Stocks to watch: MTAR Technologies, JSPL, Dabur India, SBI Cards

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Here is the list of top stocks that could be in focus on March 15.

MTAR Technologies: Shares of MTAR Technologies to list on bourses on Monday.

JSPL: Jindal Steel & Power (JSPL) has recorded 18% growth Year on Year (Y-o-Y) in steel production with 6.53 lakh tones in February 2021 as compared to 5.54 lakh tonnes in the previous year. The company also reported a 14% y-o-y growth in shipments to 5.45 lakh tonnes as compared to 4.80 lakh tonnes in the previous year. While shipments were 6% lower Month on Month (m-o-m), on a per day basis, shipments were 4% higher m-o-m. Exports accounted for 26% of the total sales volumes.

Dabur India: Dabur India has incorporated a wholly owned subsidiary company namely Herbodynamic India. This new subsidiary company will engage in the business of manufacturing, sale and export of consumer care products.

Orientbell: The company has launched its all- new wall range-Eleganz and new designs and colours for the Coimbatore market after over two years. The theme of the launch is to break the norm and it is brought to life by designs that can be laid differently on a wall compared to usual designs in the market. The new Eleganz range also includes designs which can be laid vertically, which is another feature that breaks the traditional norms of horizontal laying of tiles.

CDSL: Central Depository Services (India) (CDSL) has received approval from IFSCA for the formation of proposed subsidiary – CDSL IFSCA with an initial net worth of Rs 5 crore, which should be enhanced to Rs 25 crore within a period of 5 years keeping in view the operations.

SBI Cards: SBI Cards and Payment Services (SBI Card) has received an approval for raising of funds by way of issuance of non-convertible debentures (NCDs) aggregating to Rs 2,000 crore. The company will raise the money in one or more tranches over a period of time. The board of directors of the company, at its meeting held on March 12, 2021 has approved the same.

GOCL Corporation: The company is planning to raise funds by way of private placement of Redeemable Non-Convertible Debentures (NCDs) to be issued in one or more tranches as may be decided by the board of directors or a committee thereof from time to time. The meeting of the board of directors scheduled to be held on March 18, 2021 to approve and consider the same.

Rossell India: The firm has signed an agreement to sell its smallest property of the tea business, Bokakhat Tea Estates, situated at Jorhat in Assam, having the production base of about 4.80 lakh Kgs of Black Tea. The sale of the said tea estate shall not have any significant impact on the profitability of the company.