The markets remained resilient and scaled record highs on Monday with more than 7 Nifty stocks also hitting their fresh record highs, including heavyweight Reliance Industries. The Sensex ended higher by 281 points, while the Nifty gained 81 points to end at 22,122. However, analysts believe that the banking rally will be the next trigger that will take the markets to levels of 22,500 on the upside.
Top stocks to watch today are Whirlpool, Kotak Mahindra Bank, NBCC India, Vibhor Steel Tubes.
Whirlpool: Shares of Whirlpool will be in focus as the promoter is likely to offload 24% equity via block deal today. The total size of the block deal is likely to be $451 million and the floor price has been fixed at Rs 1,230 per share, which is at a 7.6% discount to Monday’s closing price, according to reports.
Kotak Mahindra Bank: Shares of Kotak Mahindra Bank will be in focus today after the bank on Monday announced rejig at its top management. The bank re-designated Shanti Ekambaram as the Deputy MD and KVS Manian as Joint MD of the bank with effect from March 1, 2024. Shanti Ekambaram and KVS Manian are currently Whole-Time Directors of the bank. Further, it has appointed Devang Gheewalla as the new Chief Financial Officer (CFO) of the bank effective April 1, 2024.
NBCC India: NBCC shares today will be in focus as the company has received three work orders worth Rs 369 crore including infrastructure development works of Rani Lakshmi Bai Central Agricultural University at Jhansi, and renovation & furnishing project of ICAI Bhawan, Noida.
Vibhor Steel Tubes: Shares of Vibhor Steel Tubes will list on the bourses today. The final issue price was set at Rs 151 per share. The company had received stellar response from investors in its 3-day IPO subscription process.
