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Stocks in Focus: Mahindra and Mahindra, Hindustan Aeronautics, Infosys, and Others

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The GIFT Nifty futures were trading in the green, higher by 50.42 points or 0.22% at 22,643.5, indicating the domestic indices will open on a positive note on Thursday. 

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex ended on a fresh record high levels on Wednesday following a buying frenzy in banks and select IT shares and gains in European markets.

Nifty gained 0.53% by 117.75 points and closed at 22,474.05, whereas the Sensex jumped up by 408.86 points, or 0.55%, settling at a new record high of 74,085.99. 

Here are some stocks that are likely to remain in focus on 7 March.

Mahindra and Mahindra: The company’s promoter, Prudential Management and Services, is planning to sell up to 93 lakh shares for Rs 1,832 crore.

Infosys: The IT major has renewed its digital innovation partnership with the ATP Tour until 2026.

Hindustan Aeronautics: The company has signed an amendment to the LCA IOC contract. The value of the contract has been revised from Rs 2,700.87 crore to Rs 5,077.95 crore. 

Mishra Dhatu Nigam: The company has announced that its Board of Directors will meet on 14 March to consider and approve an interim dividend for the current fiscal year. 

Glenmark Pharmaceuticals: The company has initiated the process of divesting a 55% stake in Glenmark Life Science to Nirma. Moreover, Glenn Saldanha has resigned as the chairman and Non-Executive Director. 

Jupiter Wagons: The company has received an order from the Ministry of Railways for the production and supply of 2,237 BOSM Wagons for a total consideration of Rs 956 crore.

NLC India: The government of India is planning to offload 9.71 crore shares of the company, including the green shoe option, via an offer for sale at Rs 212 per share.

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