Top stocks to watch out for on March 15

Mar 15, 2021

By: Rounak Jain

Credit: BCCL

MTAR Technologies to get listed on the exchanges today

Ahead of the listing, the company’s stock is trading at a 90 percent premium in the grey market.

Credit: MTAR Technologies

Tata Communications stake to be sold by the government

Government will sell its entire 26.12 percent stake in the company – 16.12 percent through an offer for sale, and the rest to Panatone Finvest.

Credit: Tata Communications

Axis Bank to acquire stake in a health insurance company

Axis Bank will acquire a 9.9 percent stake in Fettle Tone LLP, one of the promoters of Max Bupa Health Insurance.

Credit: BCCL

JSW Steel reports an increase in steel production and sales

The company reported a year-on-year increase in sales by 14 percent while steel production increased by 18 percent to 6.53 lakh tons in February.

Credit: JSW Steel

SBI Cards and Payment Services to raise funds

The credit card company will raise up to ₹2,000 crore via bonds.

Credit: SBI Cards

Kotak Mahindra Bank declares dividend on preference shares

The bank’s board has approved a dividend on its 8.1 percent non-convertible non-cumulative preference shares, with the record date being March 19.

Credit: BCCL

RITES declares a dividend

The company has declared a dividend of ₹4 per share, with the record date set as March 20.

Credit: RITES

Dilip Buildcon to get bonus for early completion of project

The company has received a provisional certificate for its Karodi-Telwadi project, entitling it to a bonus of ₹5.08 crore.

Credit: Dilip Buildcon

Power Finance Corporation declares dividend

The government-owned power sector financial institution has declared a dividend of ₹4 per share, with the record date set as March 22.

Credit: Wikimedia

Vodafone Idea plans to raise funds get a TRAI jolt

The company’s plans to raise ₹25,000 from external investors has been delayed and it is now looking at bank loans instead.

Credit: BCCL

Buzzing stocks to watch out for on March 12