ONGC, Hero MotoCorp, Tata Consumer Products among hot stocks to watch out for on March 30

Mar 30, 2022

By: bhakti.makwana@timesinternet.in

Credit: BCCL

ONGC

The government looks to sell up to 1.5 percent stake in the oil and gas producer and raise ₹3,000 crore on March 30 and March 31. The floor price for the offer has been fixed at ₹159 per share.

Credit: IDBI Bank

Hero MotoCorp

The company will increase the ex-showroom prices of its motorcycles and scooters, with effect from April 5, 2022, to partially offset the impact of higher commodity prices. The price revision will be up to ₹2,000 and the exact quantum of increase will be subject to specific models and the market.

Credit: IDBI Bank

Tata Consumer Products

The company said it will reorganise its India and overseas businesses to bring its overseas operations under the flagship company.

Credit: IDBI Bank

Rail Vikas Nigam

The company has signed an agreement with Jaykaycem (Central), a wholly owned subsidiary of J. K. Cement, for development of approx. 50 km of new Railway line between Devendra Nagar and Puraina in West Central Railway in Madhya Pradesh.

Credit: IDBI Bank

IDBI Bank

The board of directors has approved for divestment of bank’s stake upto 11.10 percent in National Securities Depository Ltd. (NSDL) through a market driven process. Also, it approved selling the bank's entire stake in Ageas Federal Life Insurance Company to Ageas Insurance International NV.

Credit: IDBI Bank

InterGlobe Aviation

Jiten Chopra has resigned as chief financial officer (CFO) of the company. Meanwhile, the company has approved the appointment of Gaurav Negi as the new CFO.

Credit: Lemon Tree Hotels

Lemon Tree Hotels

The company has signed a licence agreement for a 132-room hotel project at Rishikesh in Uttarakhand under the Company’s brand Aurika Hotels & Resorts — Luxury by Lemon Tree Hotels. The hotel is expected to be operational by March, 2025.

Credit: Lemon Tree Hotels

Punjab National Bank

The board of directors has approved raising ₹12,000 crore through issue of bonds.

Credit: BCCL

Strides Pharma Science

R Ananthanarayanan has resigned as managing director and CEO of the company, to pursue his personal interests. Meanwhile, Arun Kumar, the founder and chairperson (non-executive director) of the company, has been appointed as the executive chairperson and MD.

Credit: BCCL

Tata Power, ICICI Bank, Aurobindo Pharma among stocks to watch out for on March 29