Stocks in focus today: GAIL, Sona BLW, Nalco, Hudco, Astral, Lupin, Data Patterns, M&M and others in the spotlight

From IPO listing to various corporate actions number of stocks are in focus on Tuesday, March 14, 2023. These stocks are GAIL, Sona BLW Precision Forgings Nalco, Hudco, Astral, Lupin, Data Patterns, Global Surfaces, PNB Housing, Mahindra and Mahindra, and Divgi TorqTransfer Systems among others.

Check the detailed list of shares in the spotlight on Tuesday, March 14, 2023.

Divgi TorqTransfer Systems shares to make a debut on the stock market on Tuesday, March 14, 2023, at around 10:00 AM. The initial public offer (IPO) of Divgi TorqTransfer saw an overall subscription of 5.4 times the shares on offer. Zee Business Managing Editor Anil Singhvi estimated that shares of Divgi TorqTransfer Systems could list on a premium of 5-10 per cent. 

Astral to trade ex-bonus today; CPVC (Chlorinated Poly (Vinyl Chloride) pipe and the fitting maker had announced a bonus in a 1:3 ratio. This means one equity share for every three held.

HUDCO board to meet on Tuesday to consider an interim dividend. The company has fixed March 22, 2023, as the record date, if a dividend is approved.

Data Patterns board approves qualified institutional placement (QIP) issue at Rs 1,220.3 per share. The company aims to raise Rs 450 crore via QIP.

Lupin: US drug regulator FDA completes inspection at the pharma company’s bioresearch center in Pune with no observations

PNB Housing Finance: The Securities and Exchange Board of India – a capital market regulator – cleared the housing finance company’s rights issue on Monday.

Global Surfaces IPO to enter the second day of the bidding process. The company got subscribed 42 per cent on the first day of subscription on Monday. It received bids for 32.75 lakh shares against 77.49 lakh shares on offer, according to NSE data.

Blackstone affiliate Singapore VII Topco III exits Sona BLW Precision (SONACOMS) for over Rs 4,900 crore.

M&M offloads 6.1 per cent stake in Mahindra CIE for Rs 821.3 crore at Rs 357.4 per share, Societe General among buyers; M&M stake down at 3.2 per cent from 9.25 per cent

Dividends declared on Monday:

Sun TV board announced Rs 2.5 per share dividend.

GAIL board announced Rs 4 per share dividend.

Nalco board announced Rs 2.5 per share dividend.

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