Cyient, PC Jewellers, IIFL Finance, South Indian Bank, other stocks to track today

Stocks to watch: Domestic equity benchmarks Sensex and Nifty50 are likely to make a mildly negative start on Thursday, March 14, tracking mixed moves across global markets as investors await fresh cues that may provide further clarity on an imminent easing of benchmark interest rates. GIFT Nifty futures were last down 0.3 per cent at 22,042.5, suggesting a negative opening for the 50-scrip headline index.

On Wednesday, the Sensex crashed over 906.1 points to end at 72,761.9 while the Nifty settled at 21,997.7, down 338 points for the day, in a market riot that saw key midcap and smallcap indices logging their worst session in more than two years ahead of the results of a stress test of the country's mutual funds conducted by the markets regulator.

Besides, deep losses in utility, energy, and metal stocks and recent selling by foreign investors added to the gloom, according to analysts.

Here are some stocks that will be in focus on Thursday, March 14:

Sanofi India: The company's board has approved an exclusive distribution and promotion agreement with Emcure Pharmaceuticals for Sanofi's cardiovascular products in India, effective immediately.

South Indian Bank: The bank will not onboard any fresh customers in co-branded credit cards until it fully complies with the regulatory guidelines issued in this regard. However, it will continue to service the existing customers who hold co-branded credit cards issued by it.

IIFL Finance: The company has approved raising funds for an amount not exceeding Rs 1,500 crore through rights.

Cyient: The company signed a multiyear services agreement with Airbus for cabin and cargo engineering.

PC Jewellers: State Bank of India (SBI) has accepted a one-time settlement proposal submitted by the jewellery maker.

Tata Motors: The company will develop a vehicle manufacturing facility in Tamil Nadu and has inked an agreement with the Tamil Nadu government in this regard.

ITC: As many as 60 funds have purchased the stock through block deals on Wednesday, with ICICI Prudential Mutual Fund, Government Of Singapore, and BOFA Securities Europe being among the major buyers.

Hindustan Aeronautics Limited: The company has signed two contracts worth around Rs 8073 crore with the defence ministry. 

KEC International: The company has bagged orders worth Rs 2,257 crore.

Indian Hume Pipe: The company’s JV has secured an order worth Rs 1,138 crore, in which its share stands at Rs 228 crore.

RVNL: The company’s RVNL-Salasar has secured a Rs 174-crore order from Madhya Pradesh Power Transmission.

Coforge: The company's board is scheduled to meet on March 16 to consider raising funds.

DLF: The company’s subsidiary, DLF IT Offices Chennai has strategically sold 4.67 acres of land to Cholamandalam Investment and Finance Company for Rs 735 crore.

Som Distilleries: The company’s board will consider splitting its stock in a board meeting scheduled on April 2. 

With inputs from agencies

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