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Stocks in Focus: Paytm, Biocon, United Breweries, L&T, and Others

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The GIFT Nifty futures were trading in the green before the market’s opening on Thursday. Indices are expected to open on a similar positive note.

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex rebounded on Tuesday.

Nifty climbed 0.14%, up by 31.65 points, and closed at 21,982.8, whereas the Sensex climbed 195.42 points, up by 0.27% and closed at 72,500.30. 

Here are some stocks that are likely to remain in focus on 1 March.

Paytm: SoftBank subsidiary SVF India Holdings reduced its stake in One 97 Communication by 2.17% by selling 13.7 million shares via an open market transaction over the past month. They have also cancelled several agreements with Paytm Payments Bank Limited, given some of its independent plans. 

Biocon: The company received Form 483s with four observations from the US Food and Drug Administration (USFDA) for Biocon Biologics Limited’s Biocon Campus (Site 1) facility.

United Breweries: They have launched a brand new London Pilsner Strong Beer in the Karnataka market. 

Larsen and Toubro: The company has commissioned its first hydrogen electrolyser at Hazira, Gujarat.

Vedanta: The Supreme Court rejected the company’s plea against the closure of its copper smelting plant in Tamil Nadu’s Thoothukudi. 

Auto stocks: The shares of auto companies will be in focus today as the companies will release their February sales report.

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