Stocks to Watch on March 12: Focus on Bharti Airtel, Gensol, and Others

Market Overview: The Indian equity markets saw a mixed trading session on Tuesday, March 11. The Sensex experienced a slight decline of 12.9 points, closing at 74,102.3, while the Nifty 50 managed to gain 37.6 points, finishing the day at 22,497.9. With market participants gearing up for the next trading session, especially with the upcoming holiday for Holi on Friday, several stocks are expected to attract attention on Wednesday, March 12.

Stock in Focus: Angel One

The board of Angel One is set to meet on Wednesday to deliberate on a proposed interim dividend for its shareholders. This meeting could influence investor sentiment regarding the stock.

Stock in Focus: Gensol

Gensol’s board is also scheduled to convene on the same day to discuss plans for raising funds and the possibility of a share split, which may impact the stock’s performance.

Kolte Patil

Kolte Patil's board will meet on Wednesday to consider strategies for raising capital, an important decision as the company continues its growth agenda.

GR Infraprojects

The stock of GR Infraprojects is expected to trade ex-dividend at the market open on Wednesday. The company recently announced an interim dividend of ₹12.5 per equity share, which may attract investor interest.

Stock in Focus: Bharti Airtel

In a significant development, Bharti Airtel has entered into an agreement with SpaceX, which will allow the telecom giant to offer high-speed internet services to its customers in India, potentially enhancing its competitive edge.

Railway PSU Shares in Focus: RVNL

RVNL has been identified as the lowest bidder for a project under the National Highway Authority of India (NHAI) worth ₹554.6 crore, which could bolster the company's revenue stream.

Godrej Agrovet

Godrej Agrovet plans to acquire an additional 48.06% stake in Creamline Dairy Products for ₹930 crore, indicating its confidence in the dairy sector.

Kaynes Technology

The capital market regulator, SEBI, has issued a show-cause notice to Kaynes Technology CEO Ramesh Kunhikannan, concerning alleged lapses in maintaining a structured digital database pertaining to financial results for the fiscal year ending March 31, 2023.

Metal Stocks in Focus

Metal shares are expected to receive attention after announcements from the US regarding increased tariffs on Canadian steel and aluminum imports, which could affect global pricing dynamics.

Stock in Focus: TCS

Tata Consultancy Services (TCS), India's IT giant, has announced its acquisition of commercial real estate company Darshita Southern India for ₹2,250 crore, which may influence stock movement positively.

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