The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 118 points at 23,106, indicating that the domestic benchmark indices are likely to make a positive start on Friday. 

Earlier on Thursday, 15 October, the domestic benchmark indices S&P BSE Sensex skyrocketed by 1,533 points or 2.11%, and settled at 74,315 while the Nifty50 traded 1.66% higher by 374 points, closing at 22,997.

Here are some stocks that are likely to remain in focus on 16 October.

Solar industries: The company’s subsidiary, Solar Explochem, has signed a share purchase agreement with Sivasakthi Industrial Explosives to acquire a 100% stake in the company for Rs 115.02 crore.

Mankind Pharma: Mankind Pharma will acquire a majority stake in Belgium-based Armed Cell Therapeutics B.V. for 48 million euros. The biotechnology company is developing next-generation chimeric antigen receptor T-cell (CAR-T) therapies for cancer.

Agastya Energy: The company has secured an engineering, procurement and construction (EPC) and operations and maintenance (O&M) contract worth Rs 106.04 crore from its subsidiary, IMC Solar BDN LLP, for a solar power plant project.

Maruti Suzuki: The company has received an order from the Income Tax Appellate Tribunal (ITAT) covering eight financial years: FY14 to FY20 and FY22. The rulings are largely in the company’s favour, resulting in a positive tax impact of Rs 13,000 crore, including interest.

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