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Stocks to watch on April 10
Stocks to watch: Shares of companies like Maruti, Axis Bank, Paytm, Patanjali, Lupin, ABFRL, and others will be the focus of Wednesday’s trade.
Stocks to Watch on April 10: Domestic markets scaled new highs on Tuesday although some gains were seen at higher levels. In today’s trade, Axis Bank, Paytm, ABFRL, ICICI Pru Life, Shivalik Rasayan shares will be covered.
Maruti: The auto company on Tuesday said it has added a new assembly line at its plant in Manesar, Haryana, which has increased the company’s total manufacturing capacity from 2.25 million units to 2.35 million units.
Paytm: Surinder Chawla, MD and CEO of Paytm Payments Bank has resigned ‘due to personal reasons’, the company said in a regulatory filing yesterday. The resignation would take effect from 26 June.
ICICI Lombard General Insurance Company, PB Fintech: The major private insurance company has entered into a strategic partnership with Policybazaar to offer its products on the latter’s platform.
ICICI Prudential Life Insurance Corporation: In an exchange filing he said that he has received a GST notification for Rs 20.50 for FY19 from Gujarat tax office.
Lupine: The pharma major announced the launch of the first generic version of Oracea (doxycycline 40 mg capsules) in the US.
Axis Bank: Private equity firm Bain Capital exited Axis Bank after selling the remaining 1% stake in the lender through the open market for Rs 3,574 crore.
Patanjali: Following the controversy surrounding misleading advertisements by Patanjali, Baba Ramdev and Acharya Balkrishna have submitted affidavits to the Supreme Court, offering “unconditional, unconditional” apologies.
ABFRL: The company has incorporated a new subsidiary Aditya Birla Lifestyle Brands for the purpose of the proposed demerger of Madura Fashion and the company’s lifestyle business.
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