Home » News » Business » IRCTC, Indian Bank, HDFC: Top Stocks for Investors on March 4
1-MIN READ

IRCTC, Indian Bank, HDFC: Top Stocks for Investors on March 4

Representative Image

Representative Image

The market indices on Thursday, March 4, are expected to give a negative start as the SGX Nifty was trading 183.50 points or 1.20 percent lower at 15,111.50 at 7:05 am.

The stock market on Wednesday, March 3, closed in the green for third consecutive day where the BSE Sensex reclaimed the 51,000 mark while the NSE Nifty crossed 15,000. On the contrary, the market indices on Thursday, March 4, are expected to give a negative start as the SGX Nifty was trading 183.50 points or 1.20 percent lower at 15,111.50 at 7:05 am. On March 3, the BSE Sensex witnessed a hike of 1,147.76 points or 2.28 percent to close at 51,444.65 while the NSE Nifty was up by 326.60 points or 2.19 percent to settle the day at 15,245.60.

Top stocks to look for the day are:

IRCTC: From March 14, 2021, the company will be operating trips through Golden Chariot.

Indian Bank: Bank's Tier 1, Tier 2 and Infrastructure Bonds' ratings have been revised by CRISIL to 'stable' from 'negative'.

HDFC: The interest rate has been cut by 0.05 percent by the corporation.

Infosys: The Covid-19 vaccination cost for its employees will be covered by the company.

Bharti Airtel: USD 750 million has been raised by the company through the allotment of unsecured senior fixed-rate notes to eligible investors.

Maruti Suzuki: On March 5, 8 and 9, officials of the company will participate in the investor (virtual) meetings.

IRCON International: On March 4, via offer for sale, the government will sell 6 percent additional stake. Railway Ministry has also given a letter of award worth Rs 187.80 crore to the company.

VST Tillers Tractors: USD 1.5 million will be invested by the company in Zimeno Inc.

Union Bank of India: Bank's proposed Basel III Compliant Tier-II bonds aggregating up to Rs 2,000 crore has been assigned a credit rating of AA+(HYB)/Negative by ICRA.

Techno Electric and Engineering Company: Via open market sale, SBI MF has reduced stake in the company to 6.13 percent from 7.12 percent.

Bajaj Electricals: An agreement has been signed between the company and Mahindra Logistics for innovative logistics optimisation and outsourcing arrangement.

Cummins India: On March 4, officials of the company will meet B&K Securities, Goldman Sachs, Kotak Securities and ICICI Prudential Mutual Fund via conference call.

Hindustan Copper: Through video conferencing, officials of the company will meet institutional investors on March 4.

Eicher Motors: On Thursday, officials of the company will meet Ashmore Investment Management.

Read all the Latest News, Breaking News and Coronavirus News here