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Stocks in Focus: Triveni Engineering, Mahindra and Mahindra, RVNL, and Others

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The GIFT Nifty futures traded higher, up by 29.65 points or 0.13% at 22,451, indicating the domestic indices to open on a positive note on Tuesday. 

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex ended their record-breaking rally and slumped on Monday due to profit-taking. 

The Nifty shed 160.90 points, or 0.72%, and closed at 22.332.65, and the BSE Sensex lost 616.75 points, or 0.83%, and settled at 73,502.64. 

Here are some stocks that are likely to remain in focus on 12 March.

Mahindra and Mahindra: The February production of the company grew by 26% to 73,380 units. 

Rail Vikas Nigam: The company has emerged as the lowest bidder for the Rs 339.23 crore Maharashtra Metro Project. 

Triveni Engineering: The company has acquired a 25.43% stake in Sir Shadi Lal Enterprises Limited. 

Aditya Birla: The company’s board approved the merger of Aditya Birla Finance Limited, its wholly-owned subsidiary, with the company. 

Imagicaaworld Entertainment: The company plans to invest Rs 130 crore in a new destination at the Sabarmati riverfront in Ahmedabad. 

Pitti Engineering: The board of directors of the company has considered and approved acquiring Bagadia Chaitra Industries Private Limited for a total consideration of Rs 125 crore, expanding the company’s presence in South India. 

PSP Projects: They have secured several new work orders worth Rs 410.06 crore from Gujarat International Finance Tec-City Company Limited to construct a fintech building at GIFT City, Gandhinagar. 

Jupiter Wagons: The company has secured a Rs 957 crore contract from the Ministry of Railways for manufacturing and supplying BOSM Wagons. 

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