Stocks To Watch: Bank Of Baroda, Coal India, Reliance Industries, Persistent Systems, Wipro

Here are the stocks to watch going into trade today..

Snehal Galbaw

15 Mar 2022, 08:01 AM IST

A pedestrian walks past an electronic ticker board at the BSE in Mumbai. (Photographer: Dhiraj Singh/Bloomberg

Stocks fell Tuesday as the Russia-Ukraine war and the possibility of an tighter U.S. monetary policy sapped sentiment.

Shares were volatile in Japan and declined in Australia and South Korea. U.S. futures fluctuated following a drop in American shares that left the Nasdaq 100 in a bear market. The 10-year U.S. yield is near its highest since 2019. The dollar was steady.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50 index, fell 0.64% to 16,774.50 points as of 6:35 am.

Oil’s rally continued to ease, though prices remain above $100 a barrel as fresh Covid-19 lockdowns in China pose risks to demand.

Nickel trading will resume on the London Metal Exchange on Wednesday, over a week after being suspended due to a historic short squeeze. Bitcoin rose to $39,500.

Here are the stocks to watch in today's trade:

Reliance Industries: Reliance New Energy acquired assets of Lithium Werks for $61 million. Assets include entire patent portfolio of Lithium Werks, manufacturing facility in China, key business contracts and hiring of existing employees.
Embassy Office Parks REIT: To consider raising funds on March 17.
Wipro: The company has partnered with Speira to strengthen the technology infrastructure and cybersecurity requirements of Speira.
Jai Corp: Approved redemption of 84,000, 1% non-cumulative, non-participating redeemable preference shares on March 15.
Bharat Rasayan: The promoters will sell 2,500 shares (0.06% of paid up capital) with face value of Rs 10, in the open market.
Persistent: The company through its wholly owned subsidiaries has agreed to acquire MediaAgility Inc. and its subsidiaries in India, the United Kingdom, Mexico and Singapore for a total of $71.71 million.
RITES: The company declared third interim dividend of Rs 7.5 per share (75% of paid up share capital).
Bank of Baroda: Baroda Asset Management is merging with BNP Paribas Asset Management India to form Baroda BNP Paribas Asset Management. The lender holds 50.1% stake in the new firm while BNP Paribas owns the rest.
Black Box: The company has approved a share split that breaks up shares of face value Rs 10 each into shares of face value Rs 2 each.
Anupam Rasayan: The company has appointed Amit Khurana as chief financial officer in place of Afzal Malkani, who has now been appointed as non-executive director on Tanfac’s board as a nominee of the firm.
Kabra Extrusion Technik: The company has agreed to acquire 100% share capital of Varos Technology for Rs 80 lakh.
Coal India: The world's largest coal producer offered 160.5 million tonnes of coal until February under e-auctioning.

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GATI: Promoter Mahendra Kumar Agarwal invoked a pledge of 29,200 shares on March 9.

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Seshasayee Paper & Boards: Promoter Time Square Investments bought 10,000 shares on March 11.
Vaibhav Global: Promoter Group Brett Enterprises bought 2,000 shares on March 11.
J. K. Cement: Promoter Yadu International bought 2,400 shares on March 9.
TeamLease Services: Promoter NED Consultants LLP and Promoter HR Offshoring Ventures PTE sold 11,600 shares each on March 10.
Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 25,000 shares on March 10.

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BSE: Integrated Core Strategies Asia PTE bought 4.1 lakh shares (0.91% stake) at Rs 2,895.8 apiece.
Dhampur Sugar Mills: Oregon Public Employees Retirement System bought 4.6 lakh shares (0.69% stake) at Rs 492.28 apiece.
Subex: UNO Metals sold 32.65 lakh shares (6% stake) at Rs 37.47 apiece.