Paytm, Wipro, Canara Bank, Tanla Platforms: Stocks to watch on Tuesday

Stocks to watch on Tuesday, February 27: At around 8:12 am, Gift Nifty futures traded 0.1 per cent lower, or 21.15 points lower, at 22,120.5, indicating a subdued start for the markets today.

On Monday, the 30-share BSE barometer Sensex closed at 72,790.13, down 352.67 points, or 0.48 per cent, over the previous close. The broader Nifty of the NSE dropped 90.65 points, or 0.41 per cent, to end the day at 22,122.05.

Here are some stocks that will be in focus on Tuesday, February 27.

Paytm: Vijay Shekhar Sharma has resigned from the position of part-time nonexecutive chairman of Paytm Payments Bank. 

Wipro: The company announced a private wireless solution with Nokia to help enterprises scale their digital transformation.

Canara Bank: The board approved a stock split in the ratio of 1:5, where for every one share having a face value of Rs 10, there are five shares with a face value of Rs 2. 

Andhra Cements: The company's promoters proposed an offer for sale (OFS) of over 46 lakh shares, or a 5 per cent stake, through a stock exchange mechanism. 

Tanla Platforms: The company launched its new product, Trubloq.ai, leveraging generative AI to elevate the trusted Trubloq experience.

Hind Rectifiers: The company secured orders worth more than Rs 200 crore from Indian Railways. 

Grauer & Well (India): The board approved the issuance and allotment of bonus shares in the proportion of 1:1. As per the filing, 22,67,05,750 equity shares of Re. 1 each will be issued.

Alankit Ltd: The company has entered into a project with the School Education Department of Uttarakhand to provide manpower outsourcing services. 

CMS Info: The company's promoter, Sion Investment, will offload a 26.7 per cent stake in the entity via a block deal in a transaction worth around Rs 1,500 crore. The deal will take place at a discount of Rs 1,500 crore.

Federal Bank: At the lender, liquidity is a concern. Furthermore, the bank will release the list of applicants by the end of March for the position of CEO.

Andhra Cement/ Sagar Cements: The promoter of Sagar Cements will dilute a 5 per cent stake in the company via the OFS. The price for OFS is pegged at Rs 90 per share, which is a discount of over 19 per cent from Monday's closing price.

Power Mech Projects: The construction engineering company has bagged a project valued at Rs 396 crore for a railway project in Chhattisgarh. 

CG Consumer Electricals: HDFC Mutual Fund bought a 2.14 per cent stake in the company. 

Associated Alcohols: The company will issue 9 lakh convertible warrants for Rs 485 per share. 

Dixon Tech/Whirlpool: Brokerage firm Jefferies has downgraded Dixon to 'underperform' with a target of Rs 5,920, while for Whirlpool too, the brokerage has downgraded the stock to hold with a lower target of Rs 1,125.

 (With inputs from agencies.)

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