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Stocks in Focus: TCS, HG Infra, IRCTC, L&T Finance, Lemon Tree, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, were trading lower by 78.5 points or 0.4% at 22,057; the domestic benchmark indices are likely to make a negative start on Tuesday. 

On Monday, 18 March, Domestic benchmark indices S&P BSE Sensex gained 105 points, or 0.1%, to end at 72,748.4 while the Nifty50 traded down by 32.4 points, or 0.2% and settled at 22,055.7. 

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

HG Infra Engineering: The company has bagged four orders worth Rs 1,026 crore in a consortium with Stockwell Solar Services JV for solar business from Jodhpur Vidyut Vitran Nigam.

Tata Consultancy Services: The holding company of Tata Group, Tata Sons is looking to offload 2.34 crore shares of the company at an average price of Rs 4,001 per share, raising approximately Rs 9,362 crore.

IRCTC: The company has approved establishing a disaster recovery site at Secunderabad for a total project cost of Rs 187 crore. 

L&T Finance: The Board of Directors of the company have considered and approved fundraising up to Rs 1.01 lakh crore via non-convertible debentures in one or more tranches. 

Lemon Tree: The company has signed a new agreement to launch a hotel in Agartala, Tripura, by fiscal year 2027.

Tata Steel: Tata Steel UK has announced the cease-of-operation of the coke ovens at the Port Talbot plant in Wales due to deterioration of operational stability.

Aditya Birla Sun Life AMC: The company’s promoters have proposed selling up to 11.47% of its stake via an offer for sale at Rs 450 per share to meet the minimum public shareholding norms.

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