Kolkata: Spirited buying was witnessed in the first two days of the current week. Building upon the strength displayed in the previous session, Nifty 50 maintained its upward momentum and closed firmly above the key level of 23,500 yesterday (March 17). Investors expect today, March 18, will record a hattrick of gains. Additionally, there are certain stocks that may witness significant activity driven by specific news updates. Let’s have a closer look at the stocks that can be in focus.
Stocks in focus
Tata Steel: The Board of Tata Steel has approved the merger of Neelachal Ispat Nigam, investments in foreign subsidiaries, and the full acquisition of Medica TS Hospital in Odisha.
Varun Beverages: Bevco, South Africa-based subsidiary of the Varun Beverages, has entered into an agreement to acquire a 100% stake in Crickley Dairy. This deal is valued at approximately Rs 131.468 crore.
Shree Cement: Shree Cement has been declared the preferred bidder for the Dommarnandyala-1 limestone block in Andhra Pradesh. This is considered a significant step toward enhancing the company’s production capacity.
Wipro: Wipro has announced a strategic partnership with Harness. The objective of this collaboration is to accelerate AI-based software delivery and provide enhanced services to global enterprises.
Tech Mahindra: Tech Mahindra announced that its subsidiary, Tech Mahindra London, has entered into an agreement with Midad Company. Under this agreement, the company will acquire a 20% stake in Tech Mahindra Arabia.
Aurobindo Pharma: Aurobindo Pharma reported that a unit of its subsidiary, Eugia Pharma Specialities, has been placed in the ‘Official Action Indicated’ (OAI) category by the US FDA. This news could exert pressure on the stock.
Ceigall India: Ceigall India’s subsidiary, Ceigall Infra Projects, has been declared the L1 bidder for two projects under the Punjab Infrastructure Development Board. The total value of these projects is approximately Rs 207 crore.
India Glycols: India Glycols has declared an interim dividend of Rs 7.50 per share for the financial year 2025-26, which serves as a positive signal for investors.
Tamilnadu Petroproducts: Tamilnadu Petroproducts has temporarily shut down its HCD plant in compliance with government directives. This step has been taken to prioritize LPG production.
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