The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 98.45 points lower at 23,228, indicating that the domestic benchmark indices are likely to make a negative start on Friday.
On Thursday, 3 April, Domestic benchmark indices S&P BSE Sensex slumped by 322.08 points or 0.42% and settled at 76,295.36 while the Nifty50 traded 0.35% lower by 82.25 points, settling at 23,250.10.
Here are some stocks that are likely to remain in focus on 4 April.
UltraTech Cement: The Board of Directors of the company has approved acquiring 6.42 crore shares of Wonder WallCare for Rs 235 crore. The company has signed a Share Purchase Agreement with Kushal Sogani and Wonder Cement for a 100% stake in Wonder WallCare, making it a wholly-owned subsidiary of the company.
Paras Defence: The company has announced the signing of a Memorandum of Understanding (MoU) with MicroCon Vision, an Israel-based company that is part of Controp and the Rafael Group. This agreement will set the company as the exclusive supplier of advanced drone camera technology in India for a much lower cost.
Mazagon Dock: The Government of India has announced its plans to sell a 4.83% stake in the company through an offer-for-sale at a floor price of Rs 2,525 per share.
GR Infraprojects: The Arbitral Tribunal has issued its decision regarding the arbitration case linked to the road project in Bihar, ruling that the company is entitled to receive Rs 106.4 crore from the Government of Bihar. Additionally, the company will earn interest at a rate of 12% per annum on this amount from the date of the award until the payment is fully received.
Alivus Life Sciences: The company’s API manufacturing facility in Ankleshwar, Gujarat, was inspected by the US Food and Drug Administration (USFDA) from 27 January to 31 January 2025. The US regulator concluded the inspection by issuing an Establishment Inspection Report with a Voluntary Action Indicated status for the facility.
Balaji Amines: The company has announced the commencement of a 6 MW AC solar power plant that will be operational in a phased manner under grid connectivity. The power from the 6 MW AC solar power plant will be used for captive consumption.
Thermax: The company has announced signing a Share Purchase Agreement (SPA) with Infinite Uptime Inc., USA, for divesting its stake in Covacsis Technologies for a total consideration of Rs 10 crore
Ami Organics: The has announced the commissioning of its 10.8 megawatt DC solar power plant as part of its solar facility in Pratapnagar, Gujarat.
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