Stocks to Watch: Check out the companies making headlines before the opening bell today.

Buzzing Stocks: Ambuja Cements, IndusInd Bank, Godrej Industries, and others in news today

Godrej Industries plans to raise ₹1,000 cr. via bonds

Godrej Industries, part of Godrej Group, plans to raise Rs 1,000 crore through an issue of bonds on a private placement basis.

Godrej Industries plans to raise Rs 1,000 cr via bonds pvt placement basis

Each series will have an aggregate nominal value of up to Rs 250 crore with an option to retain over-subscription up to Rs 250 crore aggregating up to Rs 500 crore.

Godrej Industries plans to raise Rs 1,000 crore via bonds

The management committee of the company’s board on Friday, 10 March 2023, approved raising upto Rs 1,000 crore by issuing non-convertible debentures (NCDs) on private placement basis.

Godrej Industries to raise Rs 1000 crore via NCDs

Godrej Industries (GIL) has announced the appointment of Vishal Sharma as the “chief executive officer- designate” (CEO-Designate) of GIL-Chemicals business with effect from 1 March 2023.

Godrej Inds appoints Vishal Sharma as CEO-designate of chemicals business

Wipro, Infosys, Mastek, Tata Steel, Godrej Industries, Zee Entertainment, NHPC, RITES, RBL Bank, Prism Johnson, South West Pinnacle, Sterlite Tech

Stocks that will see action on February 28, 2023

Godrej Industries reported 117.82% jump in consolidated net profit to Rs 314.58 crore in Q3 FY23 as against Rs 144.42 crore posted in Q3 FY22.

Godrej Industries Q3 PAT soars 118% YoY to Rs 315 cr

Castrol India, Nykaa, Godrej Industries, Hinduja Global Solutions, HeidelbergCement India, New India Assurance and Zee Entertainment will be among the stocks in focus as they declare their December quarter earnings today.

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The global slump poses difficulties for overall growth. Exports have fallen. Therefore, Godrej emphasized growth must be prioritized, adding, a larger budget deficit is acceptable, as long as the spending stimulates higher GDP growth

Union Budget 2023-24: Larger budget deficit acceptable if spend stimulates higher GDP growth, says Godrej Industries CMD

Godrej Industries Ltd registered volume of 24.89 lakh shares by 14:14 IST on NSE, a 8.84 fold spurt over two-week average daily volume of 2.82 lakh shares

Volumes spurt at Godrej Industries Ltd counter

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Godrej Industries Limited manufactures fatty acid, fatty alcohol and surfactant. The Company's segments include Chemicals, Animal Feed, Veg Oils, Estate & Property Development, Finance & Investments and Others. 