Stocks in focus today: Jio Financial, Groww, Laurus Labs, Airtel among key movers
Jio Financial’s lending arm is set for a major BofA investment, while MSCI changes, infrastructure orders, Airtel’s plan revisions and Krystal’s acquisition of Citelum India provide stock-specific triggers for investors today
On Wednesday, Bank of America announced its acquisition of a 49.9% stake in Jio Credit, Jio Financial Services' lending arm, for USD 1.9 billion or Rs 18,268 crore. This joint venture agreement saw BofA obtaining shares through a preferential issue and warrants. As MSCI India's August rebalancing took place, stocks such as Billionbrains Garage Ventures (Groww) and Laurus Labs were added to the index, while Astral, Balkrishna Industries, and SBI Cards were removed.
Diamond Power Infrastructure secured an LOI of Rs 61.03 crore from a distribution company for the supply of 33 kV HT XLPE cables, with execution set for January 2027. Texmaco Rail & Engineering received a confirmed order worth Rs 77.76 crore from Ivc Logistics Limited for the supply of 3 rakes of ACT1 wagons and 1 BVCM wagon per rake.
Bharti Airtel discontinued prepaid plans offering 1.5 GB data per day with unlimited calling, leaving customers with pricier options. Krystal Integrated Services acquired a 100% stake in Citelum India, entering the city lighting and urban infrastructure segment. Vascon Engineers secured a Rs 126.39 crore work order from the Wardha Nagpur Public Works Department for a 300-bed general hospital.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
