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Stocks in Focus: Tech Mahindra, Real Estate Stocks, Signature Global, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 1.06% higher by 254.50 points at 23,293, indicating that the domestic benchmark indices are likely to make a positive start on Monday. 

On Friday, 22 November, Domestic benchmark indices S&P BSE Sensex skyrocketed 1,961 points or 2.54% to end at 79,117 while the Nifty50 traded 557 points higher or 2.39% and settled at 23,907.

Here are some stocks that are likely to remain in focus on 25 November.

Real Estate Shares: Around 26 major listed real estate companies have sold properties worth Rs 35,000 crore during the July-September quarter, with Godrej Properties reporting the highest sales booking. 

Tech Mahindra: The company has announced partnering up with 60 to 70 global capability centres, focusing on addressing growing demands, grooming talent to cater to their evolving requirements, and providing specialised services.

Signature Global: The company has announced their plans to launch multiple housing projects worth Rs 50,000 crore in Delhi-NCR in the next three years, which is a part of its expansion plan amid robust consumer demand. 

Adani Group: The US Securities and Exchange Commission have issued a summons to Gautam Adani, indicted on US bribery allegations.

CESC: After a three-year legal entanglement, the subsidiary of the company, Eminent Electric Distribution, has received the Letter of Intent to acquire a 100% stake in a company responsible for electricity distribution and retail supply in Chandigarh. 

Hero MotoCorp: The company, along with its US-based partner, Zero Motorcycles, are in the advanced stage of developing a mid-sized performance segment electric motorcycle. 

PVR Inox: The company announced that they will have 2,000 screens by 2026, and they will focus on expansion in the southern market’s Tier II and Tier III cities. As of Q3FY25, the company’s overall screen portfolio comprises 1,747 screens across 356 cinemas located around 111 cities in India and Sri Lanka. 

Maruti Suzuki: Partho Banerjee, senior Executive office (marketing and sales) of Maruti Suzuki India, said that their collaboration with gas distribution companies will bolster their CNG car sales in the “next top 10  markets”.

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