Stocks in News: Vodafone Idea, Wockhardt, Eveready key scrips among others to watch out for today

The Indian markets on Thursday continued its losing streak amid high volatility, as both the benchmark indices – Sensex and Nifty50 – closed over 0.5 per cent lower, mainly dragged by auto, banking and financial services among other indices.  

The uncertainty in the markets continued on the back of Russia-Ukraine crisis, which has skyrocketed global commodity prices, including crude oil and metals. The Brent Crude almost touched US $120 per barrel and WTI Crude above $116 per barrel mark on Thursday, as per investing.com.  

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The market is likely to witness a stock specific action from Vodafone Idea, Wonkhardt, UPL, PNB, Indiabulls Housing Finance, Eveready Industries among others. 

Similarly, largely impacted by rising oil price – Paint, Aviation, Chemical, Oil and Gas among other sectors may also see action.  

Stocks in News 

Axis Bank has signed a Memorandum of Understanding with development consulting group IPE Global to provide finance of up to $150 m to #health enterprises that would otherwise not have access to affordable debt financing. 

Vodafone Idea board approves Rs 4,500 crore fund-raising plan. Issue price of Rs 13.30/share (including premium of Rs 3.30/share to floor price of Rs 12.08) to Euro Pacific Sec and Prime Metals  (Vodafone Grp entities, promoters), Oriana Investments (Aditya Birla Group entity) on a preferential basis 

Indiabulls Housing Finance: SEBI informed co of non-compliance related to the availability of certain information on the website of the company and internal policy of the company and directed the company to take corrective measures thereof and inform the stock exchanges in a month. 

Wockhardt: To issue 3 rights shares for every 10 shares held at Rs 225 per share. Rights issue to open March 15, close March 22. 

Punjab National Bank along with Patanjali launched co-branded credit cards in association with RuPay 

Eveready Industries’ chairman and managing director - Aditya Khaitan and Amritanshu Khaitan respectively have tendered resignations amid open offer from Burman group of Dabur India.