Stocks to Watch Today: Sapphire Foods, Devyani International, Vodafone Idea, Ola Electric, NLC India
Stocks of Sapphire Foods Ltd., Devyani International Ltd., Vodafone Idea Ltd., Ola Electric Ltd. and NLC India Ltd. will be in focus on Friday. Here are some of the notable corporate announcements that came after Thursday’s market hours:
Sapphire Foods and Devyani International Merger
Sapphire Foods is set to be merged with Devyani International effective April 1. As per the approved swap ratio, Sapphire shareholders will receive 177 Devyani shares for every 100 Sapphire shares held. The deal values Sapphire at par with Devyani. Additionally, the Sapphire board approved a secondary sale of 18.5% stake in Sapphire Foods by Sapphire Foods Mauritius to Devyani Promoter Arctic International. The secondary sale will be prior to the scheme becoming effective. For more information on mergers and acquisitions, click here.
Vodafone Idea Penalty
Vodafone Idea received a penalty of Rs 638 crore including interest from the Ahmedabad tax body. The company will take appropriate legal action. This development may impact the company’s stock price, and investors should keep an eye on Vodafone Idea news for updates.
Other Corporate Announcements
Acme Solar incorporated a wholly owned subsidiary, ACME Greentech Fifteen. PNGS Gargi Fashion Jewellery opened its new exclusive brand store in Udaipur, Thane, and Palghar. Moil increased prices for Mn-44% and above ferro grade manganese ore by 3% and raised prices for Mn-44% and below ferro grade manganese ore by 3%. Time Technoplast received petroleum and explosives safety organisation approval to manufacture and supply high-pressure cylinders of 2 litre capacity. Ola Electric developed India’s first dry electrode cell – the 4680 Bharat Cell – from the ground up. Indegene’s step-down arms, Indegene Aptilon services, and Trilogy Writing & consulting merged to form Indegene Healthcare Canada Inc. Olectra Greentech started commercial operation of phase-1 of its Greenfield EV manufacturing facility in Hyderabad on December 31, 2025. NLC India transferred seven renewable energy assets to its arm, NLC India Renewables.
Market Trends and Analysis
The Indian stock market is expected to be volatile in the coming days, with several major corporate announcements and Q1 results scheduled to be released. Investors should keep an eye on Nifty news and Sensex news for updates on market trends and analysis. For more information on investing in Indian markets, click here.
Conclusion
In conclusion, the Indian stock market is expected to be volatile in the coming days, with several major corporate announcements and Q1 results scheduled to be released. Investors should keep an eye on market trends and analysis, and consider stock market tips and investing strategies to make informed investment decisions.