Nifty futures on the Singapore Exchange were trading 16 points, or 0.15 %, higher at 11,049, indicating a positive start for the Nifty50. Here are a few stocks which may buzz the most in today's session.
Inox Leisure: The CCI has dismissed a complaint alleging unfair trade practices against multiplex chain operator Inox. The ruling came on a complaint filed by Telangana-based Vijay Gopal who alleged that Inox has colluded with Coca Cola by entering into exclusive supply/sale agreement to sell water/beverages within the multiplexes at higher prices.
Reliance Capital: Reliance Capital informed that Icra has revised its rating by one notch to A1 for the short-term debt programme of the company due to delay in monetising non-core investments. The agency has downgraded the rating with negative implications outlook.
Lupin, Natco Pharma: Drug firm Lupin said it in alliance with Natco Pharma has received a nod from the US health regulator to market generic Imatinib Mesylate tablets used for the treatment of certain types of cancer.
ITC: Leading cigarette maker ITC has increased the price of three brands - Bristol, Flake Excel and Capstan. The Kolkata-headquartered company has increased its prices by about 7 % to 14 %.
Wipro: Shares of Wipro will turn ex-bonus on Wednesday. The IT major has fixed March 7 as the record date to determine eligible shareholders for 1:3 bonus shares.
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JM Financial: Blackstone, the world’s largest private equity fund, is set to merge Sunjay Kapur-led Sona BLW Precision Forging with Comstar Automotive Technologies to create a Rs 4,200-crore auto components platform. The merger will pave the exit for JM Financial, which owns 32 % in the Sona Group company, which has been valued at Rs 2,100 crore ($300 million).
Bharti Airtel: Moody’s Investor Service has said Bharti Airtel’s upcoming Rs 25,000-crore ($3.5 billion) rights issue if completed successfully, will be credit-positive for the nation’s second-largest telco as the financing would allow the company to cut debt and improve liquidity.
Vedanta: Vedanta has appointed former MD of Ambuja Cement Ajay Kapur as the chief executive of its aluminium and power business and member of the group’s executive committee, Vedanta announced on Tuesday.
Balkrishna Industries: HSBC has maintained a hold rating on Balkrishna Industries and revised target price to Rs 1,040 from Rs 1,090. The stock is down 34 per cent over the past six months on concerns over returns on new capex and cut in guidance, the firm said.
NTPC: Energy major NTPC has decided to explore “statutory remedies” relating to a Rs 2,015-crore arbitration charge slapped on it in a fuel-supply dispute against Jindal ITF (JITF). The charge, believed to be one of the largest-ever infrastructure arbitration awards, pertains to a dispute over transhipment of coal from the high seas for NTPC’s Farakka power plant.
Blue Star: Air conditioning and commercial refrigeration maker Blue Star announced the appointment of Shailesh Haribhakti as its chairman. The board of the company in a meeting held on Tuesday has approved the appointment of Haribhakti as chairman of Blue Star with effect from April 1, it said.
Bank of Baroda: State-owned Bank of Baroda (BoB) cut benchmark lending rate by 0.1 percentage points, a move that would make a home, auto and other loans cheaper.
SBI: State Bank of India and payments solution provider Hitachi Payment Services have launched merchant acquiring joint venture, SBI Payment Services to establish a digital payments platform.
SpiceJet: Budget carrier SpiceJet announced connecting Hyderabad with Colombo along with the launch of 11 other new direct flights on domestic routes from March 31 onwards.
