Top stocks in focus today: Airtel, Avanti Feeds, Power Grid, Jet Airways, RIL
These companies will be in focus during trade today based on recent and latest news developments.
RIL‘s step down subsidiary, Reliance Retail Ltd, has acquired 16% stake for $7mn in a US based company that provides products that enhance the working of phones with a limited memory.
CCI approved the acquisition of RCom’s towers, optic fibre cable, right to use spectrum and media convergence nodes by Reliance Jio.
Bhushan Steel clarified that Chairman BB Singhal appeared before SFIO on March 8.
Wilmar Sugar to make an open offer to acquire additional 49.8 crore shares, representing 26% equity in Shree Renuka Sugars at a price of Rs16.29 each (premium of 4.75% from Friday’s closing price).
Dolphin Offshore Enterprises bagged order worth Rs6.75cr from RAL, Malaysia.
Power Grid won contract to establish transmission system for “New WR-NR 765 kV Inter-Regional Corridor”.
Bharti Airtel received NCLT approval for merger of Telenor with self. Also, RBI imposed penalty of Rs5cr on Airtel Payments Bank.
Tata Motors’ group global wholesales up 18% YoY to 1.21 lakh units in February.
MOIL approved the setting up ferro alloy plants at Balaghat and Gumgaon for Rs418.8cr.
OBC to increase some marginal cost loan rates by 5-15 basis points from March 12.
Aarti Drugs said that its unit in Tarapur MIDC got affected by explosion. The affected plant contributed about 16% to the company’s total revenue as of Dec. 31.
ONGC to sell stake in Gujarat Petrochem project to fund HPCL acquisition.
Avanti Feeds, Apex Frozen Foods, Waterbase: U.S. Department of Commerce has suggested a hike in anti-dumping duty on Indian shrimp to 2.34% from 0.84%. Indian shrimp exporters subject to new rates.
JSW Steel to raise $1bn via overseas bonds to acquire distressed assets.