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Stocks in Focus: Wipro, Bharat Forge, NBCC (India), and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.07% higher by 17 points at 23,510.5, indicating that the domestic benchmark indices are likely to make a lacklustre start on Thursday.

On Wednesday, 26 March, Domestic benchmark indices S&P BSE Sensex slumped by 728.6 points or 0.93% and settled at 77,288.5 while the Nifty50 traded 0.77% higher by 181.8 points, settling at 23,486.8.

Here are some stocks that are likely to remain in focus on 27 March.

Wipro: The company has announced that it is securing a 10-year strategic contract with Phoenix Group for a total consideration of 500 million pounds. The project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group’s operational transformation.

Bharat Forge: The company, along with Tata Advanced System, has signed a contract worth Rs 6,900 crore with the Ministry of Defence for procuring 155mm/52 calibre advanced towed artillery gun systems (ATAGS) and high-mobility vehicle 6×6 gun towing vehicles, respectively.

NBCC (India): The company has announced signing a strategic Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology. Through this MoU, both companies will jointly undertake a variety of consultancy, fee-based, redevelopment, and EPC projects from concept to commissioning.Β 

IRM Energy: The company has signed a contract with Shell Energy India for a period of 5 years. The scope of the contract is to supply Regasified Liquefied Natural Gas, and the total quantity to be acquired through the agreement will be 1,23,21,200 MMBtu.

TVS Supply Chain Solutions: The company has announced its plan to invest Rs 250 crore in its three wholly-owned subsidiaries that are, TVS Supply Chain Solutions Pte Ltd, Singapore, TVS Logistics Investment UK, and TVS Logistics Investments USA Inc, USA.

JSW Infrastructure: The company has announced that it will acquire the slurry pipeline business from JSW Utkal Steel Limited to transport iron ore from the Nuagaon mines to Jagatsinghpur in Odisha for a total value of Rs 1,617 crore.Β 

Newgen Software: The company has announced securing an international contract for its enterprise content management solution worth Rs $1.28 million.Β 

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