M&M, Adani Power, Indigo, SpiceJet among hot stocks on March 17

Mar 17, 2022

By: Bhakti Makwana

Voltas

The company will enter into a joint venture with Highly International (Hong Kong), a wholly-owned subsidiary of Shanghai Highly (Group) Company.

Credit: Voltas

JSW Energy

The company informed that it has completed the streamlining and reorganisation of its renewable and thermal power businesses.

Credit: BCCL

Steel Authority of India (SAIL)

The company has approved an interim dividend of ₹2.5 per share for the current financial year 2021-22.

Credit: Wikipedia

Mahindra & Mahindra

The automaker is looking to increase its stake in Carnot Technologies to 52.69 percent with an investment of around ₹14 crore.

Credit: Oil-India

Oil India

The company’s subsidiary Numaligarh Refinery will invest ₹6,555 crore for the implementation of the petrochemical project in Assam.

Credit: Oil-India

Adani Power

The company has completed the acquisition of Essar Power, a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, for ₹4,250 crore for 1200 MW power plant.

Credit: Adani-Power

Aviation stocks

Aviation turbine fuel prices have been hiked over 18.3 percent to a record high putting pressure on these company’s financials.

Credit: BCCL

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Shares of SpiceJet and InterGlobe Aviation (Indigo) will be in focus.

Credit: BCCL

Indiabulls Housing Finance

The company’s board will meet on March 22 to consider raising funds via bonds, in one or more tranches, on a private placement basis.

Credit: Indiabulls-Housing-Finance

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