Singapore’s exchange-traded Nifty50 futures contract fell 0.7 percent to 15,732.5 at 6:56 a.m., indicating a lower open for Indian stocks. The market sell-off increased for another session on Monday as benchmark indices, as well as broader markets, corrected more than 2 percent, tarnished by concerns about growth and inflation. In the commodities market, oil prices soared to a 13-year high on fear of a possible ban by the US and allies on Russian oil and natural gas. The BSE Sensex fell 1.491 points, or 2.74 percent, to 52,843, while the Nifty50 corrected 382 points, or 2.35 percent, to 15,863.
Here is a list of stocks to watch out for in today’s trading:
Great Eastern Shipping Company
The company said its subsidiary Greatship (India) has signed a contract to sell the 2010-built R-class Platform supply vessel ‘Greatship Rohini’ for scrapping. Greatship Rohini was damaged by a fire incident on board in February 2021. The vessel is expected to be delivered to the buyer in Q4 FY22.
TCS
TCS plans to overhaul its organizational structure with specialized groups aimed at helping both startups and large global companies as Asia’s largest software outsourcing provider aims to double its revenue to $50 billion by 2030, according to a report.
Natco Pharma
The pharmaceutical company launched its first generic version of Revlimid (Lenalidomide capsules) in the US market. These capsules are available in 5 mg, 10 mg, 15 mg and 25 mg strengths. The medicine is used to treat multiple myeloma in combination with the medicine dexamethasone, certain myelodysplastic syndromes and mantle cell lymphoma after a specific prior treatment.
Metro brands
The company has approved an interim dividend of Rs 1.50 per share on the par value of Rs 5 each for FY22. The record date has been set at March 19 to determine whether shareholders are eligible for an interim dividend payment.
NLC India
The company has announced an interim dividend of Rs 1.50 per share for the 2021-22 fiscal year.
L&T
Infrastructure giant Larsen & Toubro launched its own B2B e-commerce platform L&T-SuFin that will sell industrial products.
Arihant Superstructure
Deepak Lohia has resigned as the company’s chief financial officer. The company has already sought Rajendra Pawar to take up the position of CFO. The proposal will be retained for appointment as CFO at the next board meeting.
Dodla Dairy
The dairy said the board has approved the purchase of assets, businesses and factories and machinery up to Rs 55 crore. It has also approved funding for subsidiaries Orgafeed and Dodla Dairy Kenya, each of up to Rs 40 crore.
Sun TV Network
Sun TV Network Ltd said Monday that the board has approved an interim dividend of Rs 5 per share for the current fiscal year 2021-2022.
Oil stocks
Fears of a ban on Russian oil have led to a rise in the price of crude oil. This has been beneficial to oil marketing companies such as ONGC, Gail and a few others.
Disclaimer:Disclaimer: The expert opinions and investment tips contained in this News18.com report are their own and not those of the website or its management. Users are advised to contact certified experts before making any investment decisions.
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