The stock market on Friday, March 5, closed in the red for the second consecutive day. On the contrary, the market indices on Monday, March 8, are expected to give a positive start as the SGX Nifty was trading 154.00 points or 1.03 percent higher at 15,107.50 at 7:05 am. On March 5, the BSE Sensex witnessed a fall of 440.76 points or 0.87 percent to close at 50,405.32 while the NSE Nifty was down by 142.65 points or 0.95 percent to settle the day at 14,938.10.
Top stocks to look for the day are:
NMDC: The prices of iron ore – lump ore (65.5 percent, 6-40mm) has been fixed by the company at Rs 5,100 per tonne and fines (64 percent, -10mm) at Rs 4,210 per tonne. It had come into effect from March 6, 2021.
Maruti Suzuki India: The total vehicle production of the company rose to 1,68,180 units in February, up by 19.33 percent from 1,40,933 units on yearly basis.
Adani Ports and SEZ: An investment of Rs 800 crore will be made in the company by Windy Lakeside Investment Ltd for a 0.49 percent stake.
Mahindra and Mahindra: On March 8, the officials of the company will interact with RBC Global Asset Management and on March 9 with Avendus Capital and Limiar Capital.
Tata Chemicals: Via open market transactions, ICICI Prudential Mutual Fund has lowered its shareholding in the company to 3.05 percent from 3.37 percent.
Hindustan Copper: On March 8, via video conferencing, the officials of the company will meet Bajaj Allianz.
Sayaji Hotels: Sayaji Hotels Management (SHML) which is the subsidiary of the company has signed and entered into seven management agreements for the expansion of SHML by having new properties in Andhra Pradesh, Gujrat, Uttarakhand, Rajasthan and Maharashtra.
Aarti Drugs: Aarti Speciality Chemicals which is the subsidiary of the company has revised an approval under the Production Linked Incentive scheme for the pharmaceutical sector.
PNC Infratech: The company’s PNC Delhi Industrialinfra’s credit rating on long-term bank facilities has been revised by CARE to A- from BBB+, with a stable outlook.
India Grid Trust: A share purchase agreement has been signed by the company to acquire NER-II Transmission, from Sterlite Power as part of the Framework Agreement. The value of the acquisition is indicated around Rs 4,625 crore and would boost IndiGrid’s AUM by 34 percent to over Rs 20,000 crore (USD 2.8 billion).