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Stocks to watch: Bank of Baroda, Bharti Airtel, Adani Ports, L&T, M&M, RIL

Here's a look at the top stocks that may trade actively in today's session -

SI Reporter  |  New Delhi 

Markets roar back after Budget shock; Sensex zooms 917 pts, Nifty at 11,980
The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay

At 08:40 am, Nifty futures on the Singapore Exchange were trading 10 points or 0.09 per cent lower at 11,237, indicating a flat start for the Indian market on Thursday.

Here's a look at the top stocks that may trade actively in today's session -

Bank of Baroda: Global rating agency Moody’s has downgraded Bank of Baroda (BoB)'s baseline credit assessment (BCA) from “ba2” to “ba3” on weakening asset quality and further risks from the deteriorating operating environment in India. The agency said deterioration in asset quality poses risks to BoB's profitability and capital.

Bharti Airtel, Vodafone Idea: The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay, PTI reported quoting sources.

L&T: Construction and engineering major Larsen & Toubro (L&T) is set to reduce its debt by Rs 30,000 crore in the next financial year by selling its entire stake in L&T Infrastructure Development Projects (IDPL) and Nabha Power, and transferring its stake in Hyderabad Metro to an infrastructure investment trust (InvIT).

Adani Ports: The company's board has approved interim dividend of Rs 3.2 apiece.

Mahindra & Mahindra (M&M): In a regulatory filing, the company informed that the automotive industry and the operations of the Company in the automotive sector have been adversely affected by the general economic slowdown through the Financial Year 2019-20 and BS-VI transition related challenges during the last 3-4 months. Further, outbreak of coronavirus in China and Occurrence of fire at a plant of a major supplier of the Company at Chakan estimated to result into reduction in production / sales volume.

Reliance Industries: Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries Limited ('RIL' or 'the Company'), has acquired 7,86,191 equity shares representing 100 per cent of the equity share capital of Shri Kannan Departmental Store Private Limited (SKDS) for a consideration of Rs 152.5 crores.

DLF: The company will meet on March 7 to consider and approve the proposal of offering NCDs worth Rs 1,000 crore.


Deepak Nitrite: The comopany has fixed March 17, 2020 as the Record Date for ascertaining entitlement of the equity shareholders for the payment of Interim Dividend of Rs. 4.50 per Equity Share of Rs 2.

Indusind Bank said that a meeting of the board of directors of the Bank will be held on 9 March 2020 to consider and approve raising of funds

Tata Steel: The Company is scheduled to meet on March 9 to consider and approve issuance of unsecured Non-Convertible Debentures on private placement basis.

First Published: Thu, March 05 2020. 08:42 IST
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