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Stocks in Focus: Rail Vikas Nigam, Zomato, Alkem Laboratories, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.29% higher by 71.50 points at 24,887 indicating that the domestic benchmark indices are likely to make a positive start on Thursday.

On Wednesday, 21 August, Domestic benchmark indices S&P BSE Sensex gained 102.44 points or 0.13%, to end at 80,905.30, while the Nifty50 traded 71.35 points or 0.29% higher and settled at 24,770.20.

Here are some stocks that are likely to remain in focus on 22 August.

Rail Vikas Nigam: The company has signed a memorandum of understanding with Dhaya Maju Infrastructure (Asia) Sdn Berhad (DMIA) to participate in railway infrastructure and services projects in the All South East Asian Nations (ASEAN) market. 

Zomato: The Board of Directors of the company has approved acquiring the entertainment ticketing business of One 97 Communications Ltd, which is Paytm Insider for a total consideration of Rs 2,048.4 crore. 

Alkem Laboratories: The promoter of the company is looking to offload 8.5 lakh shares, representing 0.7% stake in the company via a block deal. 

Paytm: The company has proposed to lower the salaries of its non-executive independent directors, with an aim to save costs amid growing losses. 

BEML: The company has signed an MoU with Directorate of Marine Engineering, Indian Navy to design, develop, make, and extend product support of marine engineering equipment. 

Kalyan Jewellers: Foreign investor Highdell Investment will sell a 2.36% stake in Kalyan Jewellers to the firm’s promoter for Rs 1,300 crore. 

Zen Technologies: The company has launched its Qualified Institutions Placement (QIP) and has set the flood price to Rs 1,685.18 per share. The QIP issue size is expected to be around Rs 800 crore, and has a potential to increase to Rs 1,00 crore. 

Sun Pharma: The company has signed an agreement with Pharmazz Inc. to invest $15 million in the company. 

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