News Updates on Stocks; Stocks to Watch out for Tuesday

Mahindra & Mahindra: Auto major Mahindra and Mahindra (M&M) has announced that the Company, as part of its expansion plan, would make an additional investment at its Chakan plant in Maharashtra. M&M will invest over Rs 500 crore in its electric vehicle project under the new electric vehicle policy of the govt of Maharashtra.

Shares of Mahindra and Mahindra were trading lower by 0.92% at Rs. 718 on NSE in later morning deals Tuesday.

JSW Energy: JSW Energy Limited, a division of JSW Group in India, has entered into an agreement with the govt of Maharashtra for manufacturing of Electric Vehicles and Energy Storage Systems. JSW Energy shares were trading up 1.01% at Rs. 79.80 on NSE.

UCO Bank: UCO Bank seeks shareholders’ approval to issue shares worth up to Rs. 6510 crore on a preferential basis to the government. UCO Bank’s Stocks were trading lower over 2 percent.

Religare Enterprise: Religare Enterprise Limited approves raising of funds through the issue of warrants worth Rs. 916 crore. The Company’s Shares trading lower over 4 percent on NSE.