Tata Motors, L&T, IIFL Finance, Cyient, Jindal Stainless: Stocks to watch on Tuesday

Stocks to watch on Tuesday, March 5: At 8:10 am, Gift Nifty futures traded weak by 9.95 points, or 0.04 per cent, at 22,488, indicating a subdued opening for the markets today.

Sensex and Nifty closed at new record levels on Monday, driven by gains in energy and bank shares and a rally in Asian markets.

The 30-share BSE Sensex climbed 66.14 points, or 0.09 per cent, to settle at an all-time high of 73,872.29. The Nifty rose by 27.20 points, or 0.12 per cent, to close at a lifetime high of 22,405.60 points.

Here are some stocks that will be in focus on Tuesday, March 5.

Tata Motors: The board of Tata Motors, in a meeting, approved the proposal of the demerger of Tata Motors Ltd into two separate listed companies. The commercial vehicle business and its related investments will be one entity, and the passenger vehicle business, including PV, EV, and JLR, and its related investments, will be another entity.

Cyient: The company partnered with the Massachusetts Medical Device Industry Council to deepen its commitment to the healthcare sector, leveraging its extensive expertise in engineering and digital technologies to drive forward MedTech innovation.

Jindal Stainless: In line with its commitment to sustainability and India’s targets of achieving net zero carbon emissions, the company commenced the maiden usage of green hydrogen in its stainless steel plant in Hisar, Haryana.

Angel One: The company, in a business update, said that its number of orders in February stood at Rs 17.266 crore. Its client base increased to Rs 2.143 crore.

PVR Inox: The company opened a 6-screen cinema in Haryana. With this launch, PVR INOX now operates the largest multiplex network with 1,732 screens across 363 properties in 113 cities (India and Sri Lanka).

L&T, Dynamatic Tech: As per Zee Business exclusive, the two companies may secure a big order from Hindustan Aeronautics for supplying aviation parts. 

IIFL Finance: The RBI has barred the company from issuing fresh gold loans. The restrictions have been put in place amid supervisory concerns at the company.

Macrotech Developers: The company's QIP will launch on March 4 with a floor price set at Rs 1129.48 per share, i.e., a discount of 4.4 per cent to the CMP.

BEML/BEL/Mishra Dhatu Nigam: The defence ministry has signed an MoU with BEL, BEML, and Mishra Dhatu for the development of advanced fuelling and control systems for engines used in heavy-duty applications.

IEX: In February, volume at the energy trading company logged 15.4 per cent on year growth.

AU Small Finance Bank: The RBI has approved the merger of Fincare Small Finance Bank and AU Small Finance Bank, which will become effective on April 1, 2024.

Tanla Platforms: The company has launched Messaging as a Platform (MaaP) for telco players. 

Park Hotels: The company has posted good Q3 results with revenues up 13.2 per cent on year, while profit soared 45.7 per cent on year.

(With inputs from agencies.) 

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