The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 264 points lower at 23,165, indicating that the domestic benchmark indices are likely to make a negative start on Thursday.
On Wednesday, 2 April, Domestic benchmark indices S&P BSE Sensex surged by 592.93 points or 0.78% and settled at 76,617.44 while the Nifty50 traded 0.72% higher by 166.65 points, settling at 23,332.35.
Here are some stocks that are likely to remain in focus on 3 April.
Pharma Stocks: The pharmaceutical sector has secured a temporary exemption from the latest round of tariffs, which has had a positive impact on the pharma industry.
GPT Infraprojects: The company has announced securing an enhanced contract worth Rs 481.11 crore for building a major bridge over the Rupnarayan River and upgrading the Kolaghat Station on the Howrah-Kharagpur route.
Paras Defence: The company has signed a Memorandum of Understanding (MoU) with Israel’s MicroCon Vision Ltd, which is a part of the Rafael Group. As a part of this agreement, the companies will focus on advanced intelligence, surveillance, and reconnaissance (ISR) payloads for drones.
Bharat Electronics: The company has signed a Rs 593.22 crore contract with the Indian Air Force to provide maintenance services for the Akash Missile System, which it originally supplied.
Kirloskar Oil Engines: The company has been awarded a Rs 270 crore contract by the Indian Navy for designing and developing a 6MW medium-speed marine diesel engine under the Make-I initiative.
Interarch Building Products: The company has secured a Letter of Intent for a purchase order exceeding Rs 300 crore from a new client for a 30,000 MT project. The scope includes design, engineering, manufacturing, supply, and installation of pre-engineered steel building systems.
Lupin: The subsidiary of the company, Lupin Healthcare (UK) has announced signing a definitive agreement for acquiring the entire share capital of Renascience Pharma, United Kingdom for a total consideration of GBP 12.3 million (Rs 135 crore).
GE Power India: The company has announced that it is securing purchasing orders worth Rs 38.2 crore from NTPC to supply generator parts for the Talcher site.
Borosil: The Board of Directors of the company have approved setting up a manufacturing unit for vacuum-insulated stainless-steel flasks, containers, and bottles in Rajasthan through Stylenest India, which is a wholly-owned subsidiary of the company.
Ashok Leyland: The company has announced the signing of an MoU with Nagaland Rural Bank to provide customised vehicle financing solutions to its customers.
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