Stocks To Watch: Maruti, ONGC, IREDA, BHEL, NTPC Green, Ashok Leyland, And Others – News18
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Stocks to watch: Shares of firms like Maruti, ONGC, IREDA, BHEL, NTPC Green, Ashok Leyland, and others will be in focus on Wednesday’s trade
Stocks To Watch
Stocks to Watch on March 26: After six consecutive sessions of gains, the markets took a pause and ended flat. In today’s session, stocks like Maruti Suzuki, ONGC, IREDA, Federal Bank, and TVS Motor will be in focus due to key developments.
Maruti Suzuki has received a draft tax assessment of Rs 2,666 crore for FY22, though the company expects no financial impact.
Federal Bank is set to acquire a 4% stake in Ageas Federal Life Insurance for approximately Rs 97.4 crore, acquiring 3.2 crore shares.
TVS Motor’s Singapore-based arm will acquire an additional 8.26% stake in GO Corporation, Switzerland, for CHF 500,000.
DLF’s subsidiary, DLF Home Developers, has acquired a 49.997% stake in DLF Urban from Reco Greens Pte for Rs 496.73 crore.
BHEL has extended its technology collaboration agreement with Vogt Power International Inc (VPI), USA, for Heat Recovery Steam Generators.
NTPC Green Energy has declared the commercial operation of a 100 MW capacity from the 320 MW Bhainsara Solar PV project.
JSW Steel will transfer its sponge iron unit in Raigad, Maharashtra, to its wholly owned subsidiary, JSW Green Steel. This subsidiary was incorporated in February last year to establish a four million tonne per annum (MTPA) integrated green steel plant as part of JSW Steel’s carbon footprint reduction strategy.
Kalpataru Projects International and its subsidiaries have secured orders worth Rs 2,366 crore across domestic and global markets. These include transmission and distribution (T&D) projects and buildings and factories (B&F) business orders in India.
Star Health Insurance addressed media reports on IRDAI’s observations regarding lapses in claims settlement practices. The company reassured stakeholders of its commitment to a customer-centric approach.
Gensol Engineering’s BluSmart Mobility is undergoing a restructuring process, with multiple top-level exits, including the CEO, CBO, CTO, and VP of Experience.
NCC has received two advance work orders worth Rs 10,804.56 crore from Bharat Sanchar Nigam Limited (BSNL) for BharatNet’s middle-mile network project.
Waaree Renewable Technologies received a Letter of Award (LOA) from Waaree Energies for an EPC contract of a 170 MW AC / 255 MW DC ground-mount solar project, including operation and maintenance services.
ONGC has approved an investment of Rs 3,300 crore in its subsidiary ONGC Green through a rights issue to finance the acquisition of a 100% equity stake in Ayana Renewable Power.
Ashok Leyland is reportedly in talks to acquire SML Isuzu. Negotiations with Japan’s Sumitomo Corporation and Isuzu are at an advanced stage, with Sumitomo holding a 44% stake and Isuzu owning 15% in the Indian unit.
Samvardhana Motherson saw a significant transaction as Goldman Sachs acquired shares worth Rs 87 crore through an open market deal, purchasing 65.48 lakh shares via its Singapore-based arm.
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