Stocks To Watch Today For Expected Surge In Values

JM Financial

JM Financial shares continued their downward trajectory, plunging 10 per cent on March 12, subsequent to Sebis prohibition on the company from accepting new mandates as a lead manager for public issue of debt securities, due to regulatory violations.

RVNL

The day following a surge in Rail Vikas Nigam (RVNL) shares on March 11, prompted by the company securing work orders worth Rs 1,826.14 crore, the Railway PSU disclosed to the exchanges that it emerged as the Lowest Bidder (L1) for Maharashtra Metro Rail Corporation Limiteds design and construction of a 4.519 Kms Elevated Viaduct.

Bharti Airtel

Anticipation grows around Bharti Airtel emerging as the lead contender in the forthcoming auction of eight spectrum bands, with Vodafone Idea grappling with financial turmoil and Reliance Jio already making significant acquisitions in the 2022 auctions.

IndiGo

Co-founder Rakesh Gangwal divested a 5.83 per cent stake in IndiGo on March 11, 2024, amounting to Rs 6,785 crore through open market transactions. InterGlobe Aviation, the parent company of IndiGo, witnessed the sale of 2.25 crore shares across three tranches.

Jupiter Wagons

Jupiter Wagons confirmed securing a Ministry of Railways order valued at Rs 957 crore for manufacturing and supplying 2,237 units of BOSM wagons.

Aditya Birla Capital

The Aditya Birla Capital board approved the merger of Aditya Birla Finance on March 11, 2024. The Reserve Bank of India (RBI) mandated Aditya Birla Finance to be publicly listed by September 2025.

IRB

IRB Lalitpur Tollway Private Limited reached financial closure for the implementation of the Tolling, Operation, Maintenance and Transfer project of the four-lane Lalitpur-Sagar Lakhnadon section.

ITC

Bloomberg reported British American Tobaccos plan to offload $2-3 billion worth of ITC shares in block trades this week.