Markets are likely to open marginally in the green on Friday as investors remain concerned about the prospect of further Russian energy sanctions and the potential impact on global economies, including India. As of 07:45 AM, the SGX Nifty March futures contract is trading at 17,300 levels, indicating an opening 50 pips profit for Nifty50.
In the meantime, here are some stocks that could see potential market movement today:
cars companies: Reliance New Energy Solar, Ola Electric, Hyundai Global and Rajesh Exports are among the four companies selected for the Rs 18,100 Production Linked Incentive (PLI) scheme for advanced chemistry (ACC) battery storage.
The five companies that failed to bid for the scheme – Mahindra and Mahindra, Larsen & Toubro, Amara Raja Batteries, India Power Corp and Exide Industries – are being put on the waiting list. Read the story
lors labsLaurus Labs has received FDA approval to market HIV-Kaletra tablet.
Tata Consumer ProductsThe company’s board of directors will consider raising funds by issuing shares of up to 1.5 percent of the paid-up capital of a foreign company on March 29, 2022.
bank hub: The Securities and Exchange Board of India (SEBI), on Thursday, imposed a fine of Rs 5,000 on Axis Bank for breaching the Commercial Banking (MB) regulations. It goes back to between August 2016 and August 2019. I read here
oil companies: India’s major fuel retailers IOC, BPCL and HPCL together lost about US$2.25 billion (Rs.19,000 crore) in revenue between November and March by keeping petrol and diesel prices unchanged, Moody’s Investors Service said Thursday. The sharp rise in crude oil prices. Read more
Moreover, today’s gasoline and diesel prices increased by an additional 80 pounds.
Exide IndustriesChloride Metals Ltd, a wholly owned subsidiary of the company, has commenced commercial production at its newly established new battery recycling manufacturing facility in Haldia, West Bengal. The total production capacity of the plant is 108000 metric tons per year
millimeter: The National Corporations Law Tribunal (NCLT) has approved the merger of the Mahindra Engineering & Chemical Products, Retail Initiative Holdings and Mahindra Retail subsidiaries with the company.
Mutherson Sumi: The company won an order to manufacture and supply spare parts for commercial aircraft from the inside. This is her first order from Boeing.
Calpataro power transmission: Reports said SBI Funds bought 14.5 thousand shares in the company and increased its stake to 7.25 percent from 6.27 percent earlier.
Gulshan polyols: The company raised Rs 79 crore via QIP. It agreed to issue price of Rs 326.48 per share, discounting 5 per cent to the minimum price of Rs 343.66.
Zen Techniques: The company has received a Project Punishment Order (PSO) from the Indian Army, to design and develop a prototype Air Defense Integrated Combat Simulator (IADCS).
GTPL Hathway: The company announced its partnership with Verimatrix to introduce the Video Content Authority System (VCAS) to protect its Google Android TV-based device.
GR Infra: The company has received a letter of award for the new NHAI project in MP. Project bid cost is Rs 907 crore.
Kohinoor foods: The Board of Directors approved the sale of the company’s plant unit in Sonepat (Haryana), via a slow sale, and appointed Chashu Arora, a chartered accountant, as the company’s chief financial officer.
Anjani Foods: The company has entered into a joint venture agreement with Cinta Food Work for the joint venture in which Anjani Foods owns a 51 percent stake and Quinil 36 Foodworks holds the rest. They have formed a joint venture to engage in bakery products business.
Stocks in F&O . Ban: Balrampur Chini Mills, Delta Corp, Indiabulls Housing Finance, Vodafone Idea, L&T Finance Holdings, SAIL and Sun TV Network—are subject to an F&O ban.