Mid-Day Stock Watch on April 4

Hours since the markets opened today, after a careful observation of stocks' movements and analysis, we find these below mentioned five stocks worth watching during rest half of the day: 

a) MBL Infrastructures: MBL Infrastructures bagged two NHAI Projects worth Rs 2126 crore. The company’s first project worth Rs 942 crore is for four laning of Chhutmalpur-Ganeshpur section of NH-72A & Roorkee-Chhutmalpur-Gagalheri section of NH-73 in the state of Uttarakhand and Uttar Pradesh under (National highway Development Project) NHDP-IV. The second order is worth Rs 1184 crore for four laning of Gagalheri-Saharanpur-Yamunanagar section of NH-73 in the state of Uttar Pradesh under NHDP-IV.

b) Cox & Kings: Cox & Kings divested entire 100 per cent stake in LateRooms and sold to Malvern Enterprises UK for GBP 20 million (Rs 1884 million). The company’s subsidiary, Holidaybreak has sold 100 per cent stake in Superbreak for GBP 9.25 million (Rs 871 million) with net cash transaction.

c) Minda Corporation: Minda Corporation has acquired 100 per cent equity of Panalfa Autoelektrik (PAEL) from its existing Indian promoters for Rs 27.8 crore. PAEL's manufacturing facility is situated in Haryana and it supplies its products to most of the tractor manufactures in India. The stock will be in focus for rest of the day.

d) Ramco Systems: Ramco Systems’ wholly owned subsidiary, Ramco Systems Australia, has secured a contract for an aggregate value of over AUD 5.0 million (Rs 253 million). The company will provide ERP (Logistics) and HCM solutions, to be provided to a leading Australia based group.

e) Infibeam Incorporation: Infibeam Incorporation listed at Rs 457 on bourses against issue price of Rs 432. The share price of the company increased by 8.08 per cent on bourses in early trades. It is the first e-commerce player in the country that listed on exchanges on Monday.