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Stocks in Focus: Torrent Power, Asian Paints, Nazara Technologies, HG Infra Engineering, and Others

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The GIFT Nifty futures were trading in the green before the market’s opening on Monday. Indices are expected to open on a similar positive note.

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex were trading in the green on Friday.

Nifty climbed 0.2%, up by 39.7 points, and closed at 22,378.4, whereas the Sensex climbed 60.8 points, up by 0.1% and closed at 73,806.2. 

Here are some stocks that are likely to remain in focus on 4 March.

Asian Paints: The company is planning to set up a new water-based paint manufacturing facility in Madhya Pradesh for a total investment of Rs 2,000 crore. 

Nazara Technologies: The Board of Directors of the company has approved the allotment of 28.67 lakh shares at an average price of Rs 872.15 per share. 

HG Infra Engineering: The company has secured an order from South Central Railway for a total consideration of Rs 447 crore. 

Torrent Power: The company has received an order from Railway Energy Management to install 325 megawatts of renewable capacity for a total consideration of Rs 2,700 crore. 

SJVN: The subsidiary of the company, SJVN Green Energy, has secured a 200-megawatt solar power project that has to be developed for a total cost of Rs 1,100 crore. 

NTPC: The company’s board of directors has given approval for the Singrauli Super Thermal Power Project, Stage-III, for an estimated appraised cost of Rs 17,195.31 crore. Furthermore, Prime Minister Narendra Modi is set to lay the foundation on 4 March for various projects that are worth Rs 30,023 crore. 

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