Mankind Pharma, Indus Towers, Tech Mahindra, Maruti Suzuki and insurance stocks among stocks to watch today

Stocks to watch: At 8:03 am, Gift Nifty futures traded 0.2 per cent, or 44.95 points, lower at 22,120.5, indicating a weak opening for the markets. On Friday, Indian equities, after a weak start, showed a recovery, tracking positive global cues. At the close, Nifty stood at 22,096.75, up 0.4 per cent while Sensex added 0.26 per cent, or 190.75 points, to 72,831.94. Meanwhile, broader markets showed some resilience and outperformed the headline indices. On Monday, Indian markets were closed on account of Holi.

Here are the stocks that will be in focus today.

Tech Mahindra: The company will be merging its wholly-owned step-down subsidiary Born Group with its parent company Tech Mahindra (America) Inc., which is a wholly-owned material subsidiary of the company.

Bharti Airtel: The company's subsidiary- Bharti Hexacom will launch its IPO. The company's IPO will run between April 3- April 5, 2024.

Solara Active Pharma Sciences: The board has approved the sale of a 100 per cent shareholding in SeQuent Penems.

Insurance stocks: The IRDAI has come up with the final regulations concerning surrender value as of April 1, 2024. The surrender value is expected to remain the same, or even lower if policies are surrendered for up to three years. Hence, insurance stocks will be in focus today.

Ambuja Cements: The company pared a 2 per cent stake in Sanghi Industries to meet the minimum public shareholding norm.

Zydus Lifesciences: The company has received tentative approval from the US FDA to market the Letermovir tablets (240 mg and 480 mg).

Mankind Pharma: Beige Limited will offload 2.9 per cent equity in the pharma major via a block deal valued at around Rs 2,450 crore.

Maruti Suzuki: The auto major will recall 11,851 units of its Baleno model. In addition, it will also recall 4,190 units of WagonR. The decision has been taken for units manufactured between July 30, 2019 and November 1, 2019, considering potential damage to the fuel pump motor. 

Hindustan Aeronautics: The defence major has bagged a substantial order worth Rs 194 crore from the Guyana Defence Force, Guyana.

Rail Vikas Nigam: The railways company has inked an agreement with the Airport Authority of India (AAI) for integrating the residential colony of AAI in Kolkata with the operational area. The project is estimated to entail an investment of Rs 229.43 crore.

RailTel Corporation of India: The company has secured an order worth Rs 36.35 crore from the Centre for Development and Advanced Computing.