Stocks to watch- IT Stocks: Indian information technology sto | Neeraj Joshi

Stocks to watch-

IT Stocks: Indian information technology stocks are expected to fall, tracking lowered revenue outlook by Accenture Plc.

Muthoot Finance: The company acquired an additional 4.48% stake in unit Belstar Microfinance for Rs 300 crore. The shareholding now stands at stake to 63.50%.

Life Insurance Corp: The company increased its stake in LTIMindtree from 4.99% to 5.03%.

Wipro: The company incorporated a new entity 'SDVerse' with General Motors and Magna International.

Bharat Dynamics: The company approved the appointment of G Gayatri Prasad as chief financial officer and approved split of each share into 2.

Reliance Power: The company has settled the entire obligations with respect to its borrowings from DBS Bank India. As a result, the assets of 45 MW wind power project are free from the encumbrance.

Mazagon Dock: The company accepted the offer of Mumbai Port Authority for the allotment of land and building on long term lease basis of 29 years. The total allotment cost is Rs 354 crore.

Sarda Energy: The company's unit received a letter of intent for licence for an iron ore block in Maharashtra.

Tata Chemicals: The company received order from income tax department levying penalty of Rs 103.6 crore.

Jindal Saw: NCLT approved scheme of amalgamation among Jindal Quality Tubular, Jindal Tubular (India), Jindal Fittings and company.

Tata Communications: The board approved agreement to hive-off new edged digital services business to unit for Rs 458 crore.

Bank of India: The board will meet on March 27 to consider proposal of fund raising by issue of long term (infra) bonds.

Azad Engineering: The cor company approved the incorporation of two subsidiaries.

Crompton Greaves Consumer Electricals: The company received notice for income tax department for tax demand of Rs 68 crore for AY23.

Prestige Estates: The company's unit acquired 62.5 acres land for Rs 468 crore in NCR for integrated township.