Stocks to watch: Muthoot Finance, Ashok Leyland, UCO Bank

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The Board of Directors of Muthoot Finance will meet on Monday April 12, 2021 to examine the interim dividend for the fiscal year 2020-2021

Domestic stock markets are expected to open firmly, extending the upward movement seen on monetary policy day, due to cautiously positive signals from the global market. Wall Street posted modest gains overnight, Asian markets should have a slightly positive start, and early indications from SGX Nifty futures trading point to a healthy opening for indices at home. As of 7:30 a.m., Nifty futures were trading at 14,929 points, up 65 points or 0.57%, on the Singapore Stock Exchange.

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On Wednesday, the BSE Sensex gained 460.37 points and Nifty climbed 135.50 points after the RBI kept policy rates unchanged in the first monetary policy in fiscal 2022.

Stocks to watch in trade during today’s session (April 8, 2021)

Ashok Leyland

Ashok Leyland has decided to create two new subsidiaries as part of its projects to strengthen green transport solutions. The first unit – Switch Mobility Automotive – is being created to pursue the electric vehicle strategy in India and is part of its global entity. The second subsidiary – OHM Global Mobility – will focus on offering mobility as a service.

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Finance Muthoot

A meeting of the Board of Directors is scheduled for Monday April 12, 2021 to examine and declare an interim dividend for the 2020-21 fiscal year The company has set April 23 as the registration date to decide which shareholders have the right to receive the interim dividend.

UCO Bank

UCO Bank said its board of directors had approved the allocation of preferred shares to the government to inject Rs 2,600 crore capital into the bank.

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Hindustan Copper

Hindustan Copper opened its qualifying institutional placement for subscription on April 7, the company said in a regulatory filing on the stock exchanges. The floor price was set at Rs 125.79 per share.

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