Stocks to watch: The SGX Nifty50 edged higher on Monday suggesting a good start for Dalal Street. The futures contract was up 0.4% at 16,720.5 as of 7:16 a.m. Shares of Bharti Airtel, Hindalco Industries, Fortis Healthcare, IndusInd Bank, IRCON International and SJVN were among the most watched stocks in trade today. Here’s a list of stocks to watch today:
Hindalco Industries | The aluminium giant has reached an agreement with Brazilian company Terrabel Empreedimentos to sell its entire stake in downgraded wholly-owned subsidiary Hindalco Do Brazil Industria Comercia de Alumina LTDA.
Fortis Medical | Rating agency CRISIL has upgraded the private hospital chain’s long-term rating to “AA-” from “A+”, with a focus on the ratings on changing impact. In addition, the short-term rating was upgraded from “A1” to A1+, and the evolving impact rating is under the spotlight.
Hinduism Global Solutions | Subsidiary HGS International Mauritius has completed the acquisition of Australian company Diversify. In January, its affiliate entered into a definitive agreement to acquire a 100% stake in Diversify Offshore Staffing Solutions Pty Ltd in Australia.
Industrial Bank | Buyout group TPG has reportedly joined forces with Hinduja family-owned IndusInd Bank and a private development company of the lender to form a consortium and bid for IDFC’s mutual fund business.
SJVN | The government has given in-principle approval to SJVN to develop a 400 MW solar farm at Kinnaur. These projects will help SJVN achieve its ambitious shared vision of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW by 2040.
IRCON International | The company has won an order of Rs 1,780 crore for road construction from Paletwa (Myanmar) to Zorinpuri (Mizoram) under the Kaladan Multimodal Transport Project (KMMTTP) in Myanmar under the EPC model. Ministry of Foreign Affairs, Government of India.
Complete News Source : CNBC
