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STOCKS to WATCH

Aditya Birla Capital: The board approved the amalgamation of the wholly owned unit Aditya Birla Finance with the company. The merger is subject to the sanction of the National Company Law Tribunal and other necessary approvals from the Reserve Bank of India and other shareholders.

ITC: British American Tobacco is preparing to kick off a sale of part of its stake in the company as soon as this week, Bloomberg reported. Amidst this, about 12 million equity shares (0.09% stake) changed hands in a large trade on Monday. It increased its stake in Sproutlife Foods to 44.74% for Rs 50 crore.

SpiceJet: Chief Operating Officer Arun Kashyap and Chief CommercialOfficer Shilpa Bhatia has resigned from the airline, PTI reported.

Rail Vikas Nigam: The company emerged as the lowest bidder from Central Railway for signalling and telecommunication work for the provision of automatic block signalling on Khapri-Sewagram section of Nagpur Division. It also received a construction order worth Rs 339 crore from Maharashtra Metro Rail Corp.

Adani Enterprises: The survey of Dharavi will commence on March 18 from Kamla Raman Nagar to digitally collect data from lakhs of informal tenement residents.

H.G. Infra Engineering: The company received a letter of award worth Rs 862.11 crore from the National Highways Authority of India.

Jupiter Wagons: The company received an order worth Rs 957 crore from the Ministry of Railways to manufacture and supply 2,237 units of BOSM wagons.

Mahindra and Mahindra: The company reported total production at 73,380 units vs. 58,203 units
YoY for the month of February.

Pitti Engineering: The company will buy Bagadia Chaitra Industries for an enterprise value of Rs
124.92 crore.

Wipro: The IT major has expanded its partnership with Nutanix to launch a new Nutanix-focused business unit.

Imagicaaworld Entertainment: The company announced its successful bid to establish a landmark concept at the iconic Sabarmati Riverfront in Ahmedabad for Rs 130 crore.

Triveni Engineering and Industries: The company acquired a 25.43% stake in Sir Shadi Lal
Enterprises for Rs 35 crore with the objective of expanding its business operations in sugar and
alcohol businesses.

IRB Infrastructure Developers: The company's unit, IRB Lalitpur tollway, achieves financial closure for the NH-44 project with Rs 3,500 crore in project finance from the lender.

HIL: The board approved a 100% equity acquisition of Crestia Polytech for a total consideration of Rs 160 crore.
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Buy HDFC Bank 1460
Sl 1415
T 1560
Short term
CMS INFO SYSTEMS
Cmp 390
SL : 353
TARGET: 440 480
Short term
SHILPA MEDICARE
CMP: 452
SL : 400
TARGET: 500 530 570
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