The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.12% higher by 27 points at 23,505, indicating that the domestic benchmark indices are likely to make a positive start on Monday.
On Friday, 21 March, Domestic benchmark indices S&P BSE Sensex gained by 557 points or 0.73% and settled at 76,905, while the Nifty50 traded 0.69% higher by 159 points, settling at 22,350.
Here are some stocks that are likely to remain in focus on 24 March.
NCC: The company has received a Letter of Acceptance (LoA) worth Rs 1,480.34 crore from Bihar Medical Services & Infrastructure Corporation. The scope of the project involves the redevelopment of a medical college and hospital, along with other buildings at the existing campus of Darbhanga Medical College & Hospital in Laheriasarai, Darbhanga.
Godrej Properties: The company has announced the acquisition of a 10-acre plot of land in Yelahanka, Bengaluru. A premium residential project with a high-street retail component is said to be constructed on the newly acquired land, which will have a revenue potential of Rs 2,500 crore.
Power Mech Projects: The company has announced that it is securing a contract from Bharat Heavy Electricals Ltd (BHEL) for a total consideration of Rs 579 crore. The contract is for civil, structural, and architectural works at a Jharkhand-based power plant.
Welspun Corp: The company has secured Rs 476.39 crore from a strategic investor after finalizing the sale of a 74% equity stake in its wholly-owned subsidiary, Nauyaan Shipyard (NSPL). As a result, NSPL is no longer a subsidiary and is now classified as an associate company.
Alembic Pharma: The US Food and Drug Administration (USFDA) conducted an inspection at the company’s API-III facility at Karakhadi between 17 March and 21 March. The US regulator concluded the inspection by issuing a Form 483 with zero observations.
Larsen and Toubro: The Board of Directors of the company has approved long-term borrowing of around Rs 12,000 crore, which includes term loans, non-convertible debentures, external commercial borrowings, or any other instrument.
TVS Holdings: The company has announced an interim dividend of Rs 4.75 per share for the current financial year 2024-25.
IRCON International: Conarch Associates has filed a Rs 158.89 crore claim against IRCON International in the Arbitral Tribunal. The dispute relates to the supply and stacking of 50mm Pakur Variety Machine Crushed Track Ballast for the new broad gauge (BG) railway line from Jaynagar (India) to Bardibas (Nepal), specifically for the Nepal section of the project.
The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app todayand 10x your trading & investing journey!
