CNBC-TV18's top stocks to watch out for on March 17

SUMMARY

The Indian market may open flat today. The SGX Nifty was trading 23.50 points or 0.16 percent higher at 14995.50, at 7:31 am. Here are the top stocks to watch out for in trade today:

By CNBC-TV18Mar 17, 2021 7:36:19 AM IST (Published)

Vedanta | Vedanta Resources Plc raised the open offer price for buying Vedanta’s shares to Rs 235 per share and offer size to 651 million shares representing 17.5 percent stake in the company.

SBI | The Reserve Bank of India has imposed a penalty of Rs 2 crore on the bank over “deficiencies in regulatory compliance”.

BPCL | The company has declared a second interim dividend of Rs 5 per equity share for FY21 and has fixed 27th March as the record date for the dividend.

Bharat Forge | The company said it intends to undertake electric vehicle (EV) business through a special purpose vehicle, which would be a wholly-owned subsidiary of the company. As an initial step, the company will acquire newly formed group firm Kalyani Powertrain Pvt Ltd (KPPL).

Dalmia Bharat | The Supreme Court ordered IL&FS Securities Services (ISSL) to release mutual fund units worth Rs 344 crore to the Dalmia Bharat Group.

BEML | The company has received orders worth $23 million from Cameroon, Bangladesh for construction equipment.

Godrej Properties | The company has raised Rs 3,750 crore through the sale of shares to institutional investors to expand the business and support future growth.

Apollo Tyres | The company has launched a new range of tyres for the fast-growing compact SUV segment.

Kesoram Industries | The company has completed raising close to Rs 2,063 crore through NCDs and OCDs to a private placement.

Shriram City Union Finance | The company has approved raising up to Rs 500 crore via NCDs.

Indi Grid Trust | The company’s board has approved a proposal to raise up to Rs 5,300 crore through term loans and issuance of debentures.

Karur Vysya Bank | The company’s promotor S Nirupama pledged 40,000 shares of the company on March 12, 2021, with Bajaj Finserv.

PNB Gilts | Rating agencies ICRA and CRISIL reaffirmed the credit ratings of “ICRA A1+” and “CRISIL A1+”, respectively, assigned to Rs 1,000 crore commercial paper programme of the company.