After 6 consecutive days of rise, the market saw a little lethargy and the index closed without any major changes. In today’s trade, investors will have a special eye on companies like Maruti Suzuki, ONGC, Ireda, Federal Bank, TVS Motor, because important news related to them has come out. Let’s know which stocks will be in the news today and why-
Today’s top stocks and their big news
Maruti Suzuki: The company has received a tax notice of ₹ 2,666 crore for FY22, but the company says that it will not have any effect on their finance.
NBCC: Government company NBCC has received a contract of ₹ 439 crore from Uttarakhand Investment Board.
Federal Bank: Bank will buy 4% stake in Ageas Federal Life Insurance. About ₹ 97.4 crore will be spent for this.
Ireda: The company issued a bond and raised ₹ 910 crore. This amount will help increase the Tier-2 capital and strengthen the net worth.
ONGC: ONGC will invest ₹ 3,300 crore in its subsidiary ONGC Green, which will acquire Ayana Renewable Power.
TVS Motor: The company’s Singapore unit purchased 8.26% and stake in GO Corporation, Switzerland. The deal was done for around ₹ 4.6 crore.
DLF: DLF subsidiary purchased 49.997% stake in DLF urban for ₹ 496.73 crore.
Wari Energy: The company will launch a 5.4 GW solar cell plant on March 29 in Navsari, Gujarat.
Indies: Its Ireland unit bought MJL Communications Group for around ₹ 35 crore.
BHEL: The company enhances its technology agreement with the American firm Vogt Power. This heat recovery is for steam generator (HRSG) construction.
NTPC Green: The company declared 100 MW part of the Bhainsada Solar Project as a commercial operation. This project is of a total of 320 MW.
Arvind SmartSace: The company sold 200 plots in its project ‘The Park’ in Bangalore for ₹ 180 crores.
Today, the impact of the news of these companies can be seen in the market. Investors need to be vigilant!
