Stocks in News: Wipro, L&T, PSU bank and Aviation stocks among other key scrips to watch out for on Tuesday

The Indian markets closed in red on Monday amid high volatility, dragged by financials and FMCG stocks. Both the benchmark indices – Sensex and Nifty50 – closed almost 1 per cent lower, while the broader markets outperformed benchmarks, as Nifty midcap fell by 81 points to 28,897 at the close. 

According to market analyst Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock-Brokers said, “Indian markets opened mixed following muted Asian market cues as rising oil prices and continued Ukraine crisis kept investors on edge.” 

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“FII’s coming back to buying mode is a positive for domestic equities but rise in bulk diesel prices and inflationary pressure is bending the domestic market,” said Vinod Nair, Head of Research at Geojit Financial Services.  

Stocks such as Wipro, L&T, Bank of India, Karnataka Bank, Thermax, PNB, REC, Equitas Holdings, BEL, SBI Life, SBI Cards, among others are likely to be stocks in focus on Tuesday. 

Stocks in News 

Thermax wins new order worth Rs 1,176 crore for sulphur recovery unit; with this company may end FY22 with an order book of Rs 8,000 crore. 

BHEL has announced the appointment of Upinder Singh Matharu as Executive Director of the company effective March 21, 2022. 

Bank Of India invests Rs 108.81 crore in National Asset Reconstruction Company (NRC); to get 9 per cent stake. 

Aviation stocks: DGCA (Directorate General of Civil Aviation) says enhancing surveillance of Boeing 737 fleet amid air crash in China. 

Wipro’s board to consider interim dividend on March 25 

Larsen and Toubro’s board to consider raising funds via debt on March 24 

Equitas Holdings Board approves amalgamation with Equitas SFB, shareholders to get arm's 231 shares for 100 shares held. 

REC’s board to raise funds through debt for FY23 

Punjab National Bank’s board to consider raising funds via Bonds on March 29 

Corporate Actions 

Wonkhardt Rights Issue is scheduled to close on Tuesday 

Gateway Distriparks shares are to be re-listed on exchanges on Tuesday 

Ex-date of interim dividends of AGI Infra at Rs 1 per share, BCL Industries at Rs 2 per share, and Mishra Dhatu Nigam at Rs 1.56 per share. 

Board Meetings 

Respective boards of BEML SBI Life and SBI Cards to meet separately on Tuesday to discuss and consider on dividend. 

Indiabulls Housing board to mull and consider fund raising plan through bonds on Tuesday 

Karnataka Bank board to meet tomorrow to consider fund raising options 

Hudco board to meet tomorrow to mull and consider Rs 7000 crore fund raising options via bond. 

Economic Indicator 

US Fed Reserve chair Jerome Powell to speak  

European Central Bank President Lagarde speech