Stocks to watch: Larsen & Toubro, Indiamart Intermesh, Rana Sugars, CSB Bank

Here is the list of top stocks that could be in focus on March 31.

L&T: Larsen & Toubro’s (L&T) construction arm — L&T construction has secured orders from its prestigious client for its various businesses. The company’s Heavy Civil Infrastructure business has secured an EPC order to construct a New Four-lane Bridge (parallel to the existing Vikramshila Setu) from Km 8plus 080 to Km 14plus 309 including approaches across river Ganga on the newly declared NH-131B at Bhagalpur in the state of Bihar. The project is scheduled to be completed in 48 months. The Water and Effluent Treatment business has bagged a design, build and operate order from Municipal Corporation, Amritsar for engineering, procurement and construction of bulk water supply system in the city of Amritsar. The project is part of Punjab Municipal Services Improvement Project (PMSIP).

Indiamart Intermesh: The company has indirectly, through its wholly owned subsidiary — Tradezeal Online, agreed to acquire 11.01% of the share capital (on fully diluted basis) of Legistify Services. This investment shall be in line with the company’s long term objective of offering various Software as a Service (SaaS) based solutions for businesses.

Rana Sugars: The company has invested its funds in incorporating subsidiary in the name & style of Buttar Biofuels for which the initial shares application money was paid by the company in due course for completing the investment. The main object of the acquisition is to have a Wholly Owned Company which is engaged in the business of manufacturing, producing, refining, processing, buying, selling, importing, exporting or otherwise to deal in ethyl alcohol, ethanol and biodiesel fuel.

HKG: HKG has launched new portal ‘MY LOCKER’ to company’s web bank. MY LOCKER is an online document storage facility and is used to securely save the copies of all their documents and certificates in the digital format. User’s who sign up for a MY LOCKER account get a dedicated cloud storage space that is absolutely safe and secured in terms of privacy, so it thereby eliminates the use of physical documents and also the worry of losing the documents and certificates.

UltraTech Cement: The company has prepaid its long-term loans of Rs 5,000 crore. The loan repayment has been done through free cash flows that the company has generated over the last few quarters despite the pandemic. However, the company did not share the deadline by which the long-term loans were to be prepaid.

IRB Infrastructure Developers: The company has won two highway projects in West Bengal and Himachal Pradesh, taking the total project wins in FY21 to Rs 5,004 crore. With the entry in West Bengal and Himachal Pradesh, the company’s footprints have now been spread to 10 states across India. The total order book of the company stands at Rs 14,509 crore including construction order book of Rs 7,583 crores, providing revenue visibility of more than two years.

CSB Bank: The bank has opened its 101st branch of the current financial year and this feat becomes even more significant as this achievement has been accomplished on the 101st year of the Bank’s existence.