Stocks in news: SBI, ICICI Lombard, Avalon Technologies, Tata Coffee

The Nifty futures contract traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,692.50, down 29 points or 0.16% from the previous close.

Here's a slew of stocks that will be in focus today for various reasons

Avalon Technologies
Goldman Sachs has bought a stake in Avalon Technologies post the listing on Tuesday through bulk deals, BSE data showed.

Read more: What changed the market while you were sleeping

Tata Coffee
For the fourth quarter, Tata Coffee's consolidated total income was higher at Rs 736 crore, compared to Rs 663 crore in the corresponding quarter of the previous year, an increase of 11%

ICICI Lombard
ICICI Lombard General Insurance has reported a net profit of Rs 437 crore for the quarter ended March. This is an increase of 40% from Rs 312 crore clocked in the corresponding quarter of last year.

SBI
The Board of India's largest lender State Bank of India (SBI) has approved long term fund raising of up to $2 billion in debt during financial year 2023-24.

Piramal Pharma
US FDA has issued an Establishment Inspection Report (EIR) for Piramal Pharma Sellersville manufacturing facility and the inspection has now been successfully closed.

Bank of India
The Board of Bank of India has considered and approved the raising of capital aggregating upto Rs 6,500 crore for the financial year 2023-24.

Jindal Stainless
The company's board has approved re-appointment of Abhyuday Jindal as Managing Director of the company for a term of 5 years with effect from May 1.

Prestige Estates
The company through its wholly owned subsidiary Prestige Exora Business Parks has acquired 51% stake in Dashanya Tech Parkz Pvt Ltd.

Tata Communications, ICICI Securities, Alok Industries
Shares of Tata Communications, ICICI Securities, and Alok Industries will be in focus today as the companies will announce their third quarter results.

Zydus Lifesciences
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) to manufacture and market Estradiol Transdermal System.

Mahindra and Mahindra
Mahindra and Mahindra says that 20-30% of the company's passenger vehicles will be electric by 2027.

Pidilite Industries
The company has entered into an agreement with Basic Adhesives for purchase of certain assets comprising technology, design, trademark, copyright, domain name and trade dress etc at an agreed amount to be paid by the company.