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Stocks in Focus: CDSL, Adani Ports, L&T, Aster DM Healthcare, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, were trading 0.19% lower by 43.05 points at 22,045.5, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday, breaking into the two-day bullish run. 

On Tuesday, 26 March, Domestic benchmark indices ended lower, led by losses in the banking and IT stocks. S&P BSE Sensex gained 361.64 points, or 0.5%, to end at 72,470.3 while the Nifty50 traded up by 92.05 points, or 0.42% and settled at 22,004.7. 

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

Adani Ports: The company has expanded its presence along the Indian coastline after acquiring a 95% stake in Odisha’s Gopalpur Port Ltd (GPL) at an enterprise value of Rs 3,080 crore.

CDSL: Standard Chartered Bank will likely exit Central Depository Services (India) Ltd by divesting its 7.2% stake in the company via a block deal. 

Larsen and Toubro: The Board of Directors of the company has considered and approved the proposal to raise Rs 7,500 crore via the form of external commercial borrowing, term loans, non-convertible debentures, etc.

Aster DM Healthcare: Olympus Capital Asia wants to sell a 9.8% stake in India’s Aster DM Healthcare for up to Rs 195.3 crore. 

LIC: The company said that the tax authorities had imposed a demand notice of around Rs 39.39 lakh for short payment of Goods and Services Tax (GST) for 2017-18.

Piramal Enterprises: The company has invested Rs 2,000 crore in its wholly-owned subsidiary, Piramal Capital & Housing Finance, through subscription to a right issue. 

Angel One: The company has launched its qualified institutional placement (QIP) at a floor price of Rs 2,555 per share. 

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