Stocks to watch: PVR, Inox, Airtel, Emami, DLF, HDFC Bank, Gail India, PSU

Major benchmarks are likely to start trading with marginal gains as shown by SGX Nifty. As of 07:00 AM, the SGX Nifty March futures were trading at 17225, indicating a gain of 50 single points on the NSE Nifty 50 at the opening bell. Meanwhile, here are the stocks to focus on in Monday’s trade.

Airlines: Airlines-related stocks are likely to be in focus as Indian skies opened to scheduled international flights on Sunday, after a two-year gap, providing more travel options for passengers and better revenue opportunities for airlines struggling with rising fuel prices. Read more

PSU shares: In an effort to drive monetization of non-core assets, the center has identified about 5,400 acres of plots of land for public sector projects (PSUs) such as BEML, Shipping Corporation of India (SCI), Bharat Sanchar Nigam (BSNL) and MTNL, among others. Read more

PVR, INOX Leisure: The Board of Directors of PVR Limited (PVR) and INOX Leisure Limited (INOX) on Sunday approved the consolidation of all shares of INOX with PVR at their respective meetings.

Ajay Bigley will be appointed as Managing Director and Sanjeev Kumar as Executive Director. Siddharth Jain will be appointed as a non-executive and non-independent director of the joint entity.

The management of both companies expects the merger to take place in the next six to nine months. Inox shareholders will receive three shares of PVR in exchange for 10 shares of Inox, according to a stock exchange filing. Read more

India generation: The company has scheduled a meeting of its board of directors for March 31, 2022, to consider a proposal to buy back equity shares.

DLF: The major real estate company is planning to invest around Rs 2,000 crore to build two new malls in Gurugram and Goa, as it sees huge growth potential in organized retail as the economy opens up after a significant drop in COVID-19 cases. Read more

ICICI Lombard: The private insurer joined the race along with 53 other firms including Tata AIG, Nippon Life and foreign financial firms to acquire the profit-bearing insurance arms of Reliance Capital, which was placed last year under management due to defaults and governance issues. The bidding parties can either bid to purchase the entire company or any one or more of its eight groups.

Tata Consumer Products: The FMCG player says he will continue to look at acquisitions to become a big player in the packaged foods business. The company recently acquired Kottaram Agro Foods, which includes the Soulfull brand, and Tata SmartFoodz, which owns food products in the luxury dining space. Read more

Bharti Airtel: The major private telecom operator will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for around Rs 2,388 crore, according to the company filing. The transaction will be executed at a price of Rs 187.88 per share.

Further, the company has paid Rs 8,815 crore in advance of spectrum receivables to reduce interest expense. This is Airtel’s second advance in the past three months and comes on the back of strong cash flow generation, equity injections and borrowing at significantly lower interest rates. Read more

HDFC Bank: One of the largest private bankers in India is planning to raise up to Rs 5,000 crore through additional Tier 1 bonds for capital adequacy and business growth. Care Ratings has assigned the lender’s Basel III tier 1 bond an ‘AA+’ rating.

SpiceJet, GMR Group: Both companies are partnering with Boeing and French companies, respectively, to explore opportunities to develop and use sustainable aviation fuels (SAF). These initiatives come against the backdrop of the aviation industry’s call to reduce carbon emissions. Read more

In front of me: The company owns Reckitt’s Dermicool brand of thermal prickly talc for Rs 432 crore. The deal will be funded by internal benefits, the largest by Emami after “Kesh King” hair and scalp products (2015), and Zandu Pharma (2008). Read more

Vedanta: Anil Agarwal spearheaded major mining plans to invest $1.5 billion in the oil, gas, zinc and steel businesses. Vedanta said in a statement to the stock exchange that the company agreed at its board of directors meeting on Friday to spend $687 million to drill new wells in the company’s oil and gas unit, Kern Oil & Gas.

Total Adenoid Gas: The company, a joint venture between the Adani Group and TotalEnergies SE, has entered the electric mobility infrastructure sector with the launch of the first electric vehicle charging station in Ahmedabad. Read more

Roshi Soya: Monday is the last day to sign up for the follow-up public offer. The company is issuing shares in the price range of Rs 615-650 and the issue has so far been subscribed at 37 per cent.

Manapuram Finance: The Board of Directors of the company in its meeting on Sunday approved a proposal to raise up to Rs 7,800 crore by issuing non-convertible bonds in private placement and/or public issuance from time to time.

Aster DM Healthcare: The company has signed a non-binding Memorandum of Understanding with the Government of Tamil Nadu to invest up to Rs 500 crore to set up hospitals, pharmacies and laboratories in the state.

Stocks in F&O Ban: Indiabulls Housing Finance, L&T Finance Holdings, SAIL, Sun TV and Vodafone Idea are shares in the F&O lockdown period on Monday.

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