Indian indices are likely to open in the green on Wednesday tracking gains in Asian peers on optimism that US stimulus will energise the global economic recovery. The SGX Nifty was also trading marginally higher, up around 0.2 percent over 15,000 suggesting an opening in the positive territory for the Indian market today.
Here are the buzzing stocks of the day:
Ircon International: The offer for sale of Ircon will open during March 3-4, the government will divest 10 percent equity stake in the company with an additional 6 percent as greenshoe option.
Reliance Industries, Bharti Airtel, Vodafone Idea: Reliance Jio acquires 488.35 MHz of spectrum for Rs 57,122.65 crore, Bharti Airtel 355.45 MHz at Rs 18,698.75 crore, and Vodafone Idea with 11.80 MHz for Rs 1,993.40 crore.
Jaiprakash Power Ventures: The company has approved disinvestment of 74 percent shareholding in the Jaypee Powergrid (A Joint Venture Company of Powergrid Corporation of India and the company).
Ruchi Soya Industries: Promoter Patanjali Ayurved Ltd created a pledge on 48.17 percent stake.
Engineers India: Indian Oil Corporation has awarded the project for execution of consultancy for overall project management and EPCM Services (Phase II) for capacity expansion of Panipat refinery from to Engineers India. The total awarded order value is around Rs 600 crore with a total project schedule of 40 months for mechanical completion.
Motherson Sumi Systems: CRISIL reaffirmed long term credit rating as AA+ and revised outlook from Negative to Stable.
Jindal Steel: Jindal Steel & Power Ltd. has submitted bids to acquire Anil Ambani's Reliance Naval and Engineering Ltd. It can be a captive client for Jindal's shipbuilding plates.
Cipla: Drug major Cipla on Tuesday said it has received final approval from the United States Food and Drug Administration (USFDA) for Sumatriptan Nasal Spray, indicated for the treatment of migraine attacks.
Hatsun Agro: The company's Solapur plant has begun commercial production. RG Chandramogan, Chairman of the company, said it will take 18-24 months to completely utilize the capacity of the plant.Bajaj Auto:
Bajaj Auto on Tuesday said it has launched the new version of its 102 cc bike Platina 100 Electric Start (ES) priced at Rs 53,920 (ex-showroom Delhi).