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The Vodafone-Idea FPO is indeed coming up soon, and those interested in investing should take note of the minimum investment required. It's always wise to do your research and understand the details beforehand, so you can make an informed decision. Good luck with your investment!

It's definitely important news for investors in the share market to know that Vodafone Idea is launching the country's biggest follow-on offer. The telecom company, which has been struggling with debt, has set the FPO to open on Thursday 18th April and investors will have until April 22 to bid. The price band for this FPO has been fixed between Rs 10 to 11.

Largest FPO in the country

FPO of Vodafone Idea Limited (VIL) is successful, it will become the largest FPO in the history of the country. Yes Bank had previously brought an FPO of Rs 15 thousand crores in July 2020, which was successful. Adani Enterprise also had a successful FPO of Rs 20 thousand crores, but it was fully subscribed and later withdrawn after the Hindenburg report.

Exide Industries' share price has jumped over 6% to a 52-week high. 

This comes after Morgan Stanley raised the target price and sees a potential 22% upside for the company. It's always good to see positive growth and potential in the market.
Exide Industries share price has jumped over 122% in the past one year and Morgan Stanley believes it could further rise significantly over the next ten years.

Exide Industries' share price rose significantly after Morgan Stanley raised its target price on the stock, citing multiple levers for growth. The brokerage firm believes that the Indian government's support for Made in India Electric Vehicles (EVs) will help Exide Industries become a leading player in battery cell localisation.

The government's support, fall in battery cost, and rising demand from EVs and industrial segments could drive demand for lithium batteries to 150 gigawatt hours, which could represent a $13 billion Total Addressable Market (TAM) for the company. Additionally, Exide Industries' strong automobile and industrial tie-ups, and early mover advantage could play in its favor.

The recent gains in Exide Industries share price came after the battery manufacturer partnered with Hyundai Motor Company (HMC) and Kia Corporation for the production of EV batteries in India.

Maharatna PSU Stock performed well despite the falling market.

 A brokerage firm seems to be bullish on it and has advised a BUY for potential 47% upside. It might be worth considering this advice before making any investment decisions.

It seems that ONGC, the Maharatna company of the country's oil and gas sector, has experienced a significant increase in its shares amidst the current decline in the market. According to reports, the stock has surged more than 6.5 percent on April 15. As per the global brokerage house Jefferies, the profitability outlook for ONGC remains strong, and they have advised buying the company's shares again. Jefferies has given a target of 47 percent upside on PSU shares, which have already shown a rise of more than 75 percent in a year.

Why Ambuja Cements share price trading flat despite stock market crash?

Ambuja Cements' share price has rebounded from its low and recorded a 4% upside. It's interesting to see how the stock market crash hasn't affected the company's share price much.

Stock market today:

stock market crash in India, Ambuja Cements share price remained stable during Monday's trading. I heard that there was some selling pressure on the Adani group company share in the morning session, but the stock bounced back from its intraday low of ₹593.45 apiece on NSE and touched an intraday high of ₹615.60 per share level, which is a 4 percent jump from its intraday low today. The Adani group stock saw a positive trend after the company announced that it has signed an agreement to acquire My Home Group's 1.5 MTPA cement grinding unit in Tuticorin, Tamil Nadu. It's reported that the acquisition would cost ₹413.75 crore to Ambuja Cements Ltd.

Ambuja Cements news

Ambuja Cements has signed a definitive agreement to acquire My Home Group's 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu, as reported to the Indian stock market exchanges. The acquisition, which is estimated to be valued at a total of Rs. 413.75 Crores, will aid in enhancing the coastal footprint across the southern markets of Tamil Nadu and Kerela. This will provide southern market customers with an opportunity to experience and instill their trust in one of the most iconic and trusted brands .

Ambuja Cement. The acquisition also presents a unique competitive advantage with the coastal movement of clinker from the Sanghipuram Plant ensuring cost-efficient operations due to the limited availability of limestone in Tamil Nadu. Ajay Kapur, CEO – Cement Business at Adani Group said that they are glad to announce this acquisition and that it strengthens their foothold in the region. Furthermore, this acquisition aligns perfectly with their commitment to delivering high-quality products and services to their customers. Ambuja Cements will inherit the existing dealer network and retain current employees, facilitating a smooth transition and enabling the rapid ramp-up of utilization.

Ambuja Cements share price target

"Did you hear about Ambuja Cements? According to Sumeet Bagadia, Executive Director at Choice Broking, the stock may experience a significant increase in value once the Indian stock market stabilizes. Bagadia suggests that this could be a good time for those looking to invest in this Adani group share, with a stop loss set at ₹585 apiece. The stock is predicted to reach levels of ₹630 to ₹640 in the near future. As for existing shareholders, Bagadia recommends holding onto the stock for a short-term target of ₹640, while maintaining a stop loss at ₹585 apiece. Additionally, he advises shareholders to use a buy-on-dips strategy on every big dip until the stock is trading above ₹585 per share."

RWE Starts Building New Wind Farm in Rhenish lignite area.

It's great to see that RWE is taking steps towards a more sustainable future by building a new wind farm in the Rhenish lignite area. The project involves the construction of six wind turbines with a combined output of 34.2 MW on recultivated areas of the Inden opencast mine. The electricity generated by these turbines will be fed into the power grid via existing infrastructure, and the plants are expected to produce enough green electricity to cover the annual demand of around 24,000 households once they are commissioned in the summer of 2025.

 This is not the first time that RWE has operated renewable energy projects on recultivation sites. The company already has several wind and solar farms, including the "RWE indeland Solarpark" at the Inden opencast mine. RWE plans to implement more wind and photovoltaic projects with a total output of around 1,000 MW by 2030 in North Rhine-Westphalia alone, and is currently looking for suitable land for this purpose. It's great to see companies like RWE taking positive steps towards a more sustainable future for us all.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.