BOI:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/Bank-of-India-Share-1024x576.jpg)
Bank of India has announced that its board of directors has approved a capital raising plan of up to Rs 6,500 crore for the fiscal year 2024. This will include Rs 4,500 crore through the issuance of fresh equity capital in the form of FPO/QIP/Rights issue/preferential issue and/or Basel III compliant additional Tier-1 (AT-1) bonds, and Rs 2,000 crore through the issuance of Basel III compliant Tier-2 bonds.
SBI:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/SBI-Share-3-1024x576.jpg)
State Bank of India (SBI), the largest lender in the country, has announced that its Executive Committee of the Central Board has given approval for long-term fundraising in a single or multiple tranches up to $2 billion during FY24. This will be achieved through a public offer and/or private placement of senior unsecured notes in US dollars or any other convertible currency.
Tata Coffee:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/Tata-Coffee-Q4-Results-2023-PAT-of-Rs-48.80-Cr-Consolidated-2-1024x576.jpg)
Tata Coffee, a company of the Tata Group, has announced its financial results for the March quarter of FY23, reporting a consolidated profit of Rs 48.8 crore, up by nearly 20% YoY. This growth was supported by higher other income and lower tax costs. The company’s consolidated revenue for the quarter grew by 10.2% YoY to Rs 723 crore. However, the EBITDA decreased by 4.8% YoY to Rs 105.72 crore, with a margin decline of 230 bps for the quarter.
Piramal Pharma:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/Priramal-Pharma-Share-1024x576.jpg)
Piramal Pharma, An inspection conducted by the US Food and Drug Administration (USFDA) at the manufacturing facility located in Sellersville, USA has been concluded, and an Establishment Inspection Report (EIR) has been issued for the facility.
Avalon Technologies:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/Top-Trending-Stocks-Today-BOI-SBI-Tata-Coffee-Piramal-Pharma-Avalon-more-1-1024x576.jpg)
Goldman Sachs has purchased shares worth Rs 32.63 crore in Avalon Technologies on the day of its listing. Through open market transactions, Goldman Sachs Investments (Mauritius) I acquired 4.45 lakh shares at an average price of Rs 408.13 per share, while Goldman Sachs Funds – Goldman Sachs India Equity Portfolio purchased 3.5 lakh shares at an average price of Rs 412.91 per share.
Jindal Stainless:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/Jindal-Stainless-Limited-Share-1024x576.jpg)
Jindal Stainless, The board of the company has approved the reappointment of Abhyuday Jindal as the Managing Director for a period of five years, effective from May 1. Additionally, the company has declared a special interim dividend of Re 1 per share for FY23, following the successful completion of the merger process and the listing of new shares of the merged entity.
Prestige Estates Projects:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/Prestige-Estates-subsidiary-buys-51-of-Dashanya-Tech-for-Rs-66-Cr-1-1024x576.jpg)
Prestige Exora Business Parks, a subsidiary of the company, has acquired a 51% stake in Dashanya Tech Parkz for a total cost of Rs 66.07 Crs.
ICICI Lombard:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/ICICI-Lombard-Q4-Results-2023-PAT-of-Rs-436.96-Cr-Consolidated-1-1024x576.jpg)
ICICI Lombard has reported a substantial YoY growth of 40% in its quarterly profit, amounting to Rs 437 crore for the quarter that ended March FY23. The net premium earned during the quarter has also shown a growth of 12.3% to reach Rs 3,726 crore, while the total income has increased by 13.3% to Rs 5,256 crore as compared to the same period last year. However, the combined ratio stood at 104.2% in Q4FY23, slightly higher than 103.2% in Q4FY22. The insurance company has announced a final dividend of Rs 5.5 per share.
The results scheduled for April 19th:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/19-April-Results-Share-1024x576.jpg)
On April 19, the quarterly earnings results of several companies, including ICICI Securities, Mastek, Tata Communications, Alok Industries, Artson Engineering, Citadel Realty and Developers, G G Engineering, Gujarat Hotels, and Stampede Capital, will be closely watched by investors and analysts.
Zydus Lifesciences:
![](https://www.sharemarketexpress.com/wp-content/uploads/2023/04/Zydus-Lifesciences-Share-1024x576.jpg)
Zydus Lifesciences, The pharmaceutical company has been granted final approval by the US Food and Drug Administration (USFDA) to produce and sell the Estradiol Transdermal system in the United States. This system is intended for the prevention of postmenopausal osteoporosis and will be manufactured at the company’s formulation manufacturing facility located in Moraiya, Ahmedabad (India).
For More Latest News Click Here