The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.29% lower by 65 points at 22,193.5, indicating that the domestic benchmark indices are likely to make a negative start on Tuesday.

On Monday, 3 March, Domestic benchmark indices S&P BSE Sensex slipped by 112.16 points or 0.15% and settled at 73,085.94 while the Nifty50 traded 0.02% lower by 5.40 points, settling at 22,119.30.

Here are some stocks that are likely to remain in focus on 4 March.

RBL Bank: The GST authorities have started a search at the lender’s three offices in Maharashtra, and the bank is cooperating fully in providing data. Moreover, the company has also appointed Narendra Agrawal as President & Head of the Branch Banking and Retail Liabilities business.

Godrej Properties: The company has announced calling off a land development deal with TCM Limited for a project in Thrikkakara, Kochi. The agreement was signed back in 2008; however, the company did not disclose the reasons for the termination. 

ASK Automotive: The company has partnered with Japan’s Kyushu Yanagawa Seiki Co Ltd to manufacture high-pressure die-cast alloy wheels for two-wheelers. 

Ujjivan Small Finance Bank: The company has sold its non-performing loan portfolio, which includes written-off loans worth Rs 364.51 crore, to an Asset Reconstruction Company, in an effort to clean up its balance sheet and focus towards financial stability. 

Metropolis Healthcare: The company has announced its plans to acquire Scientific Pathology for an all-cash transaction of Rs 55-85 crore, which will be determined based on revenue and EBITDA milestones. Through this acquisition, the company aims to strengthen its presence in western Uttar Pradesh. 

Bank of India: The company has divested its stake in STCI Finance, a non-banking financial company, to meet the Reserve Bank of India’s proposed norms, capping banks’ stake in NBFCs at 20%.

CEAT: The company has announced the establishment of a new subsidiary in Sri Lanka called CEAT OHT Lanka (Private) Limited before securing its Certification of Incorporation. 

Intellect Design Arena: The company has announced the successful takeover of the digital banking operation of Central 1 Credit Union in Canada, which became effective on 3 March. 

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