The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.57% higher by 128 points at 22,736, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday.
On Monday, 17 March, Domestic benchmark indices S&P BSE Sensex gained by 341.04 points or 0.46%, and settled at 74,169.95 while the Nifty50 traded 0.50% higher by 111.50 points, settling at 22,508.75.
Here are some stocks that are likely to remain in focus on 17 March.
IRCON International: The company’s joint venture with Badri Rai and Company has announced the securing of an EPC contract worth Rs 1,096.2 crore from the Government of Meghalaya. The scope of the order entails constructing a new Secretariat Complex, including campus infrastructure in New Shillong City, Meghalaya.
NBCC India: The company has announced securing a project management consultancy contract worth Rs 44.62 crore for infrastructure development at the Mahatma Gandhi Institute for Rural Industrialisation in Wardha.
Star Cement: The subsidiary of the company, Star Cement Meghalaya, has emerged as the successful bidder for the composite license of the Boro Hundong Limestone Block, which was secured via an e-auction conducted by the Government of Assam.
Aditya Birla Real Estate: Birla Estates, the company’s subsidiary, has announced the launch of its first project in Pune, which spreads across 5.76 acres and has a revenue potential of Rs 2,700 crore. This is the company’s first residential project in Pune.
Swiggy: The food delivery giant has announced its plans to expand its quick commerce services to 100 cities, adding 32 new locations, including Siliguri, Raipur, Jodhpur, and Thanjavur, in 2025.
Shilpa Medicare: The subsidiary of the company, Shilpa Biologicals, has announced entering into a binding term sheet with mAbTree Biologics AG, which is a Switzerland-based company for the development, manufacture, marketing, and sale of a new biological entity.
RITES: The company has received a new work order from Ntokoto Rail Holdings Pty for the supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives fitted with new Cape Gauge bogies, air brakes, Traction motors, and control systems.
Bank of Maharashtra: The company has announced receiving an administrative warning letter from the Securities Exchange Board of India (SEBI) for the non-conduct of at least one meeting of the Nomination & Remuneration Committee in FY23 and FY24.
Hindustan Unilever: The company has received approval from the Competition Commission of India (CCI) for its proposed acquisition of the beauty and personal care brand Minimalist’s parent company, Uprising Science.
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