Stocks To Watch On March 14: Benchmark indices crashed over 1% on Wednesday due to widespread promoting strain amid a pointy fall in smallcap and midcap indices. In right this moment’s commerce, shares of ITC, Vedanta, Tata Motors, Cyient, Gopal Snacks, Droneacharya Aerial amongst others will probably be in focus due to varied information developments.
Reliance Industries: RIL, on Thursday, signed a binding settlement with two subsidiaries of Paramount Global to purchase the latter’s stake in Viacom18 Media Pvt. Ltd. for an combination consideration of Rs 4,286 crore.
Gopal Snacks: The firm’s shares will debut on the inventory exchanges on Thursday at a difficulty value of Rs 401 apiece.
Hindustan Aeronautics: The Ministry of Defence (MoD) has signed two contracts price Rs 8,073 crore with the Hindustan Aeronautics for acquisition of 34 superior gentle helicopters and related gear for the Indian Army and the Coast Guard.
KEC International: The firm has acquired orders price Rs 2,257 crore throughout its varied companies.
Tata Motors: The firm has signed an MoU, for funding price Rs 9,000 crore, with Tamil Nadu authorities to set-up car manufacturing facility.
DLF: Cholamandalam Investment and Finance Company has purchased 4.67 acres of land in Chennai from DLF Ltd for Rs 735 crore.
Separately, the corporate has determined to elevate funds price Rs 600 crore through debt securities.
Som Distilleries: The firm’s Board of Directors will meet on April 2, 2024, to take into account inventory break up/sub-division of shares.
Grasim Industries: The Finance Committee of the Board of Directors of the corporate has authorised to elevate funds by the use of issuance of Non-Convertible Debentures of Rs 1,250 crore.
Federal Bank, South Indian Bank: The Reserve Bank of India has requested Federal Bank, and South Indian Bank to cease issuing new co-branded bank cards.
Hudco: A gathering of Board of Directors will probably be held on Wednesday, March 20, to take into account declaration of interim dividend for FY24.
Patanjali Foods: The Board of Directors has authorised the formation of two wholly owned subsidiaries of the corporate in India. The firm additionally declared an interim dividend of Rs 6 per share.
Indian Hume Pipe: The firm acquired orders price Rs 230 crore from Telangana authorities for water provide and sewerage tasks.
Auto shares: The central authorities has introduced a brand new scheme, with a complete outlay of Rs 500 crore, to promote the adoption of electrical mobility in India.
IIFL Finance: The firm authorised elevating up to Rs 1,500 crore through problem of shares and up to Rs 500 crore through NCDs on a personal placement foundation.
Vedanta: The firm will enchantment in opposition to Sebi’s order directing it to pay Rs 77.6 crore to Cairn UK.
PC Jeweller: The State Bank of India has accepted the corporate’s proposal for one time settlement of excellent dues.
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