The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.10% higher by 23.5 points at 23,771, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday.
On Monday, 24 March, Domestic benchmark indices S&P BSE Sensex soared by 1,078.87 points or 1.40%, and settled at 77,984.38 while the Nifty50 traded 1.32% higher by 307.95 points, settling at 23,658.35.
Here are some stocks that are likely to remain in focus on 25 March.
Rail Vikas Nigam: The company has emerged as the lowest bidder for a project worth Rs 115.79 crore from Central Railway. The scope of the project involves OHE modification work for the upgradation of the existing 1×25 KV electric traction system to 2×25 KV at the feeding system in the Itarsi-Amla section in the Nagpur division of Central Railway to meet the 3000 MT loading target.
Garden Reach Shipbuilders: The company has announced inking a contract with Reederei GmbH & Co. KG and Carsten Rehder Schiffsmakler, Germany, for constructing and delivering the 7th and 8th multi-purpose vessels of 7,500 DWT in Hamburg, Germany.
HCL Technologies: The company has formed a strategic partnership with Western Union to drive innovation and transformation in the financial services industry. As a part of the agreement, both companies will set up an advanced technology centre in Hyderabad to further enhance Western Union’s global technology capabilities.
Gujarat Narmada Valley: The company has announced the signing of an agreement with Thyssenkrupp Udhe India to supply a weak nitric acid-III plant on an LEPC basis.
Easy Trip Planners: The Board of Directors of the company has approved the acquisition of a 49% stake in Big Charter. The board has also approved investing 1,000 Brazilian Real in its subsidiary Easy Trip Planners Do Brasil Ltda and 50,000 Riyals in Easy Trip Planners, Saudi Arabia.
Brigade Enterprises: The company has announced the acquisition of a 4.4-acre land parcel in East Bengaluru to develop a residential project. The project will have a total development potential of 0.6 million square feet and a gross development value of Rs 950 crore.
Hyundai Motors India: The company has announced an investment of Rs 694 crore for a new tooling centre, which will be dedicated to the manufacturing of stamping tools and panel production for vehicles. The move of this investment is aimed towards boosting localisation of the production process and strengthening its supply chain.
Britannia Industries: Operations at the company’s plant in Jhagadia, Gujarat, has been partially affected by the workers strike that began on 24 March. The company stated that they are constantly talking with the workers to deescalate the situation and resolve it.
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