Stocks To Watch: Bharti Airtel, PB Fintech, Infosys, TCS, HUL, Nestle, Nykaa, And Others – News18
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Stocks to watch: Shares of firms like Bharti Airtel, PB Fintech, Infosys, TCS, HUL, Nestle, Nykaa, and others will be in focus on Wednesday’s trade
Stocks to Watch Today: Market Movers, Gainers, Losers, and Investor Insights
Stocks To Watch On March 12: Markets remained volatile on Tuesday but ended slightly in the green amid mixed signals. Today, shares of Bharti Airtel, PB Fintech, Infosys, Kaynes Technology, KPI Green, and others will be in focus due to various news developments.
Bharti Airtel
Bharti Airtel has signed an agreement with SpaceX to bring Starlink’s satellite internet to India. However, the deal is subject to SpaceX receiving approval from Indian authorities to offer Starlink services. Airtel may also sell Starlink equipment in its stores and provide services to businesses.
TCS
Tata Consultancy Services (TCS) will acquire Bengaluru-based commercial real estate firm Darshita Southern India Happy Homes for Rs 2,250 crore. The property will serve as a delivery center, with the acquisition to be finalized through a call option to acquire a 100% equity stake after two years.
Swiggy
Swiggy announced plans to transition to a 100% electric vehicle (EV) delivery fleet by 2030. The company currently works with 540,000 delivery partners across India and already delivers some orders using EVs. Last October, Swiggy also launched its XL EV fleet for bulk orders.
HUL
Minimalist, recently acquired by Hindustan Unilever for Rs 3,000 crore, will leverage HUL’s distribution network to expand both domestically and internationally. The acquisition supports Minimalist’s goals to grow in manufacturing, research and development (R&D), and offline retail.
Godrej Agrovet
Godrej Agrovet’s board has approved the acquisition of the remaining 48.06% stake in Creamline Dairy Products, making it a wholly owned subsidiary. The company has paid Rs 930 crore for the acquisition.
RVNL
Rail Vikas Nigam (RVNL) won a key infrastructure project, emerging as the lowest bidder (L1) for a Rs 554.64 crore contract from the National Highways Authority of India (NHAI). The project involves constructing a six-lane access-controlled road in Andhra Pradesh.
Nykaa
FSN E-Commerce (Nykaa) has incorporated a new wholly-owned subsidiary, Nykaa Essentials, focused on the beauty and personal care (BPC) retail business. The authorized share capital is Rs 10 crore, with a paid-up share capital of Rs 5 lakh.
PB Fintech
PB Fintech, the parent company of Policybazaar, approved an investment of up to Rs 696 crore in its wholly-owned subsidiary, PB Healthcare Services. The investment, subject to shareholder approval, will be made through equity shares or compulsorily convertible preference shares.
Kaynes Technology
Kaynes Technology India’s Managing Director, Ramesh Kunhikannan, received a Show-Cause Notice from SEBI regarding alleged violations related to the company’s Structured Digital Database (SDD) for financial results ending March 31, 2023, under the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Adani Enterprises
Following its success with the Dharavi slum redevelopment project, Gautam Adani’s group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai.
Nestle India
Nestle India has partnered with Thakral Innovations to distribute its luxury Nespresso boutiques in India.
Infosys
Infosys ADRs declined for the second consecutive day after Morgan Stanley downgraded the IT company to ‘equal-weight’ from ‘overweight.’
TVS Motor
Indian Foundation For Quality Management (IFQM) reduced its stake in TVS Motor to 18.18%, no longer making it an associate company.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
