Closing Index

 

22 Mar 21 

BSE CLOSED @ 49771.29 ❌ 86.95 Points 

NSE CLOSED @ 14736.40 ❌ 07.60 Points 

BankNifty Closed 33603.45 ❌ 558.15 Points 

India VIX Closed 20.4925 ✅ 0.5050 Points.

To Watch

Stocks To Watch 

Tata Motors: Former Daimler AG manager Marc Llistosella will not be joining the company as its next Managing Director & CEO as previously announced. Guenter Butschek to continue as the Managing Director & CEO till June 30, 2021.

Power Grid Corporation Of India: Has signed a Share Purchase Agreement with Jaiprakash Power Ventures for acquisition of 74% stake of JVPL in Jaypee Power Grid at an aggregate cost of Rs 351 crore. Subsequently JPL will become a wholly owned subsidiary of the company.

Bharat Dynamics: Ministry of Defence has signed a contract with the company for supply of Milan-2T Anti-Tank Guided Missiles to Indian Army at the cost of Rs 1,188 crore.

Majesco: Aurum Platz makes an Open Offer to public shareholders to acquire up to 74.43 lakh shares or 26% of the total equity. The offer price of Rs 77 per share is at a premium of over 21% to Friday's closing price. On full acceptance of the open offer, the total consideration paid will be Rs 57.31 crore. Aurum Platz entered into a share purchase agreement to acquire the entire 14.78% stake held by the company's promoters for a cash consideration of Rs 32.6 crore, thereby triggering the open offer. As per the December shareholding pattern, public shareholding in Majesco stood at 85.22%.

Future Group: Filed a appeal against a Delhi High Court ruling pertaining to the sale of its assets to Reliance Industries.

JSW Energy: A wholly-owned subsidiary of the company, JSW Future Energy, has received Letters of Award for a total wind capacity of 450 MW from Solar Energy Corporation of India against Tariff based Competitive Bid invited by SECI for setting up of 1,200 MW ISTS-connected Wind Power Projects (Tranche - X).

In News

Stocks in the news

Bharti Airtel: Bharti Airtel on March 19 entered into an agreement for the acquisition of 17,43,560 (representing 7.48 percent of paid up equity) equity shares in Sandhya Hydro Power Project Balargha Private Limited, a special purpose vehicle (SPV).

Adani Green Energy: Adani Green Energy, one of the largest renewables companies in India, signed a share purchase agreement for acquiring a 100 percent stake in an SPV holding 50 MW operating solar project of the Toronto-headquartered SkyPower Global.

JSW Energy: JSW Energy said its subsidiary JSW Future Energy, earlier known as JSW Solar, received orders for a total wind capacity of 450 MW from Solar Energy Corporation of India (SECI).

Bharat Dynamics: State-owned defence company Bharat Dynamics has signed a contract for the production and supply of Milan-2T Anti-Tank Guided Missiles. The contract value is Rs 1,188.12 crore.

Infibeam Avenues: Promoter entity O3 Developers sold 0.39 percent equity stake in Infibeam Avenues via open market transaction on March 17. Non-promoter Varini Patel offloaded 32.50 lakh equity shares in the company on March 17.

PNC Infratech: CARE Ratings has assigned credit rating on the bank facilities of the company's subsidiary, PNC Gomti Highways, as 'A'. The rating agency assigned 'stable' outlook on the bank facilities of Rs 559.30 crore.