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Stocks in Focus: Tata Motors, IIFL, NBCC, NTPC, and Others

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The GIFT Nifty futures were trading in the green, up by 0.11% or 24.50 points at 22,514.50, indicating the domestic indices will open on a positive note on Tuesday. 

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex were trading in the green on Monday and hit a new all-time high.

Nifty climbed 0.12%, up by 27.20 points, and closed at 22,405.600, whereas the Sensex climbed 66.14 points, up by 0.09% and closed at 73,872.29. 

Here are some stocks that are likely to remain in focus on 5 March.

Tata Motors: The company’s Board of Directors has given approval to demerge the company into two different listed companies. The company is planning to split its commercial vehicles and passenger vehicles business. 

IIFL Finance: The Reserve Bank of India has debarred the company from sanctioning and disbursing fresh gold loans. However, the company is allowed to continue servicing its existing gold loan portfolio. 

NBCC: The company’s subsidiary has received an order worth Rs 92 crore from the Post Graduate Institute of Medical Education and Research, Chandigarh.

NTPC: NTPC Green Energy has entered into a Joint Venture (JV) agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited for developing renewable power parks and projects in Uttar Pradesh.

Jindal Stainless: The company has announced the maiden use of green hydrogen for its stainless steel plant in Hisar, Haryana, which aligns with its net zero carbon emissions target. 

AU Small Finance Bank: The company has received approval from the Reserve Bank of India (RBI) for its merger with Fincare Small Finance Bank. 

PVR Inox: The company has announced the opening of its 6-screen cinema in Haryana. 

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