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Stocks in Focus: Tata Consultancy Services, Azad Engineering, and Others

Stocks in Focus: RailTel Corp, Reliance Industries, and Others - EP
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The GIFT Nifty futures, which are an early indicator of the Nifty50 index stocks, were trading lower by 4 points at 25,945, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday. 

Earlier on Tuesday, 18 November, the Domestic benchmark indices S&P BSE Sensex slumped by 278 points or 0.33%, and settled at 84,673, while the Nifty50 traded 0.40% higher or 103 points, closing at 25,910.

Here are some stocks that are likely to remain in focus on 19 November.

Tata Consultancy Services: TCS won a five-year contract from NHS Supply Chain to handle application development, support, and maintenance for its core business systems and cloud infrastructure. TCS will implement cloud-based and AI-enabled solutions to modernise NHS Supply Chain’s IT platforms and boost operational efficiency.

Azad Engineering: Azad Engineering signed a Master Terms Agreement and Purchase Agreement with Pratt & Whitney Canada Corp to develop and manufacture aircraft engine components.

GR Infraprojects: The company announced receiving a letter from Western Railways designating 15 November as the appointed date for a Rs 262.28 crore project. The project includes EPC work for converting a 38.900 km track to a new gauge and completing related tasks, including all work for 30 RUBs between Kosamba and Umarpada in the Vadodara division of Western Railways.

RITES: RITES signed an MoU with the Andhra Pradesh Economic Development Board to provide consultancy services aimed at attracting investments and developing infrastructure and industrial projects across the state.

Goel Construction Company: Goel Construction Company secured a Rs 173.25 crore service order from the Aditya Birla Group to execute civil works for PYRO, WHRS, and post-clinkerisation systems, along with safety works, at the Pali Cement Works unit in Rajasthan.

Choice International: Choice International, through its subsidiary Choice Consultancy Services, acquired 100% of Ayoleeza Consultants, which currently manages live orders worth over Rs 200 crore along with its partners.

National Securities Depository: National Securities Depository received a warning letter from SEBI for failing to comply with disclosure norms in several instances where directors or committee members submitted disclosures to MIIs more than 15 days after trading in securities.

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