Top stocks to watch out for on March 8

Mar 8, 2021

By: Navdeep Yadav

​Warburg Pincus affiliate Windy Lakeside to invest ₹800 crore for a 0.49 percent stake in Adani Ports.

About 10 million equity shares will be allotted to the investment company at ₹800 each.

Credit: BCCL

​Aarti Drugs stands to be one of the beneficiaries of India’s Production Linked Incentive (PLI).

The company got approval for producing 2-Methyl-5Nitro-Imidazole (2-MNI) with a committed capacity of 4,000 MT per annum.

Credit: BCCL

​Cipla has voluntarily liquidated a wholly-owned step-down subsidiary Cipla (UK).

The company said liquidation was a part of internal reorganisation, and it will not affect the performance or revenue.

Credit: BCCL

​India’s largest iron ore company, NMDC, leaves the iron ore rates unchanged.

The price of lump ore unchanged at ₹5,100 per tonne and ₹4,210 per tonne for fines in its latest price revision.

Credit: BCCL

​India Grid Trust inks largest transmission deal with Sterlite Power.

It signed a share purchase agreement to acquire NER-II Transmission Limited from Sterlite Power for ₹4,625 crore.

Credit: BCCL

​Radico Khaitan reports that two of the alcohol storage tanks caught fire at its Rampur plant.

However, it said there is no material impact on revenues, but the production was stopped for a few hours.

Credit: BCCL

​DHFL auditor Grant Thornton finds another fraud of ₹1,424 crore.

The administrator has filed two additional affidavits with NCLT in connection with the disbursements made to certain entities.

Credit: BCCL

​Indian Bank to divest its stake in ASREC (India) as it is looking to raise ₹4000 cr through share-sale.

The bank holds a 38.26 percent stake in ASREC, and its board has approved a plan to fully or partly sell the stake.

Credit: BCCL

PVR plans to invest ₹150 crore to open up to 40 screens across the country in the next fiscal.

The company's target of having 1,000 operational screens has been pushed by a year due to the COVID-19 pandemic.

Credit: BCCL

​Online travel aggregator, EaseMyTrip's ₹510 core IPO to open today.

The grey market points towards a premium of ₹170-180 a share, over the issue price band of ₹186 - ₹187.

Credit: BCCL

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