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    Stocks in the news: Easy Trip Planners, RIL, Bharti Airtel, PG Electroplast and Varroc Engg

    Synopsis

    The Delhi High Court upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal.

    BSE 10 (1)
    PG Electroplast Ltd (PGEL) on Thursday announced investing Rs 100 crore in two years to expand its existing Ahmednagar plant.
    Nifty futures on the Singapore Exchange traded 65.50 points, or 0.45%, lower at 14,530 in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may buzz the most in today's trade:

    Easy Trip Planners: The stock will make market debut on Friday. The Rs 510 crore issue, which was sold from March 8 to March 10, was a big hit among investors, receiving a whopping 159.33 times bids. The scrip was trading with a premium of Rs 150-155 in the grey market, an official market for unlisted shares.

    Reliance Industries, Future Retail: The Delhi High Court upheld the Singapore Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon.

    Bharti Airtel: Investment firm TPG's Rise Fund will invest $200 million (around Rs 1,450 crore) in Airtel Africa's mobile money business, Airtel Mobile Commerce BV, at a valuation of $2.65 billion, Airtel said.

    Tata Steel, JSW Steel: UBS has upgraded its ratings on steel stocks — Tata Steel and JSW Steel — from ‘neutral’ to ‘buy’ as the domestic businesses of both the companies reported their highest ever operating profit in the December quarter. The brokerage increased its price target for JSW from Rs 310 to Rs 500 and for Tata Steel from Rs 415 to Rs 900.

    PG Electroplast: Electronic manufacturing services and plastic moulding service provider PG Electroplast Ltd (PGEL) on Thursday announced investing Rs 100 crore in two years to expand its existing Ahmednagar plant.

    Dalmia Bharat Sugar and Industries: The company said it has forayed into business-to-consumer segment and announced the launch of its packaged sugar under the brand name Dalmia Utsav.

    Varroc Engineering: Auto component maker Varroc Engineering said it has entered into a contract manufacturing agreement with Vancouver-based Delta-Q Technologies Corp.

    IRCTC: The Federation of Hotel & Restaurant Associations of India (FHRAI) and the Indian Railway Catering and Tourism Corporation (IRCTC) said they have partnered to offer hotel accommodations to tourists.





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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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