Stocks to watch on March 3 — RIL, Airtel, Vodafone-idea, Jindal Steel, V-Mart, and others

Mar 3, 2021

By: Navdeep Yadav

​Jindal Steel places bids to acquire Anil Ambani’s bankrupt Reliance Naval & Engineering.

The steelmaker said Reliance Naval can be a captive client for the company’s shipbuilding plates.

Credit: BCCL

​Government to divest 10 percent equity stake in Ircon International.

The offer for sale of Ircon will open during March 3-4. The floor price has been set at ₹88 per share.

Credit: BCCL

​Reliance Industries, Bharti Airtel, Vodafone Idea in focus.

Jio acquired 488.35 MHz of spectrum for ₹57,122 cr, Airtel 355.45 MHz at ₹18,698.75 cr, and Vi with 11.80 MHz for ₹1,993.40 cr.

Credit: BCCL

​Engineers India receives consultancy projects worth ₹600 crore.

The project involves the capacity expansion of Panipat Refinery from 15 million metric tonnes per annum (MMTPA) to 25 MMTPA.

Credit: BCCL

​ ​V-Mart Retail opens new store in Bihar.

With this, the total number of stores in the country stands at 273.

Credit: BCCL

​Bharat Forge to be in focus during the trade.

The heavy-duty Class 8 Truck orders in the US rose 209 percent to 44,000 units in February from 14,243 units during the same period last year.

Credit: BCCL

​Bank of Baroda closes ₹4,500 crore qualified institutional placement.

The issue price is set at a 5 percent discount to the floor price of ₹85.98 per share.

Credit: BCCL

​JB Chemicals & Pharmaceuticals plans expansion of bigger brands beyond tier-2 towns.

The company also revealed that it plans to ramp up its field force productivity by 12-14 percent from current levels.

Credit: BCCL

​The ₹596 crore IPO of MTAR Technologies will open today for public subscription

The company has fixed the price band for the issue at ₹574-575 apiece.

Credit: BCCL

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