Jun 19, 01:37 AM

HDFC Bank Exit and Jio Financial Deal Top India Stocks to Watch

Indian equity investors will weigh a cluster of corporate announcements on Thursday, 19 June, as the market reopens after a mid-week break. Analysts expect individual stock moves to dominate early trade rather than broad macro cues. HDFC Bank said Chief Human Resource Officer Vinay Razdan resigned with effect from the close of business on 18 June, a high-level departure at the country’s largest private lender. In the financial services space, Jio Financial Services completed the Rs 104.54-crore purchase of State Bank of India’s 7.91 crore shares in Jio Payments Bank, turning the venture into a wholly owned subsidiary. Among telecom names, Vodafone Idea announced a tie-up with US-based AST SpaceMobile to roll out direct-to-device satellite broadband aimed at expanding coverage under the government’s Digital India programme. Hero MotoCorp, meanwhile, rolled out a Battery-as-a-Service subscription for its Vida Vx2 electric scooter to cut upfront costs for buyers. New listings and regulatory updates are also in focus. Trading in Siemens Energy India’s equity shares begins today after receiving BSE and NSE approvals. Zydus Lifesciences reported that a US FDA audit of its Ahmedabad oncology injectable plant concluded with two observations unrelated to data integrity. Additional corporate actions include Abbott India’s agreement with MSD Pharmaceuticals to distribute sitagliptin-based diabetes medicines, Tata Elxsi’s memorandum with Infineon Technologies to co-develop electric-vehicle subsystems, ESAF Small Finance Bank’s plan to sell a Rs 735.18 crore stressed-loan pool, and Bank of Maharashtra’s launch of co-branded credit cards with SBI Cards.

Written with ChatGPT .

HDFC Bank Exit and Jio Financial Deal Top India Stocks to Watch

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