Stocks to watch on March 1st: Reliance, Bharti Airtel, Affle, IOC, KEC International

Stocks to watch on March 1st: On Friday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last session of the market. The Sensex is trading above 49,600 levels and nifty trading above 14,600 levels in the stock market. The Sensex gained 578.63 points with a 1.18% increase and reached 49,665.16 levels. While the nifty gained 150.35 points with a 1.05% increase and reached 14,681.45 levels.

On the other side, the number of coronavirus cases in India on Monday, March 1st reached 1,11,12,241 with almost 1,57,157 deaths.

Reliance Industries Limited: On Saturday, the companies wholly-owned subsidiary Strategic Business Ventures Limited bought additional stakes in SkyTran Inc for almost $26.76 million. Now the total stakes hold by the company reached 54.46%. 

However, the shares of Reliance Industries Limited on Monday reported a bullish trend in the stock market. It gained 18.25 points with a 0.87% increase and reached 2,102.70 INR. While in BSE, the company gained 19.90 points with a 0.95% increase and reached 2,103.05 INR.

Bharti Airtel Limited: On Friday, the company shares sold by Integrated Core Strategies Pvt Limited for Rs. 556.46 per equity share with almost 3,70,59,893 shares on the NSE via the open market transaction.

However, the shares of Bharti Airtel Limited on Monday reported a bearish trend in the stock market. It lost 15.20 points with a 2.73% decrease and reached 539.00 INR. While in BSE, the company lost 16.40 points with a 2.94% decrease and reached 540.70 INR.

Indian Oil Corporation Limited: The company board members decided to invest Rs. 32,946 crores for the expansion of Panipat refinery capital to 25 million tonnes per year as against 15 million tonnes per year.

However, the shares of IOC Limited on Monday reported a bullish trend in the stock market. It gained 2.75 points with a 2.80% increase and reached 100.80 INR. While in BSE, the company gained 2.85 points with a 2.91% increase and reached 100.85 INR.

NLC Limited: The company on Monday issued 6,000 commercial paper worth Rs. 300 crores with a face value of Rs. 5,00,000 each.

However, the shares of NLC Limited on Monday reported a bullish trend in the stock market. It gained 1.05 points with a 1.99% increase and reached 53.90 INR. While in BSE, the company gained 0.90 points with a 1.70% increase and reached 53.75 INR.

Affle India Limited: The company board members on Saturday decided and approved the fundraising of Rs. 1,080 crores via qualified institutional placement (QIP).

However, the shares of Affle India Limited on Monday reported a bullish trend in the stock market. It gained 130.60 points with a 2.51% increase and reached 5,330.00 INR. While in BSE, the company gained 155.20 points with a 2.98% increase and reached 5,354.90 INR.

Hindustan Aeronautics Limited: The company board approved its second interim dividend of Rs. 15 per equity share for FY21.

However, the shares of Hindustan Aeronautics Limited on Monday reported a bullish trend in the stock market. It gained 3.15 points with a 0.15% increase and reached 2,135.20 INR. While in BSE, the company gained 9.75 points with a 0.46% increase and reached 2,141.80 INR.

Minda Industries Limited: On Saturday, the NCLT approved the merger of Harita, Harita Venu, Harita Cheema, Harita Financial Services, and Harita Seating Systems with Minda Industries.

However, the shares of Minda Industries Limited on Monday reported a bullish trend in the stock market. It gained 1.05 points with a 0.19% increase and reached 567.50 NR. While in BSE, the company gained 5.40 points with a 0.96% increase and reached 570.50 INR.

KEC International Limited: The company on Monday bagged a new contract worth Rs. 1,140 crores in various businesses.

However, the shares of KEC International Limited on Monday reported a bullish trend in the stock market. It gained 10.90 points with a 2.80% increase and reached 442.70 INR. While in BSE, the company gained 11.30 points with a 2.63% increase and reached 441.70 INR.

Top Gainers on March 1st: ONGC, IOC, Power Grid Corporation, UPL, and Coal India are the top gainers in today’s stock market.

Top Losers on March 1st: Bharti Airtel and Hindalco Industries are the top losers in today’s stock market.