Stocks In the News: Bharti Airtel, Reliance Industries, Hindalco and others

Stocks In the News: Check out the companies such as Bharti Airtel, Reliance Industries, Hindalco and others making headlines before the stock marker open.

Here are a dozen stocks which may buzz the most in today's trade:

Bharti Airtel: The telecom operator Bharti Airtel said it has signed an agreement to buy Vodafone's 4.7 per cent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing its dues towards the mobile tower company.

Reliance Industries: The company has effectively taken over the operations of Future Retail stores and has offered jobs to its employees. Reliance Retail has started to take possession of the premises in which Future Retail is operating its stores such as Big Bazaar and replaced them with its brand stores, said sources close to the development.

Hindalco Industries: Hindalco in pact with Brazilian firm. The aluminium major has entered into a share-purchase agreement with Brazilian firm Terrabel Empreedimentos Ltda to divest its entire equity shareholding in Hindalco Do Brazil Industria Comercia de Alumina LTDA (HDB), the wholly-owned step down subsidiary.

Patel Engineering: Patel Engineering arm sells Nepal arm. Patel Energy Resources, the wholly  owned subsidiary of the company, has divested its entire stake in Naulo Nepal Hydroelectric based in Nepal. With this, Naulo Nepal Hydroelectric ceased to be a subsidiary of the company.

Fortis Healthcare: The rating agency CRISIL has upgraded long term rating to 'AA-, from 'A+' for the private hospitals chain, and placed rating on watch with developing implications. Further, the short-term rating has been upgraded to A1+.

Rain Industries: The coal company posted loss of Rs 72.3 crore for the quarter ended December 2021 against profit of Rs 322 crore in year-ago period, as there was abnormal fall in net realizable value of inventories after change in the macro-economic conditions like effect of COVID-19 and fall in crude oil prices.

SJVN: The state-run power player said that it has won a 15 MW grid-connected floating solar PV power project in Bilaspur district of Himachal Pradesh. SJVN has bagged the full quoted capacity of 15 MW on 'build own and operate' basis through e-Reverse Auction held by Solar Energy Corporation of India.

Mahindra Lifespace Developers: Mahindra Lifespace Developers sees block deal. Kotak Mahindra Mutual Fund bought additional 2.19 lakh equity shares via open market transactions on February 23. With this, its shareholding in the company stands at 5.13 percent, up from 4.98 percent. The stocks gained 3 percent on February 25 to close at Rs 292.

Biocon: The company's arm to acquire Viatris’ biosimilars for $3.3 billion Biocon.

PSU Banks: Government to provide bulk of Rs 15,000 crore capital support to weak PSU banks.

Motilal Oswal Financial Services: Crisil upgrades credit rating of Motilal Oswal material subsidiaries. Rating agency Crisil has upgraded the credit rating of long-term debt instruments of the company's material subsidiaries.

The rating agency has upgraded the credit rating of Motilal Oswal Home Finance and Motilal Oswal Finvest 'AA' from 'AA-' and revised the outlook to stable from positive.

The rating takes into account Motilal Oswal Home Finance's healthy capitalisation profile, strong growth in disbursements and the improvement in its profitability, and Motilal Oswal Finvest's ability to scale up the business along with the group's strong market position in the equity broking business.

Shriram Transport Finance Company: The leading NBFC said it has raised Rs 900 crore by issuing bonds on a private placement basis and the proceeds from the issue will be used for further lending and other business purposes.

Beardsell: Company sees huge block deal. Promoter Anumolu Bharat sold 1.09 million shares in the company via open market transactions at an average price of Rs 12.56 per share on the NSE. As of December quarter, Bharat had a 5.4 percent stake, of which he has offloaded 4.8 percent in this quarter so far.

Steel Exchange India: Steel Exchange India sees block deal. France-based financial services company Societe Generale acquired 5.3 lakh equity shares, or 0.6 percent stake, in the company via open market transactions at an average price of Rs 214.48 a share.

Metro Brands: Metro Brands board meets on March 7. Rakesh Jhunjhunwala-backed firm said its board will meet on March 7 to consider an interim dividend for the financial year 2021-22. The record date for the payment of the dividend will be March 19.

Nuvoco Vistas Corporation: Nuvoco Vistas Corp sees block deal. An institutional broker BofA Securities Europe SA sold 3.06 million shares, or a 0.85 percent stake, in the company via open market transactions. These shares were sold at an average price of Rs 303 a share. BofA Securities had a 1.52 percent shareholding in the cement company as of December 2021.

Also Read : Biggest Retail companies List in India 2022

Ducon Infratechnologies: Ducon Infratechnologies announces bonus issue. The firm said the board declared the bonus issue of equity shares in the proportion of one equity share for every ten shares each held by shareholders. It has received fine notice of more than Rs 3 lakh from NSE and BSE for violation of regulations.

Huhtamaki India: The specialized flexible packaging and packaging solutions provider will announce its results for the quarter ended on December 31, 2021. Along with it, AJR Infra and Tolling and Indian Sucrose will also announce their earnings.

IIFL Securities: The NBFC player paid a settlement amount of over Rs 2 crore to markets regulator Sebi in order to settle a case. The company was alleged to have violated stocks brokers regulation as well as Prohibition of Fraudulent and Unfair Trade Practices regulation.

Union Bank of India: To tide over the challenges to meet business-related expenses by MSMEs, Union Bank of India and the National Payments Corporation of India (NPCI) have jointly launched a credit card for the borrowers, offering interest-free credit for up to 50 days.

Pharma Stocks: The leading homegrown drug makers Aurobindo Pharma and Sun Pharmaceutical Industries are recalling different products in the US market due to deviation from standard manufacturing norms.

Vodafone Idea: The telecom operator is re-aligning and streamlining its consumer digital resources to sharpen focus on driving operational scale and pace of delivery. VIL is proposing to bring all digital resources from different functions under a more 'holistic and integrated' consumer digital product curation and delivery organization.

Indian Oil Corp: The PSU major is planning three new plants in the Northeast to increase its LPG bottling capacity by nearly 53 per cent to eight crore cylinders annually by 2030 to meet the growing demand in the region.

Hero MotoCorp: The country's largest two-wheeler maker expects the two-wheeler segment to make a strong comeback next financial year with Omicron wave subsiding and a broader economic recovery in sight.

Vodafone Idea: The telecom operator is re-aligning and streamlining its consumer digital resources to sharpen focus on driving operational scale and pace of delivery. VIL stocks is proposing to bring all digital resources from different functions under a more 'holistic and integrated' consumer digital product curation and delivery organization.