Stocks in Focus on March 17: SBI, Paytm, Reliance, M&M & More

By Malvika Gurung

Investing.com — State Financial institution Of India (NS:): The Govt physique  Banks Board Bureau (BBB) beneficial Alok Kumar Choudhary for the submit of managing director on the public sector lender.

Indian Oil Company (NS:): The state-owned oil miner bought about 3 million barrels that Russia supplied at steep reductions in comparison with the continuing worldwide charges. 

Mahindra & Mahindra (NS:): The auto big will enhance its stake in Carnot Applied sciences from 15.6% (at the moment) to 52.69% by investing about Rs 14 crore in it.

Paytm (NS:): Brokerage agency Macquarie has slashed the fintech firm’s goal value additional to Rs 450/share, as the corporate’s inventory has eroded over 70% of its valuation. The brokerage added that fintech firms globally are shedding steam.

BEML (NS:): The state-owned heavy gear producer’s board will contemplate an interim dividend for FY22 on March 22, and the file date is ready at March 30.

Adani Energy (NS:): The corporate has acquired Essar Energy’s thermal energy undertaking of 1,200 MW in Mahan, MP, and the price of acquisition is over Rs 4,250 crore.

Reliance Capital (NS:): The corporate’s CEO Dhananjay Tiwari resigned on Wednesday, nevertheless, the rationale for resignation isn’t cited by the corporate.

Indiabulls Housing Finance (NS:): The mortgage lender’s board will contemplate elevating funds by way of bonds on a non-public placement foundation, on March 22.