The stock market on Monday, March 1 closed in green making a strong rebound from the previous day’s losses. On the contrary, the market on Tuesday, March 2 is expected to give a negative start as the SGX Nifty was trading 33.75 points or 0.23 percent lower at 14,878.20 at 7:10 am. On March 1, the BSE Sensex witnessed a massive gain of 749.85 points or 1.53 percent to close at 49,849.84 whereas the NSE Nifty was up by 232.40 points or 1.60 percent to settle the day at 14,761.55.
Top stocks to look for the day are:
BPCL, IOC, HPCL: The entire stake sale in Numaligarh Refinery has been approved by the BPCL board for Rs 9,875 crore. The stakes will be picked up by Oil India, Engineers India and the Government of Assam.
NMDC: The company said that its production in February 2020 rose to 3.86 million tonnes from 3.24 million tonnes on yearly basis and sales increased to 3.25 million tonnes from 2.91 million tonnes in the same month a year ago.
Shipping Corporation of India: Multiple expressions of interest have been received for the privatisation of Shipping Corporation informed the DIPAM Secretary. He further said that the said transaction will now move to the second stage.
Hero MotoCorp: The company released its sales data on Monday and reported that its total sales in February 2020 increased to 5.05 lakh units against 4.98 lakh units on yearly basis.
UPL: Long-term pact has been signed by the company with FMC Corporation for Rynaxypyr active ingredient.
Eicher Motors: Releasing its sales data the company said that its total motorcycle sales in February 2020 rose to 69,659 units compared to 68,877 units on a monthly basis.
Ashok Leyland: The company has informed that its total sales in February 2021 rose 19 percent to 13,703 units against 11,475 units in the same period last year.
Savita Oil Technologies: Via open market transaction, Pari Washington India Master Fund reduced stake in the company to 3.21 percent from 5.33 percent.
Indostar Capital Finance: The Midcap BFSI Day Virtual Conference organised by Prabhudas Lilladher will be attended by the company on March 2 to discuss the performance of the company for the quarter and nine months ended December 2020.
Sudarshan Chemical Industries: On Tuesday, March 2, the company’s officials will meet HDFC Mutual Fund.