Stocks in News: Vedanta, UPL, Vodafone Idea among stocks in focus; 5 themes that will play out when markets reopen today

The Indian markets on Wednesday snapped two-day decline, as both the benchmark indices – Sensex and Nifty50 closed over 1 per cent lower, mainly dragged by auto, banking and financial services among other indices. 

The uncertainty in the markets is mainly on the back of Russia’s invasion in Ukraine, followed by multiple sanctions on the former. Even the global crude oil prices have spiked as Brent and WTI Crude breached $110 per barrel mark on Wednesday. 

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From corporate actions to board meetings, the market likely witnessed a buzz on Wednesday with stock specific action. In this regard, the stocks are likely to see a price action movement are – Vedanta Limited, HDFC, UPL, Supreme Engineering, Vodafone Idea, Ease My Trip among others. 

Below are the five themes on which dozens of stocks are likely to show impact on the respective news and corporate actions of the company. 

Corporate Actions 

Supreme Engineering to split its stock from Rs 10 to Rs 1 on March 3 

Containerway International to split its stock from Rs 10 to Rs 5 on March 3 

Board Meetings 

Vodafone Idea’s board to meet on Thursday to mull fund raising plan 

Ease My Trip’s board to meet on Thursday to decided allotment of bonus equity shares 

Wockhardt’s board to meet on Thursday for rights issue scheme  

Investor Meetings 

Gland Pharma has scheduled an investor meeting with Axis Captial 

Tata Motors has also lined up meeting a with an investor T Rowe 

While Aster DM and Supriya Lifesciences to conduct group meetings 

Stocks in Focus 

UPL has approved a proposal to buy back equity shares worth Rs 1,100 crore. 

Vedanta will pay third interim dividend of Rs 13 per share for FY22 amounting to Rs 4832 crore. 

Global view 

Fed Chair Powell to testify in Congress and Crucial OPEC+ to meet this week