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Stocks in Focus: Mankind Pharma, RVNL, JSW Energy, Tech Mahindra, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, were trading 0.2% lower by 44.95 points at 22,120.5, indicating that the domestic benchmark indices are likely to make a negative start on Monday, breaking into the two-day bullish run. 

On Friday, 22 March, Domestic benchmark indices ended higher after a weak start. S&P BSE Sensex gained 190.75 points, or 0.26%, to end at 72,831.94 while the Nifty50 traded up by 84.80 points, or 0.39% and settled at 22,096.75. 

Here are some stocks that are likely to remain in focus on 26 March.

Rail Vikas Nigam: The company has signed a Memorandum of Understanding with the Airports Authority of India to construct a subway connecting the operational area to the residential colony in Kolkata at a total cost of Rs 229.43 crore.

JSW Energy: The company’s subsidiary, JSW Renewable Energy, has signed an agreement with Reliance Power to acquire its 45-megawatt wind power project in Vashpet, Maharashtra for a total consideration of Rs 132 crore.

Mankind Pharma: Beige Limited is planning to divest a 2.9% equity stake in the company via a block deal. 

Tech Mahindra: The company plans to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to optimise operational costs, synergise business operations, and reduce compliance risks.

Bharti Airtel: The company’s subsidiary, Bharti Hexacom, will launch its IPO between 3 April – 5 April 2024.

UltraTech Cement: The company has increased its brownfield cement capacity at its Uttarakhand unit by 1 million metric tonnes per annum, taking its total unit capacity to 2.1 million metric tonnes per annum. 

Lupin: The company is looking to sell its trade generics businesses in India for Rs 100-120 crore on a slump sale basis.

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