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Stocks in Focus: Vedanta, InterGlobe Aviation, RVNL, Torrent Power, and Others

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The GIFT Nifty futures traded lower, down 66 points or 0.29%, at 22,638, indicating that the domestic indices will open on a negative note on Monday. 

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex ended at fresh record highs on Thursday, following trends in IS markets and foreign funds inflow. 

During the early trading hours, the Nifty gained 49.6 points to 22,523.65, and the BSE Sensex surged 159.18 points to reach a new all-time high of 74,245.17. However, later, the market turned volatile, and both benchmark indices traded sideways between highs and lows.

Here are some stocks that are likely to remain in focus on 11 March.

Torrent Power: Maharashtra State Electricity Distribution has ordered the company to set up a 306-megawatt grid-connected solar power project at Nasik. 

Rail Vikas Nigam: The company has announced receiving an order worth Rs 251 crore for the supply, installation, testing, and commissioning of 11-kilovolt line-related works, which must be completed within 24 months. 

HG Infraprojects: They have emerged as the lowest bidder for constructing a 4-lane highway in Jamshedpur for an estimated cost of Rs 943.99 crore from the National Highways Authority of India.

Vedanta: The Securities and Exchange Board of India (SEBI) have issued an administrative warning for “publishing information related to its unlisted ultimate holding company” and has also told the company to keep the warning letter before its board and take necessary action to strengthen the internal control for corporate announcement. 

Interglobe Aviation: The company’s promoter, Rakesh Gangwal, is looking to offload a 3% stake in the company via a block deal.

Adani Group: The company plans to invest Rs 60,000 crore in the next 5-10 years. In expanding the seven airports in its portfolio.

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