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Stocks in Focus: KEC International, Aster DM Healthcare, GE Power, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.25% higher by 55.9 points at 22,598.5, indicating that the domestic benchmark indices are likely to make a positive start on Thursday. 

On Wednesday, 3 April, Domestic benchmark indices settled lower for the second consecutive session following the selling frenzy in auto and banking stocks and mixed trends from global markets. S&P BSE Sensex lost 27.09 points, or 0.04%, to end at 73,876.82, while the Nifty50 traded lower by 18.65 points, or 0.08% and settled at 22,434.65. 

Here are some stocks that are likely to remain in focus on 4 April.

Aster DM Healthcare: The company has successfully separated its India and GCC business. Under this arrangement, a consortium of investors led by Fajr Capital has acquired a 65% stake in Aster GCC, with the Moopen family retaining a 35% stake alongside management and operational rights. 

KEC International: The company has received orders worth Rs 816 crore across its various business verticals for various infrastructure projects in India and the United States. These include setting up a steel plant, building a cement plant, establishing a plant for carbon derivatives, and supplying towers and cables. 

GE Power: The company has secured two orders from Jaiprakash Power Ventures worth Rs 775 crore.

Axis Bank: The company has announced that it is receiving regulatory approval to acquire shares in Max Life Insurance. 

Vedanta: The company has successfully expanded its alumina refining capacity to 3.5 million tonnes annually. 

Vodafone Idea: The company has announced its plans to raise funds worth Rs 2,033 crore through the preferential issuance of equity or convertible securities.

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