Dalal Street is expected to open in the green as the SGX Nifty is trading half a percent in the positive at 7:52 am. Auto stocks, like M&M, Tata Motors and Maruti will be in focus as they reported their February sales over the weekend. GMR Infra and IRB Infra are also in focus. Here are some of the top stocks we are tracking at the opening bell.
Tata Motors Ltd on Sunday reported a decline of 34% in domestic sales at 38,002 units in February.
NTPC is in the news as 800 MW Unit 1 of Darlipalli Super Thermal Power Station Stage-I (2 x 800 MW) is operational from March 01.
Telecom operator Bharti Airtel on Saturday said that it has made an additional payment of Rs 8,004 crore towards adjusted gross revenue dues to the Department of Telecom (DoT).
GMR Infrastructure Ltd on Saturday said it will seek shareholders' nod for 49% stake sale to Groupe ADP in GMR Airports
M&M on Sunday reported a 42% decline in total sales at 32,476 units in February.
The country's largest carmaker Maruti Suzuki India on Sunday reported a 1.1% decline in sales at 1,47,110 units in February.
Religare Enterprises on Saturday said it has acquired additional 14.36% in Religare Finvest Ltd (RFL) from private equity investors.
The Thomas Cook board has approved a buyback of up to 2,60,86,956 fully paid-up equity shares at a price of Rs. 57.50 per share for a maximum aggregate consideration not exceeding Rs 150.00 crore.
IRB Infra has started toll collection from 1st March 2020 on both Expressway and NH-48 section of Mumbai-Pune Project.