The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.50% lower by 112.5 points at 22,448.5, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday.
On Tuesday, 11 March, Domestic benchmark indices S&P BSE Sensex slipped by 12.85 points or 0.02% and settled at 74,102.32 while the Nifty50 traded 0.17% higher by 37.60 points, settling at 22,497.90.
Here are some stocks that are likely to remain in focus on 12 March.
Bharti Airtel: The company has announced a strategic partnership with SpaceX to bring Starlink’s satellite internet to India. However, the deal is subject to SpaceX securing approval from the Indian government to sell startlink services.
Rail Vikas Nigam: The company has announced emerging as the lower bidder for a contract worth Rs 554.64 crore from the National Highways Authority of India. The project entails constructing a six-lane access-controlled connectivity road linking Sabbavaram bypass to Sheelanagar junction of NH-516C in Andhra Pradesh.
Tata Consultancy Services: The company has announced its plans to acquire Bengaluru-based Darshita Southern India Happy Homes for a total consideration of Rs 2,250 crore, and the deal will be executed through a call option for acquiring a 100% equity stake in the entity after two years.
Godrej Agrovet: The company has announced receiving approval from the Board of Directors to acquire the remaining 48.06% stake in Creamline Dairy Products for a total consideration of Rs 930 crore. This acquisition will make it a wholly-owned subsidiary of the company.
Adani Green Energy: Adani Solar Energy Ap Eight, a subsidiary of the company, has successfully commissioned a 250 MW solar power project in Kadapa, Andhra Pradesh. With this addition, AGEL’s total operational renewable energy capacity has risen to 12,591.1 MW.
PB Fintech: The company has secured approval from the Board of Directors to invest Rs 696 crore in its wholly-owned subsidiary, PB Healthcare Services through equity shares or compulsory convertible preference.
ONGC NTPC Green: The joint venture between ONGC Green and NTPC Green Energy has announced receiving approval from the Competition Commission of India for its proposed acquisition of a 100% stake in Ayana Renewable Power.
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