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Stocks to Watch for May 4: Kotak Mahindra Bank, DMart, Vodafone Idea, MDL, Indus Towers, CDSL and more
From Kotak Mahindra Bank, Avenue Supermarts, Mazagon Dock, Indus Towers and others reacting to their quarterly results, to Vodafone Idea getting some relief on its AGR dues, these are the stocks that should be on your radar going into Monday's trading session on May 4 after the long weekend.
Mazagon Dock acquires 51% stake in Colombo Dockyard for Rs 249.5 crore in first international acquisition
Mazagon Dock Shipbuilders Limited has acquired a 51% stake in Colombo Dockyard PLC. This marks India's first international acquisition in shipbuilding. The deal valued at Rs 249.5 crore strengthens MDL's regional presence. Colombo Dockyard is now a subsidiary of MDL. This move aligns with India's maritime strategy. The acquisition leverages Colombo Dockyard's strategic location and capabilities.
Shipping Corp gains after signing shipbuilding pact with Mazagon Dock for methanol dual-fuel PSV
Shipping Corporation of India (SCI) added 2.14% to Rs 241.40 after the company has executed a shipbuilding contract with Mazagon Dock Shipbuilders (MDL) for the construction of one 3,000 DWT methanol dual-fuel Platform Supply Vessel (PSV).