Aditya Birla Capital, TCS, HCL Infosystems: Stocks to watch on Tuesday

Stocks to watch on Tuesday, March 19: Domestic equity benchmarks Sensex and Nifty50 are likely to start Tuesday's session in the negative zone amid mixed signals from global markets as investors remain on the back foot ahead of a key interest rate decision in the world's largest economy due this week. At 8:05 am, GIFT Nifty futures, an early indicator of the headline Nifty50 index, was down 78.5 points or 0.4 per cent at 22,057, suggesting a weak opening in Tuesday's session. 

On Monday, the indices closed a volatile session marginally higher, with the Sensex rising 105 points or 0.1 per cent to settle at 72,748.4 after gyrating within the of 72,314-72,986 band in intraday trade and the Nifty settling with a gain of 32.4 points or 0.2 per cent at 22,055.7.

Here are some stocks that will be in focus on Tuesday, March 19: 

TCS: Promoter Tata Sons are set to sell 0.64 per cent equity in Tata Consultancy Services on Tuesday.

HCL Infosystems: The company received two final arbitration awards of around Rs. 31 crore in arbitrations filed against one of the State Electricity Boards.

Monetary reliefs in favour of the company as per the awards for the principal amount, interest, and litigation cost is Rs. 31.08 crore, as per the company.

Aditya Birla Capital: AB Capital will sell a 4.99 per cent stake in Aditya Birla Sun Life AMC via an offer for sale (OFS) to meet minimum public shareholding norms.

HG Infra Engineering: Letters of award were issued by Jodhpur Vidyut Vitran Nigam Limited to Stockwell Solar Services Private Limited JV Consortium with H.G. Infra Engineering Limited for four projects of solar business. 

RPP Infraprojects: State Industries Promotion Corporation of Tamilnadu awarded the company with multiple orders worth Rs 94.13 crore. 

Tata Steel:  Tata Steel will wind up the operations of coke oven unit in the UK. Further, the unit will increase the import of coke.

Lemon Tree: The company has signed an agreement to launch a  hotel in Agartala, Tripura by FY27.

Shipping Corporation of India: The demerged entity's i.e. Shipping Corporation of India Land and Assets shares will be listed today.

Ambuja Cement: Cement shares will be in focus as cement price has been slashed for the fifth time in  a row, with price reduction being to the tune of Rs 7-8 per bag in March.

Paint and OMCs stocks: Crude prices have again soared and quoting around $87 per bbl.

(With inputs from agencies.) 

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