Key Stock Movements on the Watch Before Market Opens on March 21, 2024

Pre-Market Corporate Shakers on March 21, 2024

Investors and market participants are gearing up for a busy trading day, as multiple corporations have made announcements prior to the opening bell on March 21, 2024. Here's a roundup of the buzzing stocks and the latest developments from these companies.

Leadership and Project Developments Across Companies

Wipro revealed the appointment of Anne-Marie Rowland as Capco's new CEO, joining its Executive Committee. Rail Vikas Nigam Ltd (RVNL) secured a significant electric traction system project, aimed at enhancing South Eastern Railway's cargo capacity. Bajaj Finance announced executive re-designations and extended the terms of its independent directors.

Important Orders, Acquisitions, and Expansion Plans

Cyient disclosed a corporate insolvency resolution process involving its joint venture Infotech HAL. Crompton Greaves Consumer Electricals snagged a lucrative solar water pumping system order as part of the PM-KUSUM scheme. NHPC and REC disclosed upcoming board meetings to discuss future debt-raising strategies.

Directorial Appointments and Subsidiary News

ITC welcomed new independent and non-executive directors to its board. ICICI Bank turned I-Process Services into a subsidiary. TVS Motor Company announced prospective independent directors pending shareholder approval.

Significant Transactions and Mergers

Torrent Power finalized a Share Purchase Agreement for acquiring a SPV focused on power evacuation from renewable sources. Sapphire Foods India received NCLT approval for a merger scheme. Jupiter Wagons made a strategic acquisition to boost its rolling stock manufacturing capabilities.

Corporate Financial Maneuvers

PB Fintech plans to establish a payment aggregators subsidiary, pending an RBI license. Krystal Integrated Services is poised to hit the stock exchange, having set its share price. Prince Pipes and Fittings has outlined a phased asset acquisition strategy focusing on expanding its offerings.

Market Debut and Stake Acquisitions

ASM Technologies and Hinduja Global Solutions undertake financial strategies for growth and efficiency. Polycab India restores IT operations following a ransomware incident. Texmo Pipes and Products solidifies its product portfolio through a strategic stake acquisition.

Announcements and Share Swaps

Wockhardt commences its QIP issue while Exicom Tele-Systems, among others, prepares to release quarterly earnings. Himadri Speciality Chemical engages in a share swap deal to acquire a stake in Invati Creations and raises funds through warrant allotments.

Stocks, Trading, Companies