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Stocks to watch on March 20: TCS, Vodafone Idea, Ultratech Cement, Adani Group and more

Stocks to watch on March 20: Tata Steel board approved a fundraising endeavor of ₹2,700 crore via the issuance of non-convertible debentures (NCDs)

Published on: Mar 20, 2024, 08:40:57 IST
By HT News Desk
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Stocks to watch on March 20: TCS will be a stock in focus today (March 20) as it announced that US-based Central Bank has chosen TCS BaNCS to upgrade its primary technology infrastructure. With this, TCS aims to establish seamless and adaptable customer onboarding procedures, as per a stock exchange disclosure.

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Stocks to watch on March 20: These are the stocks that will be in focus today.
Stocks to watch on March 20: These are the stocks that will be in focus today.

Vodafone Idea will also be in focus today as it received a request from ATC Telecom Infrastructure Private Ltd to convert optionally convertible debentures (OCDs) worth ₹1,440 crore into equity shares.

SBI Card’s board of directors approved interim dividend of ₹2.50 per equity share for the fiscal year 2023-24 and set the record date for determining the entitlement of the interim dividend for March 28, 2024.

Read more: Adani Green on bribery charge: ‘Aware of US probe into third party, no relation’

Shakti Pumps announced opening of a qualified institutional placement (QIP) to raise up to ₹200 crore, with a fixed floor price at ₹1272.09 per share.

Adani Enterprises’ subsidiary, Adani Tradecom Limited (ATL), completed acquisition of the remaining 49% stake in Adani Green Technology Ltd (AGTL) from Adani Trading Services LLP (ATS LLP) for ₹4 lakh. Adani Group's stocks could also be in focus after reported US probe which the conglomerate has denied.

Read more: Nvidia boss Jensen Huang's wish to work on PM Modi's AI plan: ‘I am open for business… spread the word’

The Competition Commission of India (CCI) granted approval to UltraTech Cement’s proposed acquisition of Kesoram Cement Business from Kesoram Industries.

 
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HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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