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Stocks in Focus: Auto Stocks, Rail Vikas Nigam, HDFC Bank, Infosys, and Others

Picture Source: Internet

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.19% higher by 42.50 points at 22,524, indicating that the domestic benchmark indices are likely to make a positive start on Monday. 

On Thursday, 28 March, Domestic benchmark indices ended higher. The S&P BSE Sensex gained 655.04 points, or 0.9%, to end at 73,651.35, while the Nifty50 traded up by 203.25 points, or 0.92%, and settled at 22,326.90. 

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

Rail Vikas Nigam: RVNL has emerged as the lowest bidder for three projects from South Eastern Railway, North Eastern Frontier Railway, and the Energy Development Corporation. 

HDFC Bank: The company has entered into a binding term sheet for selling its entire stake in HDFC Education and Development Services Pvt. Ltd.

Infosys: The company expects a refund of Rs 6,329 crore from the Income Tax Department. 

Pharma Stocks: The National Pharmaceutical Pricing Authority (NPPA) has announced that prices of essential medicines will rise starting 1 April. The notice specifies a 0.00551% increase in the Maximum Retail Price (MRP) of scheduled formulations from the start of the fiscal year 2024-25.

Indian Oil Corporation: A binding term sheet has been signed by the company with Panasonic Energy to establish manufacturing facilities for Lithium-Ion Cells in India.

Torrent Power: The company has received a contract from its distribution unit to develop a 150-megawatt grid-connected wind-solar hybrid project for a total cost of Rs 1,825 crore. 

Lupin: The company has announced receiving approval from the US Food and Drug Administration (USFDA) for its Eslicarbazepine Acetate tablets, a generic version of Aptiom.

Auto Stocks: During the day, automobile companies such as Bajaj Auto, Maruti Suzuki India, Mahindra and Mahindra, Hero Moto Corp, Tata Motors, and Ashok Leyand will report their monthly sales for March.

Adani Total Gas: The subsidiary of the company Adani Total Energies Biomass Ltd has started the operation at Phase 1 of its Barsana Biogas Plant in Uttar Pradesh, which has a capacity of 600 tonnes per day of feedstock. 

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