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Stocks in Focus: GR Infraprojects, Zydus Lifesciences, Zen Tech, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.12% higher by 26 points at 22,957, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.

On Tuesday, 18 March, Domestic benchmark indices S&P BSE Sensex skyrocketed by 1,131.30 points or 1.53% and settled at 75,301.26 while the Nifty50 traded 1.45% higher by 325.55 points, settling at 22,834.30.

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

GR Infraprojects: The company has announced securing a major contract worth Rs 4,262.78 crore from the National Highway Authority of India. The scope of the project is to build and improve the Agra-Gwalior road, spanning across Uttar Pradesh, Rajasthan, and Madhya Pradesh.

Zydus Lifesciences: The company announced securing approval from the US Food and Drug Administration (USFDA) to manufacture and market apalutamide tablets, which are used to treat metastatic castration-sensitive prostate cancer.

Zen Technologies: The company has announced acquiring a 54.33% stake in Bhairav Robotics, making it an associate company.Β 

BPCL: The company has announced signing a quadripartite Memorandum of Understanding (MoU) with the Agency for New and Renewable Energy Research and Technology, Cochin International Airport, BluJ Aerospace, and the Government of Kerala for developing the first hydrogen-fueled Vertical Take-off and Landing aircraft ecosystem globally.Β 

Larsen and Toubro: The Board of Directors of the company are set to meet on 21 March to consider and approve a potential fundraising via debt issue.

Vodafone Idea: The company has announced the launch of the 5G network in Mumbai and has also announced its plans to roll out in Bengaluru, Patna, Delhi, Chandigarh, and Mysuru by the end of April 2025.

Nazara Tech: The company has announced that it will acquire 18,330 equity shares or 8.97% of Absolute Private Limited from eligible employees for a total consideration of Rs 69.17 crore. This acquisition took the company’s share in Absolute from 91.03% to 100%, making it a wholly owned subsidiary of the company.

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