Axis Bank, RIL, Bharti Airtel, Vodafone Idea among hot stocks to watch out on March 31

Mar 31, 2022

By: bhakti.makwana@timesinternet.in

Credit: BCCL

Axis Bank

The private sector bank said it will acquire US-based Citibank's India consumer business for $1.6 billion.

Credit: BCCL

Reliance Industries

Reliance Jio saw a drop in mobile subscribers for the second consecutive month as its customer base declined by 93.22 lakh to 40.63 crore.

Credit: BCCL

Vodafone Idea

Vodafone Idea continued to lose its subscribers shedding 3.89 lakh mobile subscribers.

Credit: BCCL

Bharti Airtel

The telecom operator was the only one who managed to add 7.14 lakh users of its mobile services.

Credit: Godrej Properties

Tata Steel

The company has initiated steps to buy Stork Ferro and Mineral Industries for acquisition of itemised assets to produce ferro alloys for ₹155 crore. The acquisition will provide an inorganic growth opportunity for Tata Steel to augment its Ferro alloys processing capacities.

Credit: BCCL

Godrej Properties

The company has acquired a 9 acre land parcel in the residential micro-market of Pimpri-Chinchwad in Pune to develop a housing project.

Credit: Godrej Properties

Nazara Technologies

The company’s subsidiary Nazara Pte (Nazara Singapore) will invest $2.5 million in BITKRAFT Funds.

Credit: ONGC

ONGC

The offer for sale issued by the company will close on March 31. Accordingly, the total offer size for sale will be up to 18.8 crore shares or 1.5 percent of the total paid-up equity.

Credit: ONGC

Quess Corp

The company’s board has approved the transfer of digital business undertaking of the company comprising Qjobs, Worq, and Dash as a going concern on a slump sale basis to the company's subsidiary Billion Careers Private Limited (BCPL), for ₹5.04 crore.

Credit: Quess Corp

ONGC, Hero MotoCorp, Tata Consumer Products among hot stocks to watch out for on March 30