The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.39% higher by 90.50 points at 23,547.50, indicating that the domestic benchmark indices are likely to make a positive start on Friday. 

On Thursday, 21 October, Domestic benchmark indices S&P BSE Sensex surged 422.60 points or 0.54% to end at 77,155.79 while the Nifty50 traded 168.60 points lower or 0.72% and settled at 23,349.90.

Here are some stocks that are likely to remain in focus on 22 October.

SJVN: The company has announced the signing of a Memorandum of Understanding (MoU) with the Rajasthan government’s Energy Department to develop extensive renewable energy projects across the state.

Tata Power: The company has signed an initial pact with the Asian Development Bank to evaluate financing worth $4.25 billion for several strategic projects. 

Afcons Infrastructure: The company has emerged as the lowest bidder from the Uttarakhand Project Development and Construction Corporation for a project worth Rs 1,274 crore.

Protean eGov Technologies: NSE Investments is planning to divest around 20.31% stake in the company via an offer for sale (OFS), and the floor price of this OFS has been set at Rs 1,550 per share. 

Hyundai Motor India: The company has signed a power purchase and shareholder agreement with Fourth Partner Energy to establish two renewable energy plants in Tamil Nadu. The company is planning to invest Rs 38 crore towards the development of these facilities. 

Infosys: The Georgia Department of Labor in the USA has levied a $3.28 million penalty on the company for the period spanning Q3 2019 to Q1 2024. The company is now working to obtain clarifications regarding the unpaid taxes and related penalties.

LTIMindtree: Life Insurance Corporation of India (LIC) has increased its holding in the company to 7.034% from 5.033%. 

Vedanta: The company has postponed its proposed dollar bond issuance, citing concerns that the recent indictment of Adani Group Chairperson Gautam Adani by a U.S. court might lead to higher borrowing costs for Indian businesses.

Nippon Life India Asset Management: The company has announced inking a definitive agreement with One Place Commercials Private Limited for acquiring commercial office premises at One Lodha Place in Lower Parel, Mumbai.

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!