Stocks to watch: Reliance Industries, Bharti Airtel, Tata Power, Indian Oil Corp, Nestle

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Here is the list of top stocks that could be in focus on March 1.

Reliance Industries: Reliance Strategic Business Ventures, a subsidiary of Reliance Industries, on Sunday announced it has raised its shareholding in investee company skyTran Inc to 54.46 per cent, acquiring additional equity stake for a consideration of USD 26.76 million (Rs 196.9 crore).

Puravankara: The company has entered into plotted development segment and will start six projects over the next 6-7 months with an investment of about Rs 825 crore, as it seeks to tap the rising demand of plots. The company has created a separate brand and team ‘Purva Land’ to enter into plotted development segment. To begin with, the company, a leading real estate firm in South and West India, will launch around 5.5 million sq ft area across six projects in Bengaluru, Chennai and Coimbatore where it will offer plots.

Wipro: Wipro has completed the acquisition of stake in Eximius Design, a leading engineering services company with strong expertise in semiconductor, software and systems design. Earlier, the company had signed a definitive agreement to acquire Eximius Design.

Tata Power: MG Motor and Tata Power have jointly set up a 50kW superfast electric vehicle (EV)-charging station, making it as one of the superfast charging stations in the country. The deployment of the station was in line with MG’s vision to enhance the electric vehicle-charging eco system with 50kW and 60kW DC stations.

IOC: Indian Oil Corporation (IOC) has received approval for capital investment for capacity expansion of Panipat Refinery from 15 Million Metric Tonne Per Annum (MMTPA) to 25 MMITPA along with installation of Polypropylene Unit and Catalytic Dewaxing Unit at an estimated cost of Rs 32,946 crore. The project is expected to be commissioned by September 2024.

Bharti Airtel: Bharti Airtel’s wholly owned subsidiary — Airtel Digital has agreed to subscribe 5,000 equity shares, translating into an equity shareholding of 10% in Ferbine on February 25, 2021. Acquisition expected to be completed on or prior to March 05, 2021.

Nestle: With focus on fast-growing rural market, Nestle is planning to reach around 1.2 lakh villages with each having population of over 5,000 over the next two-three years, supported by distribution expansion and some portfolio tweaking. To support the move, Nestle is also planning a communication thrust for messaging and advertising, which will be more rural centric.