Last Updated: March 19, 2024, 08:14 IST
Stocks To Watch on March 19: Benchmark indices closed greater in a extremely risky commerce on Monday as buyers turned cautious forward of the US Fed’s rate of interest choice. In in the present day’s commerce, shares of L&T Finance, AB Sun Life, TCS, Tata Steel, P&G India amongst others will likely be in focus due to numerous developments.
L&T Finance: The Board of L&T Finance Holdings authorized elevating of Rs 1.01 lakh crore by way of issuance of non-convertible debentures in a number of tranches.
TCS: Tata Sons is about to divest a 0.65 per cent stake in in TCS on Tuesday within the open market, in accordance to a time period sheet. It will offload 23.4 million shares at a flooring value of Rs 4,001.
Separately, TCS is planning to enhance salaries by a mean of seven-8 per cent for its offsite staff and 2-4 per cent for its onsite staffers in 2024-25. High performers can count on a elevate of 12-15 per cent.
Popular Vehicles and Services: The inventory will make its debut on bourses in the present day towards a difficulty value of Rs 295.
L&T Finance Holdings: Its board has authorized elevating up to Rs 1.01 lakh crore by way of NCDs in a number of tranches.
Tata Steel: Tata Steel UK stated it would stop operations of the coke ovens on the Port Talbot plant in Wales after a deterioration of operational stability. It stated it would enhance coke imports to offset the influence of the coke oven closures.
Aditya Birla Sun Life AMC: Its promoters will divest 11.47 per cent stake (33 million shares) within the firm by way of the supply-for-sale (OFS) route from March 19-20, 2024. The flooring value for the OFS has been set at Rs 450 per share. This is a reduction of 5 per cent to the present market value.
HG Infra Engineering: The firm in a JV with Stockwell Solar Services has acquired a LoA for a venture value Rs 1,026 crore from Jodhpur Vidyut Vitran Nigam.
P&G India: P&G India introduced the appointment of Kumar Venkatasubramanian as CEO, with impact from May 1, 2024. The present CEO, L V Vaidyanathan will depart the corporate to pursue private pursuits.
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