Five largecap names that investors should keep an eye on today!
Check out these largecap companies making headlines in today’s trading session.
Among the largecap companies, Bharti Airtel Ltd, Maruti Suzuki Ltd, Ambuja Cements Ltd, Reliance Industries Ltd, and Titan Company Ltd, are among the stocks that are in the news on Monday. Let us see why!
Bharti Airtel Ltd: The leading integrated telecommunications company, has added 22,55,629 customers in March 2022. Its total customer base has also increased to 36.03 crore with a market share of 31.55% in terms of wireless subscribers as of March 31, 2022. It is also planning to set up a technology centre in Pune, Maharashtra to support digital services in the Western Region and might hire around 500 digital engineering professionals by the end of this financial year. Today 11:45 am, the scrip is trading at Rs 689.55, a gain of 0.02%.
Maruti Suzuki Ltd: The country’s top carmaker, has finished the process of allotment of an 800 acres site at IMT Kharkhoda in District Sonipat with Haryana State Industrial and Infrastructure Development Corporation. The company has been in discussion with the Government of Haryana for investment in a new manufacturing site for its proposed capacity expansion. It is going to be the first plant with a manufacturing capacity of 250,000 vehicles per annum and is expected to be commissioned within the year 2025. Today at 11:45 am, the scrip is trading at Rs 7248.85, a gain of 2.07%.
Ambuja Cements Ltd: Adani Group has managed to win the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for around Rs 81,361 crore, including the open offers. The Adani Group announced that, through an offshore special purpose vehicle, it had entered into definitive agreements for the acquisition of Holcim’s entire stake in two of India’s leading cement companies, Ambuja Cements and ACC. Holcim owns 63.19% in Ambuja Cement and 4.48 % in ACC. Ambuja Cement owns 50.05 % of ACC. Adani will make an open offer to buy 26% of these two companies from non-promoter shareholders, as per SEBI’s norms. Today at 11:45 am, the scrip is trading at Rs 369.85, a gain of 3.08%.
Reliance Industries Ltd: India's biggest retailer Reliance is planning to acquire dozens of small grocery and non-food brands as it aims to build its own $6.5 billion consumer goods business to compete with giants like Unilever. Today at 11:45 am, the scrip is trading at Rs 2445.35, a gain of 0.71 %.
Titan Company Ltd: The Indian luxury products company is targeting a growth of 2.5 times in its flagship jewellery business in the next five years. It is planning to add over 600 stores across 300 cities in the next three years. The company aims to deliver over 2,000-crore sales by FY25 from Rs 290 crore in FY22 from its fashion jewellery brand Mia by Tanishq. In addition to this, it is also planning to double Mia's points of sale to 550 by FY25 from 275 at present. As they are expecting luxury to grow in India, they are aiming to increase the customer base of its crafted jewellery business Zoya by four times by FY25. The company is also aiming to register over Rs 2,500 in crore sales from international markets becoming ‘the brand of choice for the Indian diaspora’ in North America and West Asia by FY27. Today at 11:45 am, the scrip is trading at Rs 2117.35 , a gain 1.26 %.
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