Stocks To Watch: Axis Bank, Kotak Mahindra Bank, DLF, MTAR Technologies

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MTAR Technologies shares will likely be listed on the bourses at 10 am in the present day

The home inventory markets are prone to open within the inexperienced on the again of constructive international cues. Trends on SGX Nifty point out a constructive opening for the index in India, with a 90-points acquire. At 7:30 am, the Nifty futures had been buying and selling at 15,119, larger by 90 factors or 0.85 per cent, on the Singapore Stock Exchange.

On Friday, the Sensex closed decrease by 487 factors or 0.95 per cent at 50,792.08 and the Nifty fell 144 factors or 0.95 per cent to fifteen,030.95.

Stocks to observe in commerce in in the present day’s session (March 15, 2021)

Axis Bank 

Axis Bank will purchase a 9.9 per cent stake in Fettle Tone LLP, a promoter of Max Bupa Health Insurance Company, for Rs 90.8 crore.

Kotak Mahindra Bank

Kotak Mahindra Bank’s board has permitted fee of dividend on 100 crore 8.10 per cent non-convertible perpetual non-cumulative desire shares of face worth of Rs 5 every for the interval commencing from April 1, 2020 until March 31, 2021. The document date has been mounted as March 19.

SBI Cards and Payment Services

The Board of SBI Cards and Payment Services has permitted fundraising of Rs 2,000 crore by means of issuance of Non-Convertible Debentures (NCDs) in a number of tranches over a time period.

DLF

DLF’s board will meet on March 17 to contemplate the proposal of providing secured NCDs aggregating as much as Rs 500 crore in a number of tranches.

MTAR Technologies 

MTAR Technologies shares will likely be listed on the bourses in the present day.



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