Stocks in News: Watch out for TCS, Vedanta, aviation stocks today

The Indian markets in the last hour turned green as buying sentiment appeared from domestic investors. Both the benchmark indices – Sensex and Nifty50 – gained around 1 per cent at the close. Financial segment witnessed maximum buying along with strong IT stocks during Tuesday’s session. 

On Wednesday, stocks such as TCS, Vedanta, UltraTech Cement, Manappuram, Tata Consumer, Pennar Industries, Eicher Motor, Eveready Industries and Aviation stocks are in focus amid corporate actions and investor meetings scheduled on Wednesday. 

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The crude oil price has stopped its rally above $128 per barrel on Tuesday and weakness was witnessed in oil and gas companies, as ONGC slumped over 4 per cent to become one of the top losers on Nifty. 

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 

TCS to launch Rs 18000 crore buyback of shares scheme from Wednesday 

The ex-date of Vedanta’s interim dividend of Rs 13 per share on Wednesday 

Board Meetings 

PNB Housing board to meet tomorrow to discuss about fund raising plan  

Hatsun Agro board to meet tomorrow to discuss about sale of assets 

Pennar Industries board to meet tomorrow to mull about share buyback plan 

Investor Meetings  

Ultratech Cement has scheduled an investor meeting with Bajaj Allianz   

Manappuram has also lined up meeting a with an investor Myriad Asset Management  

Tata Consumer to conduct investor meetings with JP Morgan Asset Management 

Eicher Motor scheduled an investor meeting with Credit Suisse 

Stocks in News 

Aviation stocks in focus - Government has decided to resume scheduled commercial international passenger services to/from India from March 27, 2022 

Eveready Industries board approves the appointment of Suvamoy Saha as the Managing Director of the Company 

Infosys and Dow Jones announce expanded collaboration to develop new human-centered Digital experiences 

Important Events 

Russia-Ukraine geopolitical tension 

Assembly election results 

Retail fuel price hikes 

Commodities move 

FOMC meeting next week