Stocks To Watch: Bharti Airtel, Emami, L&T, PVR, Vedanta, Wipro

Asian equities and U.S. futures declined on Monday amid Russia’s war in Ukraine and the concerns of an economic downturn due to tightening of U.S. monetary policy.

Shares fell in Japan and South Korea but rose in Australia. S&P 500 and Nasdaq 100 contracts retreated, hinting at a possible pause in the global rally in equities. Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50 index, rose 0.31% to 17,244.50 points as of 6:40 am.

West Texas Intermediate crude slid to around $110 a barrel partly on concern that China’s virus resurgence imperils demand. A dollar gauge advanced, while the yen was around a six-year low against the greenback.

In cryptocurrencies, Bitcoin scaled $46,000 as the digital token turned positive for the year.

• PVR: The multiplex operator has approved a merger with Inox Leisure. Shareholders will get three shares of PVR for every ten shares they hold of Inox. PVR now operates the largest multiplex network in India with 871 screens at 181 properties in 73 cities (India and Sri Lanka).

• Vedanta: The board of Vedanta approved capital expenditure of $687 million in Cairn Oil & Gas to increase near-term volume. It earmarked a capex of $466 million towards Zinc International’s Gamsberg Phase 2 project. Further, it has set aside $348 million for an expansion project at its subsidiary ESL Steel.

• Larsen & Toubro: The Ministry of Defence has signed a contract with Larsen & Toubro for acquisition of two multipurpose vessels for Indian Navy at an overall cost of Rs 887 crore.

• Emami: The company has acquired Dermicool category from Reckitt Benckiser Group Plc for Rs 432 crore.

• Bharti Airtel: Bharti Airtel to buy 4.7% stake in Indus Towers for Rs 2,388.06 crore.

• Adani Enterprises: The company's two units, Mahanadi Mines and Minerals and MP Natural Resources, have won a coal block each in Odisha and Madhya Pradesh.

• GAIL India: To consider buyback of its shares on March 31.

• Wipro: Approved interim dividend of Rs 5 per equity share for FY22.

• PTC India Financial: Gets income tax refund of Rs 50.97 crore.

• Indiamart Intermesh: To acquire 51.09% stake in Finlite Technologies (Livekeeping) for Rs 45.98 crore. The acquisition is expected to be completed in 60 days.

• Sun Pharma: The company has presented Phase 3 Data for WINLEVI (clascoterone) cream 1% for the Topical Treatment of Acne Vulgaris at the AAD Annual Meeting.

• Exide Industries: Exide Industries incorporated a wholly owned subsidiary, Exide Energy Solutions Ltd., to set up a a green field multi-gigawatt Lithium-ion cell manufacturing facility in India with an initial authorised and paid-up equity share capital of Rs 100,000.

• Responsive Industries: Mrunal Shetty has resigned as director and chief financial officer. The company has accepted his resignation and relieved him of his responsibilities with effect from March 24, 2022.

• Bank of Baroda: The bank has acquired 10 lakh equity shares of Open Network for Digital Commerce.

• Indian Hotels: The board announced closure of the QIP launched on March 22. The issue price had been fixed at Rs 202 per share.

• Sun Pharmaceutical Industries: Promoter Group Shanghvi Finance revoked a pledge of 85.97 lakh shares on March 22.

• Grasim Industries: Promoter Group IGH Holdings bought 1.25 lakh shares between March 22 and March 23.

• Bajaj Holdings: Promoter Group Bachhraj & Co. bought 29,091 shares between March 22 and March 23.

• Sudarshan Chemical Industries: Promoter and Director Rajesh Balkrishna Rathi bought 13,151 on March 23.

• Vaibhav Global: Promoter Group Brett Enterprises bought 1,708 shares on March 24.

• Geojit Financial Services: Promoter BNP Paribas SA sold 3.95 lakh shares on March 21 and March 22.

• Ramkrishna Forgings: Promoter Riddi Portfolio bought 30,000 shares on March 24.

• Strides Pharma Science: Promoter Pronomz Ventures bought 45,450 shares between March 21 and March 22.

• PTC Industries: Promoter and Director Sachin Agarwal bought 815 shares on March 24.

• TeamLease Services: Promoter HR Offshoring Ventures and NED Consultants LLP sold 54,544 shares each between March 23 and March 25.

• Infibeam Avenues: Promoter Malav Ajitbhai Mehta sold 75 lakh shares between March 23 and March 25,

• Star Cement: Promoter Group Suchita Agarwal sold 5000 shares on March 22.

• Yasho Industries: Promoter and Director Parag Vinod Jhaveri bought 25,000 shares on March 3.

• Nuvoco Vistas Corp: Promoter Niyogi Enterprise bought 37,143 shares on March 23 and March 24.

• Butterfly Gandhimathi Appliances: Crompton Greaves Consumer Electricals bought 98.33 lakh shares (55% stake) at Rs 1,403 apiece. Promoter VM Seshadri sold 6.91 lakh shares (3.87% stake) at Rs 1,403 apiece. Promoter VM Lakshminarayanan sold 6.91 lakh shares (3.87% stake) at Rs 1,403 apiece. Promoter VM balasubramaniam sold 6.91 lakh shares (3.87% stake) at Rs 1,403 apiece. VM Gangadharam sold 6.91 lakh shares (3.87% stake) at Rs 1,403 apiece. VM Kumaresan sold 6.91 lakh shares (3.87% stake) at Rs 1,403 apiece. LLM Appliances sold 28.67 lakh shares (16.04% stake) at Rs 1,403 apiece. VM Chettiar & Sons India sold 35.07 lakh shares (19.62% stake) at Rs 1,403 apiece.

• MTAR Technologies: Kashmira Investment and Leasing bought 57,000 shares (0.19% stake) at Rs 1,775 apiece. Shridhar Iyer bought 57,000 shares (0.19% stake) at Rs 1,775 apiece. Aarti Grover bought 1.41 lakh shares at Rs 1,775 apiece. Fabmohur Advisors LLP sold 2.55 lakh shares (0.46% stake) at Rs 1,775 apiece.

• Lemon Tree Hotels: JP Morgan Indian Investment Trust Plc bought 42.71 lakh shares (0.54% stake) at Rs 60 apiece. Promoter Spank Management Service sold 1 crore shares (1.26% stake) at Rs 60 apiece.

• MTAR Technologies: Aditya Birla Sun Life Mutual Fund bought 1.76 lakh shares (0.57% stake) at Rs 1,795 apiece. UTI Mutual Fund bought 2.20 lakh shares (0.72%) at Rs 1,795 apiece. Abu Dhabi Investment Authority Way bought 1.56 lakh shares (0.51%) at Rs 1,795 apiece. BNP Paribas Arbitrage bought 2.77 lakh shares (0.90%) at Rs 1,797.13 apiece. Segantii India Mauritius bought 2.11 lakh shares (0.69%) at Rs 1,795 apiece. Solidus Advisors LLP sold 4.89 lakh shares (1.59%) at Rs 1,796.41 apiece. Fabmohur Advisors LLP sold 19.42 lakh shares (6.31%) at Rs 1,793.44 apiece.

• Symphony to meet institutional investor Enam Asset Management on March 29.

• Price band revised from 20% to 10%: Ganesh Housing Corporation

• Moved out Of short-term ASM framework: Ruchi Soya Industries

• Record date for interim dividend: TVS Motor Co.

• Ex-date face value split: Goldiam International

• Ex-date interim dividend: Steel Authority of India

• SJS Enterprises - Emerging Superstar In A Niche Industry: IDBI Capital Initiates Coverage

• VRL Logistics - New Branch Additions To Support Volume Growth: Motilal Oswal

• SBI - Well On Track To Achieve Profitability Goals: Motilal Oswal