Last Updated: February 29, 2024, 08:28 IST
Stocks To Watch On February 29: Benchmark indices tanked over 1% on Wednesday due to promoting in index heavyweights and financial institution shares amid weak world market traits. In as we speak’s commerce, shares of RIL, Shriram Finance, GPT Healthcare, Coal India, Oil India amongst others will probably be in focus due to information-associated developments.
Reliance Industries: Reliance Industries, Viacom18 Media and The Walt Disney Corporation on Wednesday entered into an settlement to kind a three way partnership that may merge the tv and digital streaming companies of Viacom18 and Star India and create an leisure large in India.
Coal India and Bharat Heavy Electricals: The two have introduced getting into right into a three way partnership settlement to arrange of an ammonium nitrate plant as a part of the deliberate coal-to-chemical enterprise. The three way partnership will see Coal India proudly owning 51 per cent and BHEL 49 per cent.
Venus Pipes: It has forayed into chrome steel pipes and tubes (fittings enterprise). It will introduce a specialised product line of stainless and titanium welded tubes at a tolal capex of Rs 175 crore.
ICICI Securities: SEBI has issued an administrative warning to the corporate in reference to the inspection of books and data for the Merchant Banking actions.
Greenply Industries: Its flagship model Greenply has bought the standing of ‘well-known trademark’ by the federal government’s commerce mark registry.
Oil India: the state-owned firm’s board would meet on Friday, March 8 to think about and declare a second interim dividend for FY24.
Brightcom Group: Market regulator Sebi issued confirmatory orders towards Brightcom Group, restraining promoter-cum-chairman and managing director Suresh Kumar Reddy from holding any directorial positions till additional discover.
NTPC: NTPC ARM NTPC Green has signed a three way partnership settlement with Maharashtra State Power Generation Co (MAHAGENCO) for improvement of renewable vitality parks in Maharashtra.
NSE index rejig: Under the NSE index rejig, Shriram Finance will change UPL within the Nifty50 index with impact from March 28, 2024.
The Nifty Next 50 Index will embrace Adani Power, Indian Railway Finance Corporation, Jio Financial, Power Finance Corp and REC. These compaies will probably be changed Adani Wilmar, Muthoot Finance, PI Industries, Procter & Gamble Hygiene and Shriram Finance.
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