Maruti Suzuki, Airtel, BPCL and other hot stocks to watch out for March 23

Mar 23, 2021

Credit: BCCL

Maruti Suzuki

The leading auto-maker has announced an increase in prices from next month due to an increase in input costs. This is Maruti Suzuki’s second price hike, this year.

Credit: BCCL

Bharti Airtel

The buoyant telco said it will acquire an additional 3.3 percent stake in Avaada MHBuldhana, an SPV formed for owning and operating a captive power plant.

Credit: BCCL

BPCL

The state-owned company has announced it will amalgamate natural gas company Bharti Gas Resources with itself.

Credit: BCCL

IndusInd Bank

Moody’s Investors has upgraded the bank’s outlook from negative to stable, due to an improvement in funding and capital.

Credit: BCCL

SBI Life Insurance

The insurer has announced a revision in the cut-off date for the interim dividend, from April 5 to April 6.

Credit: SBI Life Insurance

Mahindra & Mahindra

The auto-maker has bagged a Ministry of Defence contract to supply 1,300 light specialist vehicles to the Indian Army for ₹1,056 crore.

Credit: Mahindra & Mahindra

Edelweiss Financial Services

The company has announced an investment of ₹2,366 crore in Edelweiss Wealth Management, subject to regulatory approvals.

Credit: Edelweiss Financial Services

KEC International

The company has bagged orders worth ₹1,429 crore across various divisions, taking its total order inflows for 2020-21 to over ₹11,000 crore.

Credit: KEC International

Vaibhav Global

The company’s board has approved a share split of one equity share of face value of ₹10 each to five equity shares of face value ₹2 each.

Credit: Vaibhav Global

Varroc Engineering

The company’s board has approved a qualified institutional placement of equity shares at ₹395.41 per share, which is at a discount of 2.83 percent compared to the closing price on March 22.

Credit: Varroc Engineering