To Watch

Stocks To Watch

Maruti Suzuki India: To increase prices across models from April 1 owing to rise in input costs. This will be the second price hike undertaken by India's largest Passenger Carmaker after the one taken at the start of the year. The company had hiked vehicle prices by up to Rs 34,000 in January.

BPCL: Board has approved the Scheme of Amalgamation of Bharat Gas Resources with the company and their respective shareholders. The approval to the scheme is subject to receipt of necessary approvals from the Ministry of Corporate Affairs, other competent authorities and satisfaction of applicable regulatory requirements.

Mahindra & Mahindra: The Ministry of Defence has signed a contract with Mahindra Defence Systems for supply of 1,300 Light Specialist Vehicles to the Indian Army at a cost of Rs 1,056 crore. The induction of the vehicles is planned to be completed over a period of four years.

Edelweiss Financial Services: Has announced completion of a strategic investment by PAG in Edelweiss Wealth Management. PAG has made an investment of Rs 2,366 crore in the wealth management business, including primary and secondary investment. Pursuant to these transactions, PAG Group and the company will be the shareholders in EWM, of which PAG will hold a controlling stake. Further, the board will meet on March 25 to consider interim dividend for FY21, if any.

KEC International: Has secured new orders worth Rs 1,429 crore across its various businesses. The company has secured orders worth Rs 701 crore for Transmission & Distribution projects while the railways business has secured orders worth Rs 366 crore. The company has also secured orders worth Rs 318 crore for infra works and worth Rs 44 crores for various types of cables. With these orders the company's current year order inflows have exceeded Rs 11,000 crore.

Varroc Engineering: Launches QIP on Monday in order to raise funds. The floor price of Rs 395.41 per share is a 2.83% discount to Monday's closing price. The board will meet again on or after March 25 to consider and approve the issue price for the QIP.

Tata Communications: The government has exited its shareholding in the company after selling its entire 26% stake. 16.12% stake was sold through the OFS, which fetched the government Rs 5,457 crore and the remaining 10% was sold to a strategic partner at the OFS discovered price for a sum of Rs 3,389 crore. The entire 26% stake sale has fetched the government Rs 8,846 crore.

BEML: The Disinvestment Secretary wrote on a social media post that the company's planned privatisation has received multiple Expressions of Interest. The transaction will now move to its second stage.

SBI Life Insurance: Board to meet on March 25 to consider interim dividend for FY21, if any. The record date for the same is April 5, 2021.

Vaibhav Global: Board has approved sub-division of one equity share of face value of Rs 10 each into five equity shares of Rs 2 each, subject to shareholders' approval.

Forbes & Company: Board has re-appointed Mahesh Tahilyani as Managing Director of the company for a further period of five years with effect from April 28, 2021.