CNBC-TV18's top stocks to watch out for on March 5

SUMMARY

The Indian market is likely to open lower on Friday following losses in global peers as rising bond yields continue to spook investors. At 7:00 am, the SGX Nifty was trading 249.50 points or 1.66 percent lower at 14,821.50, indicating a weak start for the Sensex and Nifty50.

By CNBC-TV18Mar 5, 2021 7:29:19 AM IST (Published)

Heranba Industries | The company’s shares will be listed on exchanges today. The issue price has been fixed at Rs 627 per share.

Wipro | The IT major will buy British consultancy firm Capco for $1.45 billion.

Tata Consultancy Services | The IT major has announced the launch of a suite of COVID-19 testing and vaccine management solutions that streamlines stages of the end-to-end testing and vaccination journeys.

Kotak Mahindra Bank | The bank has signed an MoU with the Indian Army to handle the salary account of the Indian army personnel.

Indian Bank | The lender has reported three accounts as fraud to the RBI with a total outstanding of over Rs 35 crore.

Unichem Labs | The company has received ANDA approval for its Guanfacine tablets, from USFDA to market a generic version of TENEX (Guanfacine) tablets of Promius Pharma LLC. Guanfacine tablets are indicated in the management of hypertension.

Mindspace Business Parks REIT | The company plans to raise up to Rs 450 crore through the issue of debt securities.

Indiabulls Housing Finance | The company has raised USD 150 million (Rs 1,091 crore) by issuing foreign currency convertible bonds.

Laurus Labs | Dr Satyanarayana Chava, Founder Promoter, CEO & ED, sold shares worth Rs 191.67 crore of the company and Nagarani Chava, one of the promoters of the company sold shares of Rs 66.04 crore. A significant part of the amount will be utilised to release the pledge on their equity shares of the company.

ISGEC Heavy Engineering | The company has received an order for waste heat recovery boilers from Shree Cement.