Jio Financial Services, RIL, Vodafone Idea, Punjab & Sindh Bank, Crisil, JSW Infra & Cipla

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After a significant downturn in domestic stock indices on Monday, investors are bracing for another challenging session on Tuesday. This anticipation follows a drop in Asian markets, prompted by geopolitical tensions and ongoing global health concerns, mirroring the previous day's decline in US stocks. Analysts, including Sameet Chavan of Angel One, advise caution and vigilance amidst these uncertain times, emphasizing the importance of monitoring geopolitical developments and exercising restraint in trading activities due to anticipated spikes in volatility. They suggest viewing any market upticks as opportunities to exit existing long positions and avoid initiating new ones until market volatility subsides.

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Against this backdrop, several stocks are poised to be in focus today:

Reliance Industries Ltd (RIL): RIL's board is scheduled to convene on April 22, 2024, to review and approve the company's standalone and consolidated audited financial results for the quarter and year ending March 31, 2024. Additionally, the board will consider recommending dividends on equity shares for the fiscal year.

Vodafone Idea: The telecom operator plans to roll out 5G services within six to nine months following the completion of its equity funding round of Rs 20,000 crore this quarter.

Jio Financial Services Ltd: JFS has announced a partnership with BlackRock Inc and BlackRock Advisors Singapore to establish a joint venture aimed at launching wealth management and broking services.

JSW Infrastructure Ltd: The company has re-appointed Arun Maheshwari as Joint Managing Director & CEO and appointed Anoop Kumar Mittal as an Additional and Independent Director.

Gujarat Gas, IOC: Gujarat Gas and Indian Oil Corporation Ltd (IOCL) have signed a non-binding Memorandum of Understanding (MOU) to expand energy solutions for consumers.

Cipla: Cipla Health, a subsidiary of Cipla, has signed a business transfer agreement to acquire the distribution and marketing business undertaking of cosmetics and personal care business of Ivia Beaute Private, including its brands Astaberry, Ikin, and Bhimsaini.

Punjab & Sindh Bank: The bank has appointed Prem Chand Kumar as Chief Technical Officer for a three-year term.

Den Networks, Crisil, SG Mart: These companies are set to declare their March quarter results on Tuesday.

SRF, Kotak Mahindra Bank: ICICI Lombard has made investments in Kotak Mahindra Bank and SRF during Monday's trading hours.

Ashok Leyland: Hinduja Tech Limited, a subsidiary, has approved the allotment of Compulsorily Convertible Preference shares and Equity shares to investors.

Manappuram Finance: The gold loan company is planning to raise funds up to $500 million through external commercial borrowings, subject to RBI guidelines.

Integrated Industries Ltd: The company will turn ex-date for bonus issue in the ratio of 1:1 today, with today also being the record date for the corporate action.

Readers are reminded that the information provided is for informational purposes only and should not be construed as investment advice. It is recommended to consult with a qualified financial advisor before making any investment decisions.

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