Benchmarks are set to start the new week on a much lower note, in line with trends indicated by SGX Nifty futures, which were around 400 points lower on Monday morning as Brent Crude hit the $130 mark/ barrel amid fears of a severe induced supply shortage. by the US ban on Russian oil.
In the meantime, here are the stocks to watch in trading today:
MOC: Oil company stocks will be on the radar as Brent rose above $130 a barrel.
Infrastructure: Capital goods and Infra stocks could see action as the industry department has identified 81 high-impact projects under various infrastructure ministries for the government’s Gati Shakti initiative. Those projects will be closely monitored in 2022-23, officials say. National Industrial Corridor Development Corporation (NICDC) key industrial corridors, major highways and highways and the world’s largest broadband project, BharatNet, will be among the government’s priorities.
Vodafone idea: The promoters of Vodafone Idea (Vi) amended the shareholders’ agreement to protect their governance rights with the proposed issuance of shares to central government. In January, the telecom company’s board decided to convert interest with a net present value of Rs 16,000 crore on deferred contributions into equity for the government.
Emma: FMCG major Emami has acquired a 19% stake in direct-to-consumer (D2C) nutrition company Tru Native F&B Pvt Ltd. Tru Native F&B markets nutrition products under the TruNativ brand. Emami did not disclose financial details of the deal.
Coal India: Coal India’s subsidiary, BCCL, recorded a record 61% growth in production to 3.24 million tonnes (mt) in February this year compared to the corresponding month of the previous financial year. Bharat Coking Coal Ltd (BCCL) is a Dhanbad-based subsidiary of the public sector company Maharatna.
SBI: The State Bank of India is in talks with the financial arms of Tata Motors to acquire the private company’s auto loan portfolio of up to Rs 14,500 crore. Separately, private sector banks have also expressed interest in buying part of the loan portfolios of Tata Motors Finance (TMFL) and Tata Motors Finance Solutions (TMFSL).
Additionally, he appointed former CEO of Ujjivan SFB, Nitin Chugh, as head of digital banking. Chugh was appointed DMD for a period of 3 years.
Airlines companies : Airlines have increased fares by 12-30%, depending on the route. Improving travel sentiment, rising aviation turbine fuel prices and reciprocal airspace ban due to Russia’s attack on Ukraine are driving up fares.
RIL: Reliance Industries (RIL) has announced the opening of the country’s largest shopping, business and cultural destination – the Jio World Center – spread over 18.5 acres at the Bandra Kurla Complex in Mumbai.
FMCG: The fast-moving consumer goods (FMCG) category recovered in just one month after the third wave of the pandemic compared to the full quarter it took to recover after the second wave in 2021, driven by many strong catches of packaged food and commodity (wheat flour, edible oil, grain, etc.) sales which exceeded last year’s sales figures.
At Dr. Reddy: The Central Drugs Standard Control Organization’s COVID-19 Expert Committee on Friday recommended allowing a Phase 3 clinical trial of the single-dose COVID-19 vaccine Sputnik Light to be conducted as a booster dose.
GNP housing finance: The company’s board of directors will take the call for the fundraiser on March 9.
J&K cement: The company’s board of directors approved entry into the paint business through a wholly-owned subsidiary. The Board of Directors has approved an investment of up to Rs 600 Crore spread over the first 5 years. “The subsidiary would engage in the manufacture, sale, trade, import and export and trading in all types of paints and related products and services,” the company said in a filing.
Electronic TVs : The Board of Directors has declared an interim dividend of Rs-2 per share for the year ending March 31, 2022. The interim dividend will be paid on March 23, 2022 (“payment date”) to shareholders whose the names appear in the Register of Members and/or Depositaries on March 16, 2022, being the “Registration Date” set by the company for this purpose.
Shriram Transport Funding : The company’s board has declared a second interim dividend of Rs.12/- per share of Rs.10/- each fully paid (120%) for the financial year 2021-22 to the members whose name appears in the Register of members of the company on Monday March 14, 2022 being the date of record for the purposes of payment of the second interim dividend.
Hatsun Agro product: The board will meet on Wednesday March 09, 2022 for a proposal for the Sale of the Assets of the RTE (Prêt à Manger) activity and its “Oyalo” brand to the prospective purchaser at a price mutually acceptable to the Company and the buyer and decide on the terms of the agreement to be concluded and the processing of the sale transaction.
Dilip Buildcon: The company has signed the EPC agreement with Rail Vikas Nigam Limited (RVNL), Chandigarh on March 04, 2022 for the construction of the TL4, TLs and T16 tunnels, bridges and chainage formation works 40+430 to 44+925 , including slope protection works and related works in connection with the new Bhanupali – Bilaspur – Beri railway line in the Bilaspur district of the State of Himachal Pradesh Pkg 5 Proiect – for Rs 636.98 cr
Rites: The Board of Directors will meet on Monday, March 14, 2022, in particular to declare a third interim dividend, if applicable, on the Company’s shares.
Kirloskar Electric Company: The company unit located in Bhudihal (Unit-15) has partially laid off 15 workers out of a total of 62 workers until May 04, 2022.
Jaypee Infratech: The National Company Law Tribunal (NCLT) will hear issues relating to the approval of Suraksha Group’s bid to acquire debt-ridden property company Jaypee Infratech Ltd on March 7-9. In a regulatory filing, Jaypee Infratech Ltd (JIL) said the listing of the resolution plan matter, along with related means, is listed for consideration before the main bench of NCLT in New Delhi on March 7-9.