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Stocks in Focus: Mazagon Dock, Muthoot Finance, Bharat Dynamics, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.2% lower by 44 points at 22,058.5, indicating that the domestic benchmark indices are likely to make a negative start on Friday. 

On Thursday, 21 March, Domestic benchmark indices ended higher, rising for the second consecutive day. S&P BSE Sensex surged 539.50 points, or 0.75%, to end at 72,641.19 while the Nifty50 traded up by 172.85 points, or 0.79% and settled at 22,011.95. 

Here are some stocks that are likely to remain in focus on 22 March.

Mazagon Dock Shipbuilders: The company has accepted the Mumbai Port Authority’s offer for the allotment of land and buildings measuring 14.55 acres for a total cost of Rs 354 crore. 

Muthoot Finance: The company has increased its stake in Belstar Microfinance by 4.48%, investing Rs 300 crore and taking its total shareholding to 63.50%. 

Bharat Dynamics: The company’s Board of Directors have approved a stock split of 1 share into 2, an interim dividend of Rs 8.85 per share, and the appointment of G Gayatri Prasad as its Chief Financial Officer.

LIC: The company has increased its stake in LTIMindtree from 4.99% to 5.03%.

Reliance Power: The company has successfully settled all of its obligations pertaining to borrowings from DBS Bank India. 

Jindal Saw: The company has received approval from the National Company Law Tribunal (NCLT) for amalgamation among Jindal Tubular (India), Jindal Quality Tubular, Jindal Fittings, and Jindal Saw.

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