Top stocks in focus: Reliance Industries, Axis Bank, Bharti Airtel, DLF, auto stocks

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Mar 01, 2021 07:03 IST India Infoline News Service

Stocks In Focus
Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly owned subsidiary of Reliance Industries Limited, announced that it has acquired additional equity stake in its investee company skyTran Inc. (“skyTran”) for a consideration of USD 26.76million.

Axis Bank Limited (“the Bank”) has entered into a Memorandum of Understanding (MoU) amongst members of the consortium seeking to set up a Pan-India (National) Umbrella Entity (“NUE”) for Retail Payments.

DLF plans to offer non-convertible debentures aggregating to Rs395cr.

Airtel Digital Limited, wholly owned subsidiary of the Bharti Airtel has agreed to subscribe to 5,000 equity shares (10%) in Ferbine Private Limited.

Auto stocks in focus as automakers will announce their February sales data.

KEC International Ltd has secured new orders of Rs1,140cr across its various businesses.

Zensar Tech received board approval for the Divestment of 100% equity shareholding in Aquila Technology Corp.

ICRA has withdrawn its rating on the Rs750cr NCDs at a United Spirits request as there was no outstanding against the facility.

NXTDIGITAL Limited inducts Vynsley Fernandes, CEO Media Group on to the Board. Elevates him as Managing Director & CEO.

PSP Projects Limited (‘the company’) has incorporated a wholly owned subsidiary in the name and style of ‘PSP Foundation’.

Indian Oil Corporation will invest Rs32,946cr to expand Panipat refinery capacity to 25 million tonne per year from 15 million tonne per year earlier.

Acacia II Partners LP & Others reduced stake in BL Kashyap and Sons to 2.47% from 4.91% earlier.

Affle (India) approved the fundraising of upto Rs1,080cr.

Investor CDC Group PLC reduced stake in Equitas Holdings to 5.23% from 7.84% via open market sale.

Tata Chemicals appointed Nandakumar S Tirumalai as the Chief Financial Officer after John Mulhall was elevated to Managing Director & CEO of subsidiary Tata Chemicals North America, Inc.

Acrysil commences commercial production of additional 1 lakh units after completion of capacity expansion of Quartz kitchen sinks at Bhavnagar plant in Gujarat from 5 lakh units to 6 lakh units per annum.

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