The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 9 points higher at 23,331, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.
On Tuesday, 1 April, Domestic benchmark indices S&P BSE Sensex crashed by 1,390.41 points or 1.80% and settled at 76,024.51 while the Nifty50 traded 1.50% lower by 353.65 points, settling at 23,165.70.
Here are some stocks that are likely to remain in focus on 2 April.
KEC International: The company has announced secured new orders worth Rs 1,236 crore. The projects include power projects in Kuwait, UAE, and India that strengthen its presence in the infrastructure sector.
Dabur India: The company has announced receiving a tax demand worth Rs 110.33 crore for the financial year 2017-18.
RITES: The company has mutually terminated its agreement with UP State Bridge Corporation for consultancy services for the construction supervision of civil works. The company terminated the agreement as they were facing interpretation issues regarding certain provisions of the agreement, and it was getting difficult for them to continue with the execution of the agreement under the existing terms.
L&T Technology Services: The company has announced signing a deal worth Rs 50 million Euro with a European automotive company for developing and operating next-generation software platforms that will be tailored to both current and upcoming vehicle models.
Raymond: The company has announced its intention to enter into a Joint Venture Development (JVD) agreement to undertake a large-scale residential project in Wadala, Mumbai, that will be constructed for a gross development value of Rs 5,000 crore.
Power Grid Corporation of India: The company announced that the Board of Directors is set to meet on 4 April to consider and approve raising funds via the issuance of NCDs. The company has also emerged as a successful bidder for establishing an inter-state transmission system.
Tata Consumer Products: The company has announced receiving a tax demand notice worth Rs 262.08 crore for the assessment year 2021-22. However, the company has assured us that the demand order is not maintainable and is in the process of approving an appeal against it.
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