Stocks to Watch: UltraTech Cement, ZEEL, Mahindra Finance, JSW Energy, Zomato

livemint.com:

UltraTech Cement: The company has announced its plan to allocate ₹32,400 crore for capital expenditure over the coming three years, aiming to expand its operations. The firm intends to augment its capacity to approximately 200 million tonnes per annum (MTPA) in the near term. In addition, the company has reported the initiation of two new greenfield projects with an aggregate capacity of 5.4 MTPA.

These projects, located in Chhattisgarh and Tamil Nadu, will increase the company's total capacity to 151.6 MTPA. In the previous year, the cement producer has boosted its capacity by 18.7 MTPA. Additional expansions, amounting to 35.5 MTPA, are presently in progress at 16 sites.

Zee Entertainment Enterprises: Punit Goenka, CEO and managing director of Zee Entertainment Enterprises Ltd, has announced a voluntary 20% reduction in his salary. Goenka said, "As we strive towards our future goals, the organization is firmly committed to embracing a cost-effective approach. I am currently executing the necessary measures across all company divisions, and I believe the desired shift in mindset should start with me." He clarified that the salary reduction applies solely to him.

In the fiscal year 2023, Goenka's compensation totaled ₹35 crore, while it was ₹41.1 crore and ₹13.2 crore, respectively, in FY22 and FY21. Mahindra and Mahindra Financial Services: The company announced a strong performance for the fiscal year ending March 31, 2024, with increases in disbursements and business assets. In March 2024, the company's total disbursements were estimated at around ₹6,100 crore, reflecting a 9% growth from the previous year.