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Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 115330.97 Crore) operating in Auto sector.

The Chennai-based Veranda said it has signed an agreement to acquire the test-preparation institute chain, TIME, for Rs 287 crore.

As of 31-Mar-2022, promoters held 39.99 per cent stake in the company, while FIIs held 34.31 per cent and domestic institutional investors had 4.19 per cent.

Eros Media’s studio division, which already owns, manages and controls one of the world’s largest Indian-language film libraries of over 3,000 titles spanning decades, will be focused on monetising its library of content-driven films with appropriate budgets to generate an attractive rate of return, reports said.

Vedanta plans to auction 0.10 million metric standard cubic meters a day of natural gas on May 12. The supplies will start no later than June 1 and end on May 31, 2023.

Bajaj Finance, HDFC Life Insurance, Macrotech Developers, AU Small Finance Bank, United Breweries, Tata Teleservices (Maharashtra), Nippon Life India Asset Management, Aditya Birla SL AMC, KPIT Technologies and UTI Asset Management Company are some of the companies that are scheduled to announce their March quarter results today.

Stocks that were in focus include BPCL which fell more than 6 per cent and was also one of the top Nifty50 loser, Adani Power was locked in the upper circuit of 5 per cent, and Mahindra CIE rallied more than 6 per cent on Monday.

"We are of the view that FII selling will be entering a ‘taper’ period and is not something that one should be overly worried of. We are quite sanguine about the prospects of flows in H2. Also, historically whenever we have seen such outflows, the following year markets have given positive returns."

“This year will be more difficult to navigate. We are firmly in the camp that this is going to be a year of bottom-up stock picking. While at the headline level, market correction is at a certain level, we have also seen some stocks correct very sharply and therefore bottom-up, we are looking at certain opportunities.”

“We are not buying HDFC, HDFC Bank right now for a number of reasons. One of the main things is the liquidity issue with respect to the MSCI indexes. We believe that it has a severe pressure point on the stock because passive portfolios which track the MSCI indexes will probably have to exit more than Rs 10,000 crore worth of HDFC stock in a fairly short time.”