Maruti Suzuki, KEC International, Adani Ports

2021-03-23 03:35:25

Stocks To Watch: Maruti Suzuki, KEC International, Adani Ports

Maruti Suzuki India to increase prices across models from April 1 due to rise in input costs

The domestic stock markets are likely to open in the green, following positive global cues. Trends on SGX Nifty indicate a positive opening for the index in India, with a 57-points gain. At 7:30 am, the Nifty futures were trading at 14,772, higher by 57 points or 0.47 per cent, on the Singapore Stock Exchange.

On Monday, the S&P BSE Sensex declined 86.95 points to end at 49,771.29 and Nifty fell 7.60 points to 14,736.40.

Stocks to watch in trade in today’s session

Maruti Suzuki India

Maruti Suzuki India to increase prices across models from April 1 owing to rise in input costs. This will be the second price hike by the auto major this year. In January, the company had hiked vehicle prices by up to Rs 34,000.

KEC International

KEC International has bagged new orders of Rs 1,429 crore across its various businesses. The company has secured orders of Rs 701 crore for Transmission & Distribution projects and the railways business has secured orders worth Rs 366 crore.

Mahindra & Mahindra

The Defence Ministry has placed an order with Mahindra Defence Systems Limited (MDSL) for the supply of 1,300 light specialist vehicles to the Indian Army at a cost of Rs 1,056 crore. The induction of vehicles is planned to be completed in four years, the company said in an exchange filing.

Adani Ports

Adani Ports is acquiring the 58.1 per cent stake held by DVS Raju and family in Gangavaram Port Limited (GPL). The acquisition is valued at Rs. 3,604 crore.

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