India 24×7 News
Buisness

Holdings to Monitor: Zomato, Wipro, NHPC, IRCTC, Bharti Airtel, JSW Energy, and Additional Companies

<p><strong>Stocks to Monitor on March 6:</strong> Tuesday’s equity markets saw erratic trading amid conflicting clues, and they concluded with little decline. Analysts maintain their positive stance and advise sticking to the buy-on-dips strategy. Due to many news events, shares of IRCTC, JM Financial, Zomato, and Samvardhana Motherson, among others, will be the focus of today’s trading.</p>
<p><img decoding=”async” class=”alignnone wp-image-477257″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-holdings-to-monitor-zomato-wipro-nhpc-irctc-bharti-airtel-jsw-energy-and-additiona.jpg” alt=”theindiaprint.com holdings to monitor zomato wipro nhpc irctc bharti airtel jsw energy and additiona” width=”963″ height=”722″ title=”Holdings to Monitor: Zomato, Wipro, NHPC, IRCTC, Bharti Airtel, JSW Energy, and Additional Companies 6″></p>
<p><strong>JM Financials:</strong> On Tuesday, the Reserve Bank of India (RBI) forbade JM Financial Products from providing financing secured by shares and debentures. This included approving and paying loans secured by share IPOs and debenture subscriptions.</p>
<p><strong>Wipro:</strong> In an effort to strengthen its position as a leader in software-defined vehicles and cloud car engineering services, Wipro, an IT services provider, plans to purchase a 27% share in SDVerse LLC. It is projected that the deal will be completed by the end of March 2024.</p>
<p><strong>JSW Energy:</strong> For its first 250 MW/500 MWh standalone battery energy storage project, the business has signed a Battery Energy Storage Purchase Agreement (BESPA) with Solar Energy Corporation of India Limited (SECI).</p>
<p><strong>NHPC:</strong> In Jalaun, Uttar Pradesh, the 1,200-MW Jalaun Ultra Renewable Energy Power Park is being developed by the state-run power firm, NHPC. An NHPC subsidiary called Bundelkhand Saur Urja would build the solar park at a cost of Rs 796.96 crore.</p>
<p><strong>Aavas Financiers:</strong> After promoter companies in the home financing firm reduced their shareholding, SBI Mutual Fund and Amansa Capital from Singapore invested Rs 1,186 crore in Aavas Financiers.</p>
<p><strong>Zomato:</strong> Antfin Singapore, an Alibaba subsidiary, plans to sell 17.64 crore shares, or 2% of the company, as part of its divestiture. According to CNBCTV18, the floor price for the block transaction has been set at Rs 159.4 per share, which represents a 3.9% reduction from the closing price.</p>
<p><strong>IRCTC:</strong> On Tuesday, Swiggy and the Indian Railway Catering and Tourism Corp. (IRCTC) collaborated to provide travelers with pre-ordered meals at four major Indian train stations.</p>
<p><strong>Roche Holding:</strong> Vabysmo (faricimab), intended to treat neovascular or “wet” age-related macular degeneration (nAMD) and diabetic macular edema (DME), marks Roche Pharma India’s entry into the ophthalmology profession.</p>
<p><strong>Bharti Airtel: </strong>At a conversion rate of Rs 518 per share, the telecom giant approved the distribution of 56.8 lakh shares to holders of FCCBs.</p>
<p><strong>Mahanagar Gas:</strong> The business has lowered the price of compressed natural gas (CNG) in and around Mumbai by Rs 2.50 per kilogram in response to a drop in gas input prices.</p>
<p><strong>CESC:</strong> The company’s subsidiary, Crescent Power, has successfully acquired a 100% share of Purvah Green Power.</p>
<p><strong>Space Stocks:</strong> The government announced on Tuesday the revised Foreign Direct Investment (FDI) guidelines in the space industry, opening the door for 100% foreign investment in satellite component manufacture, 74% in satellite manufacturing and operations, and 49% in launch vehicles.</p>

Related posts

On UPI and a payment app, the wrong payment was made,Therefore, learn here how to get your money back

Cars with the Highest Mileage: If your car’s mileage worries you, look no further than these cars

Venture capital financing for startups in India decreases by 71.5%