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Stocks to watch: Shares of firms like HDFC Bank, Indian Hotels, BSE, HUL, Maruti, Wipro, and others will be in focus on Thursday’s trade
Stocks To Watch
Stocks to Watch on March 27: Indian equity markets saw a decline after a brief pause, shedding over half a percent amid mixed global signals. In today’s session, HDFC Bank, Ashok Leyland, BSE, HUL, Maruti, and Wipro are among the key stocks in focus due to various developments.
Key Stocks in Focus
Adani Enterprises – Adani Group has expressed interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, as per a PTI report.
HDFC Bank – The Reserve Bank of India (RBI) has imposed a Rs 75 lakh monetary penalty on the bank for failing to comply with Know Your Customer (KYC) regulations.
HUL – Hindustan Unilever has appointed Rajneet Kohli as Executive Director, Foods & General Manager, India – Foods Business Unit, effective April 7.
Max Financial Services – Promoter Max Ventures Investment Holding plans to sell 1.59% stake in Max Financial via block deals, with the offer price set at Rs 1,117.6 per share and an expected deal size of Rs 611.6 crore.
Wipro – The IT giant has secured a £500 million (Rs 5,300 crore), 10-year strategic deal with Phoenix Group, UK to handle life and pension administration for the ReAssure business.
Indian Hotels Company (Tata Group) – The company infused $9 million in its Netherlands-based subsidiary IHOCO BV, which will further invest in its US subsidiary United Overseas Holding Inc for debt repayment and operations.
Vedanta – The board has appointed Rajiv Kumar as CEO – Aluminium Business for a three-year term, effective March 26.
UPL – Alpha Wave Ventures II, LP has invested $100 million for a 3.51% stake in Advanta Enterprises, with UPL selling an additional 8.93% stake for $250 million.
BSE – The exchange will consider issuing bonus shares in its board meeting on March 30.
Bharat Forge & Tata Advanced Systems – The Ministry of Defence has signed Rs 6,900 crore contracts with Bharat Forge and Tata Advanced Systems for procurement of 155mm/52 calibre advanced towed artillery gun systems (ATAGS).
NBCC (India) – Signed an MoU with MAHAPREIT for consultancy, EPC, and redevelopment projects worth Rs 25,000 crore.
Ashok Leyland – Its UK-based subsidiary, Switch Mobility, has initiated a consultation process with employees, potentially leading to the closure of its Sherburn facility.
NHPC – Completed the trial run of Unit 3 (200 MW) of the Parbati II HE project (4×200 MW) in Himachal Pradesh.
Torrent Power – Sold equity shares of 10 subsidiaries worth Rs 474.26 crore to its wholly owned subsidiary, Torrent Green Energy.
Aditya Birla Capital – The board will meet on March 31 to discuss raising funds via debt securities, including non-convertible debentures (NCDs).
Piramal Enterprises – Infused Rs 600 crore into its subsidiary Piramal Finance via a rights issue to support business operations.
Sunteck Realty – Plans to invest $10 million to $20 million in Sunteck Lifestyle International, which will further invest in its Dubai project.
Sterlite Technologies – Partnered with Wyre to support the development of a multigigabit fibre-to-the-home (FTTH) network in Belgium.
IRM Energy – Signed a five-year contract with Shell Energy India to supply Regasified Liquefied Natural Gas (RLNG), totaling 1,23,21,200 MMBtu.
TVS Supply Chain Solutions – Plans to invest up to Rs 250 crore in its three overseas subsidiaries in the UK, Singapore, and the USA.
Restaurant Brands Asia – Raised Rs 500 crore via QIP allotment of 8.33 crore shares at Rs 60 per share, with SBI Mutual Fund, MIT, Arisaig Asia Fund, ICICI Prudential Life, and Motilal Oswal Mutual Fund among the investors.
MSTC – Declared a third interim dividend of Rs 4.50 per share for FY 2024-25.
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