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Stocks in Focus: Ultratech Cement, ICICI Bank, Cochin Shipyard and Others

Buzzing Stocks
Several stocks drew attention on 7 April as order wins, business updates, and guidance drove gains.

The GIFT Nifty futures were trading in the red before the market’s opening on Thursday. Indices are expected to open on a similar negative note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, reversed early gains and closed lower on Wednesday. Nifty dropped by 1.41% or 302.95 points to 21,150.15, while Sensex slumped 930.88 points or 1.30% to 70,506.31.

Here are a few stocks likely to remain in focus on December 21.

Cochin Shipyard: The shipbuilding company signed a deal with the Defence Ministry amounting to Rs 488.25 crore for repairing and maintaining equipment and systems onboard a naval vessel.

Raymond: The company’s unit, Raymond Lifestyle, has a wholly owned subsidiary, Ten X Realty East, to undertake redevelopment projects and real estate business.

DLF: The commercial real estate development company has sold independent floors and commercial plots for Rs 1,400 crore in Gurugram and Panchkula, Haryana. 

ICICI Bank: The Reserve Bank of India (RBI) has approved Sandeep Batra’s reappointment as the bank’s Executive Director with effect from December 23. 

Adani Green Energy: The board of the renewable energy company will consider raising funds via the issuance of equity shares or convertible securities in a meeting on December 26.

Mazagon Dock Shipbuilders: The shipbuilding company has inked a Rs 1,615 crore contract with the Ministry of Defence to construct and deliver six offshore patrol vessels for the Indian Coast Guard. Mazagon has also signed contracts worth $42 million with a European client to construct three units of 7,500 DWT multi-purpose hybrid-powered vessels. 

Sonata Software: The IT company has inked a strategic partnership with AMMEGA Group to increase transparency in performance, improve collaboration and efficiency, reduce complexities in the IT landscape, and foster digital innovations for business growth.

Ultratech Cement: The cement company has agreed with a renewable energy company, Clean Max Terra, to acquire a 26% stake for Rs 20.25 crore. 

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