Buzzing stocks to watch out for on March 16

Mar 16, 2021

By: Rounak Jain

Credit: BCCL

Adani Ports & SEZ bags Columbo port contract

The company will develop the West Container Terminal in partnership with John Keells Holding PLC and Sri Lankan Port Authority.

Credit: Adani Ports & SEZ

Mishra Dhatu Nigam declares a dividend

Equity shareholders will get a dividend of ₹1.2 each for the year 2020-21.

Credit: Wikimedia

Tata Communications

The government’s offer for sale goes live today at a floor price of ₹1,161.

Credit: Tata Communications

AU Small Finance Bank

It has closed its qualified institutional placement of ₹625 crore at an issue price of ₹1,251 per share.

Credit: AU Small Finance Bank

Max Healthcare Institute

The company has acquired an additional stake of 42.8 percent in Saket City Hospitals for $64 million.

Credit: Wikimedia

Shipping Corporation of India

LIC offloads a stake of 2.01 percent through open market transaction.

Credit: BCCL

HFCL

It is set to acquire a 50 percent stake in Nimpaa Telecommunications, a Tamil Nadu-based cable reinforcement company.

Credit: HFCL

NIIT

Its US subsidiary has signed a contract with a US-based financial services company to offer learning services.

Credit: Wikimedia

Godrej Properties

It has closed its qualified institutional placement at ₹1,450 per share, which is at a discount of 4.2 percent to the floor price.

Credit: Godrej

Allcargo Logistics

It has declared a dividend of ₹2 per share, and sold 100 percent stake in its subsidiary Bantwal Warehousing.

Credit: Wikimedia

Top stocks to watch out for on March 15