Stocks To Watch On Budget Day: ONGC, Nestle, GAIL, Waaree Energies, Tata Power, Britannia

Oil & Natural Gas Corp., Nestle India Ltd. and GAIL (India) Ltd. are some stocks that will be on the radar on Saturday.

The ONGC board approved the acquisition of 1.15 crore shares of JV Mangalore SEZ from IL&FS for Rs 56 crore, while Nestle India added a KitKat production line for Rs 1,100 crore at the Sanand Factory in Gujarat.

• Oil & Natural Gas Corp.: The company's board approved the acquisition of 1.15 crore shares of JV Mangalore SEZ from IL&FS for Rs 56 crore.

• Nestle India: The company added a KitKat production line for Rs 1,100 crore at the Sanand Factory in Gujarat.

• GAIL (India): The company increased the start-up corpus fund from Rs 100 crore to Rs 500 crore to boost innovation and entrepreneurship.

• Waaree Energies: Waaree Clean Energy Solutions, a subsidiary of the company, received a notification of award from the Solar Energy Corp. for setting up a production unit of 90,000 MT/annum for Green Hydrogen.

• KPI Green Energy: The company commissioned 40.16 megawatts of renewable power projects under the captive power producer segment.

• Tata Power Co.: A subsidiary of the company has signed a memorandum of understanding with Rajasthan Discoms to accelerate the adoption of rooftop solar systems.

• Aurobindo Pharma: The company's subsidiary CuraTeQ Biologics got a positive opinion for the biosimilar Dyruped from the European Medicines Agency.

• Hero MotoCorp: Niranjan Gupta will step down as chief executive officer on April 30, with Vikram Kasbekar set to take over as acting chief executive officer from May 1.

• Punjab National Bank: The bank hiked MCLR by 5 basis points across tenures effective from Feb. 1.

• Britannia Industries: Amit Doshi resigned as the chief marketing officer effective from March 17.