Stocks to Watch: Infosys, Wipro, Tata Chemicals, Tata Comm, LIC, Mazagon Dock, and Others
Last Updated: March 22, 2024, 09:03 IST
Stocks To Watch March 22: Domestic markets surged on Thursday following a rally in global markets after the US Fed projected three rate cuts this year. In today’s trade, shares of Infosys, Wipro, Prestige Estates, Tata Chemicals, Tata Communications among others will be in focus due to various news developments.
Bharat Dynamics: The company’s board has approved an Interim Dividend of Rs 8.85 per share. It has also given a nod to a sub-division/ stock split of existing 1 share into 2 shares of face value of Rs 5 each.
Mazagon Dock: The company said it will lease a land parcel measuring from the Mumbai Port Authority (MbPA) for its Mumbai yard at a cost of Rs 354 crore and for a period of 29 years.
Tata Communications: The board has approved to hive-off the company’s new edged digital services business to unit for Rs 458 crore.
Sarda Energy and Minerals: Its JV subsidiary Natural Resources Energy Pvt Ltd has been awarded the Letter of Intent for composite licence for Surjagad 1 iron ore block in the state of Maharashtra.
PCBL: Its board will meet on March 27, 2024 to consider and approve the proposal for raising of funds by way of issue of one or more instruments/ securities.
L&T: Its board too will meet on MArch 27 to consider fund raising by way of debt.
Mahindra Lifespaces: It has launched a new residential project, ‘Mahindra Zen’ at Bengaluru South.
TVS Holdings: Its board has declared an interim dividend of Rs 94 per share.
Muthoot Finance: The company has acquired an additional 4.48 per cent stake in unit Belstar Microfinance for Rs 300 crore. With this, its stake in the latter has risen to 63.5 per cent.
Life Insurance Corp: The company has reportedly increased its stake in LTIMindtree from 4.99 per cent to 5.03 per cent.
Prestige Estates: It has announced its latest acquisition of 62.5 acres of prime land in Indirapuram Extension, NCR, for Rs 468 crore. The acquired land will be developed primarily as residential, complemented by education and retail
Infosys, Wipro: The American Depository Receipts of Indian IT companies Infosys and Wipro declined sharply in trade on Thursday as peer Accenture Plc slashed its annual guidance.
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