The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.71% higher by 160 points at 22,715, indicating that the domestic benchmark indices are likely to make a positive start on Friday. 

On Tuesday, 9 April, the Domestic benchmark index S&P BSE Sensex gained 354.44 points, or 0.47%, to end at 75,083.15 while the Nifty50 closed 111.05 points or 0.49% higher at 22,753.80.

Here are some stocks that are likely to remain in focus on 12 April.

Mahindra and Mahindra: The company has received an order from the Punjab Pollution Control Board regarding non-compliance with certain provisions of the Water Act, 1974, and has been directed to submit a Bank Guarantee worth Rs 50 lakh in seven days. 

Dr Reddy’s Laboratory: The pharmaceutical major has successfully launched Nerivio, a drug-free migraine management device, in Germany through its subsidiary Betapharm.

Wipro: The company has appointed Malay Joshi as the Chief Executive Officer (CEO) for its Americas 1′ Strategic Market Unit.

Phoenix Mills: The company reported a 27% year-on-year increase in total consumption to Rs 2,818 crore during the final quarter of FY24. The gross retail collections grew by 37% YoY to 791 crore.

Varun Beverages: The company plans to acquire a 14% stake in Huoban Energy 11 Private Limited and Aspirative Creative Ventures, respectively. 

Larsen and Toubro: The company has announced the successful divestment of L&T Infrastructure Development Projects Ltd, a joint venture with the Canada Pension Plan Investment Board.

Maharashtra Seamless: The company has bagged a significant work order from ONGC worth Rs 674 crore for the provision of casing seamless pipes. 

HDFC Life Insurance: The company has received a GST order worth Rs 40.55 lakh from the Deputy Commissioner of State Tax, Dehradun due to GST compliance for the period from 1 April 2018 to 31 March 2019.