CNBC-TV18's top stocks to watch out for on March 18

SUMMARY

The Indian market is likely to open higher on Thursday tracking gains in global markets after the US Federal Reserve kept interest rates unchanged and projected a rapid jump in US economic growth this year. At 7:10 am, the SGX Nifty was trading 172.00 points or 1.16 percent higher at 14,943.50, indicating a positive start for the Sensex and Nifty50.

By CNBC-TV18Mar 18, 2021 7:29:49 AM IST (Published)

Indian Oil Corporation | The company has formed a joint venture with Israel’s Phinergy to manufacture Aluminum-Air systems in India and recycle used Aluminum to strengthen India’s energy security.

Punjab National Bank | The bank has incorporated a subsidiary PNB Cards & Services to undertake the non-financial support services related to the credit card business of the bank.

HPCL | Shuchi Anant Virya, which currently owns and operates EV charging hubs in Gurugram and Pune, has partnered with HPCL to set up a pan-India network of public Electric Vehicle (EV) charging points at its retail outlets.

IRCTC | The company said there has been no major impact of terminations of mobile catering contracts in the financial year 2020-21.

Bharat Heavy Electricals | The company has emerged as the lowest bidder for Rs 10,800 crore fleet mode tender floated by Nuclear Power Corporation of India (NPCIL) for the 6x700 MW Turbine Island package projects.

SBI Cards and Payment Services | CA Rover Holdings divested 4.25 percent stake in SBI Cards and Payment Services for Rs 3,943 crore through an open market transaction.

Cyient | The company has closed its New Zealand branch office.

HFCL | The company has bagged an order worth Rs 221.16 crore from Uttar Pradesh Metro Rail Corporation.

Somany Ceramics | The company approved an investment of Rs 45 crore for the expansion of its Kassar plant.

Union Bank of India | The state-run lender has partnered with retail brokerage house SMC Global Securities to offer online trading services to its customers.

Satin Creditcare Network | The company’s promoters have reduced their pledge percentage from 8.90 percent on July 16, 2020, to 3.09 percent as on March 16, 2021.

Indian Metals & Ferro Alloys | ICRA has upgraded the credit rating on the company’s long-term and short-term loan facilities from the banks.