Thursday, the following stocks are in the spotlight in the Indian market due to stock or sector-specific news or reports. Stock prices are taken from the BSE, unless stated otherwise.
Currently, the benchmark Sensex is trading almost flat at at 17, 096, down 3 points and the Nifty is at 5,115, down 0.02%.
GVK Power & Infrastructure (Rs.44.10, up 1.26%) - The company's group firm bagged a Rs 5,000-crore hydro electric power project in Jammu & Kashmir.
Triveni Engineering (Rs.124.35, up 2.35%) - The company has convened a board meeting on March 12 to consider and approve the demerger of its steam turbine business.
Wintac (Rs.36.55, up 9.92%) - The company has convened a board meeting on March 18 to consider issuing further shares on a rights basis.
Bhushan Steel (Rs.1,727.05, up 0.30%) - The company intends to spend $6.07 billion to develop a value-added steel mill in Karnataka.
SpiceJet (Rs.59.25, up 0.51%) - Foreign investors Wilbur Ross, Goldman Sachs and Dubai's Ishtithmar may raise their stake in the low-cost private carrier to 40% as they are likely to convert their foreign currency convertible bond holdings in the company to equity, the Financial Express said.
Bharti Airtel (Rs.291.60, up 1.20%) - The independent auditor appointed by the government to examine the books of India's largest telecom service provider has submitted its report to the Department of Telecommunication.
SAIL (Rs.237, up 1.63%) - The state-run steel maker plans to increase its annual capacity to 26 million tonnes by 2014 from the current 14 million tonnes.
State Bank of India (Rs.2,028.50, down 0.37%) - The state-run lender plans to mop up Rs.50-100 crore via a 10-year retail bond issue in the next financial year.
Procter & Gamble Hygiene ( Rs.1,905, down 0.06%) - The FMCG giant has increased the grammage of its popular detergent Tide Naturals by 25% at no extra cost to consumers.
IOC ( Rs.302.90,down 0.95%) & ONGC (Rs.1,086.40, down 0.28%) - The government has 'no immediate plans' to divest stake in the public sector undertakings through follow-on public offerings, S Sundareshan, Petroleum Secretary, said at the sidelines of an International Symposium on Fuels and Lubricants on Wednesday.
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