Today’s stocks to watch include notable companies like Borosil, Ixigo, and Swan Energy among others. Here’s a look at why these stocks are in the spotlight:
Borosil’s Board of Directors has green-lighted a Qualified Institution Placement (QIP) with a floor price of ₹331.75 per share, continuing their capital-raising efforts that began in January with plans to raise up to ₹250 crore.
Ixigo, an online travel platform, has broadened its partnership with fintech giant PhonePe. This expansion now includes bus and flight bookings, building on their successful collaboration in train ticket bookings, and enhancing Ixigo’s service offerings.
Swan Energy is set to acquire a 49% stake in Triumph Offshore Private Ltd for ₹440 crores from the Indian Farmers Fertiliser Cooperative Ltd, marking a significant expansion in its business scope.
Amara Raja’s subsidiary, Amara Raja Advanced Cell Technologies, has secured a technical licensing agreement with GIB EnergyX Slovakia, part of Gotion High-Tech Co Ltd, which is expected to advance its battery technology capabilities.
Craftsman Automation has announced a partnership through a Memorandum of Understanding with Sunbeam Lightweighting Solutions and Kedaara Capital Fund II LLP, signaling expansion in their manufacturing capabilities.
Lastly, healthcare provider Shalby has ended its franchise agreement with Udaipur’s Madhuban Orthopedic and Multispecialty Surgical Hospital due to non-compliance with the agreed terms, impacting its operations in the region.
