The SGX Nifty, which is now trading at 17,870 points, is indicating that equity benchmark indexes will start flat on Tuesday.
Internationally, despite the fact that the US equities markets were closed on Monday for Presidents’ Day, futures linked to Wall Street continued to plummet this morning. Dow futures, NASDAQ futures, and S&P 500 futures all fell up to 0.4%.
Asia-Pacific markets, however, followed suit and fell in early trading. The Nikkei 225, Topix, S&P 200, Kospi, and Kosdaq all lost up to 0.5%.
Here are some stocks to keep an eye on in trading today:
Adani Ports: Adani Group company Adani Ports & SEZ paid a Rs 1,500 crore loan and offered to repay more as the beleaguered conglomerate plotted a recovery plan following a sale prompted by a critical study by Hindenburg Research in the United States.In addition, it will pay another Rs 1,000 crore in commercial paper due in March (as per the payment scheme).
Adani Green: Adani Green Energy (AGEL) has decided to examine its Rs 10,000 crore capital expenditure (capex) plan for fiscal year 2023–24. (FY24). AGEL’s management said during a post-third-quarter results call with bondholders that this was a provisional aim that was still being reviewed.
Tata Motors: Tata Motors, India’s biggest electric passenger car maker, has agreed to deliver 25,000 electric vehicles (EVs) to ride-hailing business Uber, according to the company. The partnership is India’s biggest EV commitment between a car manufacturer and a ride-sharing company.
Vedanta: According to a source, major Indian conglomerate Vedanta and electronics manufacturing giant Foxconn have finalised the Dholera Special Investment Zone in Ahmedabad, Gujarat, for the establishment of their semiconductor and display manufacturing plants.
Tata Steel: The board of directors has authorised a Rs 2,150 crore cash raise via the issuance of NCDs.
ACC and Ambuja Cement: On February 21, ACC and Ambuja Cement will begin operations at their Gagal and Darlaghat factories in Himachal Pradesh. The two carriers in Himachal Pradesh reached an amicable conclusion to their freight rate dispute. This has paved the way for the reopening of cement facilities in Darlaghat and Barmana, which had been closed for 67 days.
Asian Paints: Its subsidiary Asian Paints (Polymers) pvt. Ltd. signed an agreement with the Gujarat government to establish a production facility for Vinyl Acetate Ethylene Emulsion (VAE) and Vinyl Acetate Monomer (VAM) in Dahej, Gujarat.
BEL: Delhi Metro has unveiled India’s first indigenously produced signalling system (I-Ats), which was created in collaboration with BEL for use on its initial corridor, the Red Line.
BEML: The business has signed a Memorandum of Understanding with a DMRC-led SPV for Bahrain Metro. BEML will be responsible for the production and delivery of Metro Rolling Stock under this agreement, while DMRC will offer experience in the areas of project planning, budgeting, and contractual duties.
Blue Star: Blue Star has established a subsidiary in Japan called “Blue Star Innovation Japan LLC” for the research and development of refrigeration cycles, control algorithms, and control boards for residential and commercial air conditioners and cold/hot water chillers. The total amount invested is around Rs 2.46 crore.
Genus Power: On February 19, 2023, the firm established a step-down subsidiary company called “Genus Assam Package-3 SPV Ltd” for the power infrastructure and distribution sector and business.
GR Infraprojects: The company was the lowest bidder for two NHAI projects totaling Rs 3613 crore.
BPCL: The firm expects to raise Rs 1,500 crore via NCDs in FY23.
Marine Electricals: Goa Shipyard has been awarded business contracts in the Marine Electricals sector worth Rs 13.94 crore.
JK Tyre: The board of directors has authorised the issuing of Rs 240 crore of compulsorily convertible debentures (with a 6% annual interest rate) to International Financing Corporation, which would be convertible into equity shares of the business at a conversion price of Rs 180.50.
IFL Enterprises: On March 9, 2023, the board of directors will look at a plan to split the company’s shares and give all of its members fully paid-up bonus shares.
