Stocks in focus: Muthoot Finance, Vedanta, Tata Steel & others

Indian equity market ended the day in green on Wednesday, April 5, thanks to the positive macroeconomic data. Today, market participants will closely track the RBI monetary policy decision, which is slated to be released at 10 am. It will be the first policy meeting of the fiscal year 2023-24.

The central bank is expected to hike the repo rate by 25 basis points. Here's a list of key stocks that are expected to hog the limelight in today's session. Read on

Muthoot Finance: The gold loan NBFC will have a board meeting regarding an interim dividend today, April 6, for its shareholders. The company has decided on a record date of April 18 for the FY23 dividend but will decide the amount next month. 

Earlier, the company had announced that it plans to pre-pay its $550 million external commercial borrowings on 2 September 2023.

Vedanta Ltd: Shares of Anil Agarwal-led company will turn ex-dividend today. The company declared a dividend of Rs 20.50 apiece and a total of Rs 7,621 crore. The record date for the dividend is April 7 and it will be paid to shareholders on April 27.

Ujjivan Small Finance Bank: Shares of Ujjivan Small Finance Bank will be in focus today as the company shared its business update yesterday. According to the company, its total deposits increased 39 per cent to Rs 25,481 crore in March in comparison with last year's Rs 18,292 crore.

The bank's current account, savings account (CASA) deposits at the bank jumped 35 per cent to Rs 6,733 crore at the end of the March quarter, while the CASA ratio dipped to 26.4 per cent from 27.3 per cent.

Tata Steel on Wednesday released its business update. The company's consolidated steel production increased around 3 per cent to 7.77 million tonnes during the January-March quarter. Its total sales were 7.59 MT, down 3.43 per cent over 7.86 MT in the same quarter of 2021-22.