Stocks to Watch for March 18: Tata Steel, Tech Mahindra, Varun Beverages, Shree Cement and more

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From India Glycols Limited announcing an interim dividend of ₹7.5 per share to Varun Beverages Limited’ South African arm acquiring a 100% stake in Crickley Dairy Proprietary Ltd, here are the stocks to watch ahead of Wednesday’s trading session.

tech mahindra share price

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Tech Mahindra | The IT firm said its wholly-owned subsidiary, Tech Mahindra London Limited (TMLL), has entered into and executed a share sale and purchase agreement with Midad Company Ltd for the acquisition of 20% equity shares in Tech Mahindra Arabia Ltd, a subsidiary of the company.

Tata Steel share price

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Tata Steel Ltd |  The steel giant firm's board has approved a series of decisions, including the amalgamation of its wholly-owned subsidiary Neelachal Ispat Nigam Ltd (NINL), a major equity infusion into its foreign subsidiary, and the full acquisition of Medica TS Hospital in Odisha.

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Varun Beverages |  The FMCG firm's South Africa-based subsidiary, The Beverage Company Proprietary Ltd (Bevco), has entered into an agreement to acquire a 100% equity stake in Crickley Dairy Proprietary Ltd. Bevco will acquire the entire equity stake in Crickley for an enterprise value of ZAR 238 million, equivalent to ₹131.468 crore.

cement sector

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Shree Cement Ltd | The country's third-largest cement group by capacity, said it has been declared the preferred bidder for the Dommarnandyala-1 limestone block in Andhra Pradesh following its participation in an e-auction conducted by the state government.

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Wipro Ltd | Wipro announced a strategic collaboration with Harness to accelerate AI-native software delivery for global enterprises, enhancing speed, reliability, and governance.

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Aurobindo Pharma Ltd | The pharma company said the US Food and Drug Administration (FDA) has classified one of its subsidiary units, unit-II of Eugia Pharma Specialities Ltd, as ‘Official Action Indicated’ (OAI) following an inspection.

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Ceigall India Ltd | The firm said its wholly owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), has emerged as the lowest (L1) bidder for two tenders floated by the Punjab Infrastructure Development Board. The bid values stand at ₹108 crore and ₹99 crore, respectively.

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India Glycols Ltd | The green chemical firm announced an interim dividend of ₹7.5 per equity share for the financial year 2025–26. The dividend amounts to 150% of the face value of ₹5 per equity share.

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Tamilnadu Petroproducts Ltd | The industrial chemicals maker firm said it has temporarily shut its HCD plant to comply with the government's order to prioritise using crude-based petroleum products towards LPG production.

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