Jubilant Ingrevia, Alkem Laboratories, Adani Enterprises, and Vedant Poly Fabs are in focus on 9 November. Jubilant Ingrevia entered the electronics sector by acquiring a stake in Zettaone Technologies. Meanwhile, Alkem Laboratories started a new joint venture in Saudi Arabia. Olectra Greentech and Whirlpool of India will announce their results today.
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Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Results Today
Olectra Greentech, and Whirlpool of India will announce their quarterly results today.
Results on November 10
Kalyan Jewellers India, Rentomojo, Suraksha Diagnostic, Titagarh Rail Systems, ARSS Infrastructure Projects, Avanti Feeds, Chambal Breweries & Distilleries, Cochin Shipyard, Dredging Corporation of India, Matrimony.com, MMTC, MRF, and Raksan Transformers will release their quarterly earnings on November 10.
Stocks to Watch
Jubilant Ingrevia
The company's subsidiary, Jubilant Advanced Electronics, has executed a Share Subscription and Share Purchase Agreement to acquire a 40 percent strategic equity stake in Zettaone Technologies India, with an option to increase its shareholding to 51 percent over the next year.
Through this acquisition, the company has entered the electronics design and manufacturing services (EDMS) sector. The investment is expected to help it capitalise on opportunities in this space and create a strong platform to serve customers across the semiconductor, aerospace and defence, automotive, and other electronics segments.
Alkem Laboratories
The pharmaceutical company has incorporated a subsidiary in the form of a joint venture, Alkem Pharma Company, in the Kingdom of Saudi Arabia. The move aims to expand its business operations and market reach in the country.
Following the completion of the acquisition, VMDCPL has become a joint venture of the company.