Stocks to Watch: ITC, Indigo, Hindustan Zinc, Wipro, HG Infra, RVNL, and Others – News18

Stocks to Watch on March 12: Domestic indices started the week with a cut and lost over half a percent amid mixed cues. In today’s trade, shares of IndiGo, ITC, AB Capital, TVS Motor, Jupiter Wagons among others will be in focus due to news developments.

Bharat Highways InvIT: The REIT will list today over an issue price of Rs 100.

RK Swamy: The stock will debut today against an issue price of Rs 288.

ITC: British American Tobacco Plc is preparing to kick off a sale of part of its stake in ITC as soon as this week, as per reports. The company has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC through block deals.

M&M: Its February production rose 26 per cent to 73,380 units from last year(YoY). Sales too grew 26.2 per cent to 71,384 units compared to 56,551 units last year. However, its exports dropped 31.6 per cent to 1,539 units.

Triveni Engineering: It said it has acquired a 25.43 per cent stake in Sir Shadi Lal Enterprises for an aggregate consideration of Rs 35 crore.

Aditya Birla Capital: Its board of directors have approved the merger of Aditya Birla Finance, its wholly-owned subsidiary, with the company.

Hindustan Zinc: The Centre has reportedly opposed the company’s plan to demerge into three separate entities dealing with zinc & lead, silver, and recycling businesses.

Wipro: Wipro has expanded its partnership with Nutanix Inc to launch a new Nutanix-focused business unit.

PSP Projects: It has received various new work orders worth Rs 410 crore (excluding taxes) for a fintech building at GIFT City, Gandhinagar.

HIL: It will acquire 100 per cent equity of Crestia Polytech & 4 other entities– Topline Industries, Aditya Polytechnic, Sainath Polymers & Aditya Industries for Rs 265 crore on cash free & debt free basis.

Jupiter Wagons: It has won a Rs 957 crore contract from the Ministry of Railways for manufacturing and supply of BOSM wagons

HG Infra: It has received a Letter of Award for projects worth Rs 862.11 crore from National Highways Authority of India.

RVNL: It has emerged as the lowest bidder for Maharashtra Metro Project worth Rs 339.23 crore and for a separate project worth Rs 47 crore from Central Railways.

IndiGo: Rakesh Gangwal, co-founder of InterGlobe Aviation, on Monday sold 5.8% stake in the budget carrier through the open market for Rs 6,786 crore.

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.