Stocks in News and Market Information for March 6th 2025
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Stocks in Focus on March 6, 2025Market Structure and Key Support Levels
Technical analysts suggest that the Nifty 50 may witness a steady pullback if it remains above the 21,700 level. While a sharp V-shaped recovery appears unlikely, multiple indicators point toward a gradual uptrend in the near term.
According to Jatin Gedia, technical analyst at Mirae Asset Sharekhan, "Nifty has taken support at the 100-week EMA (22,050) and has witnessed buying interest. In previous instances, this level has acted as a strong support, leading to a fresh uptrend in the index."
Technical analysts suggest that the Nifty 50 may witness a steady pullback if it remains above the 21,700 level. While a sharp V-shaped recovery appears unlikely, multiple indicators point toward a gradual uptrend in the near term.
According to Jatin Gedia, technical analyst at Mirae Asset Sharekhan, "Nifty has taken support at the 100-week EMA (22,050) and has witnessed buying interest. In previous instances, this level has acted as a strong support, leading to a fresh uptrend in the index."
Corporate Actions Today:
- Anand Rathi Wealth and Vantage Knowledge Academy will trade ex-bonus today.
Rail Vikas Nigam: The company secured a Letter of Acceptance (LoA) for a Rs 729.82 crore project from HPSEBL to develop distribution infrastructure in Himachal Pradesh under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (Loss Reduction Work).
Apollo Hospitals Enterprise: Plans to launch a comprehensive Oncology Centre over the next three years, including India’s first Proteus One Proton System, with an investment of Rs 250 crore.
Grasim Industries: Has started commercial production of Birla Opus Paints at its Mahad, Maharashtra plant, increasing its decorative paint capacity to 1,096 million litres per annum (MLPA).
Biocon: Subsidiary Biocon Pharma received final approvals from the USFDA for its Lenalidomide capsules and Dasatinib tablets, used for treating multiple myeloma and leukemia.
Ola Electric Mobility: Received a notice from IFCI regarding the non-achievement of Milestone-1 as per its Programme Agreement dated July 28, 2022. The company is preparing a response.
Power Grid Corporation of India: The state-run company emerged as the successful bidder for three inter-state transmission system projects under the Build, Own, Operate, and Transfer (BOOT) basis.
Adani Wilmar: Signed a definitive agreement to acquire GD Foods Manufacturing (India), owner of the ‘Tops’ brand. The acquisition will be executed in multiple tranches, with 80% stake acquired initially and the remaining 20% over three years.
ABB India: ABB Motion has made a strategic investment in AI startup UptimeAI to enhance industrial asset management.
JSW Energy: The Competition Commission of India (CCI) has approved JSW Energy's acquisition of KSK Mahanadi Power Company.
Coforge: Signed a strategic deal with Nasdaq-listed Sabre Corporation to enhance AI-powered travel technology solutions. Also announced a 1:5 stock split.
Ambuja Cements: Received unconditional approval from the Competition Commission of India (CCI) for acquiring a 72.8% stake in Orient Cement.
Oil and Natural Gas Corporation (ONGC): Subsidiary ONGC Green acquired a 100% stake in PTC Energy for Rs 925 crore. PTC Energy operates 288.80 MW of wind farms.
GE Vernova T&D India: Won three orders worth Rs 500 crore from Power Grid Corporation of India for transformers and reactors.
Force Motors: Reported total sales of 3,600 units in February 2025, a 46.28% increase over 2,461 units in February 2024.
RHI Magnesita India: Its subsidiary Intermetal Engineers (India) acquired 100% of Ashwath Technologies for Rs 14 crore.
Walchandnagar Industries: Acquired a 60.3% stake in AiCitta Intelligent Technology, a developer of unmanned ground vehicles (UGVs).
Welspun Specialty Solutions: BHEL (Trichy) awarded it a contract worth Rs 231.77 crore for supplying 4,050 tons of stainless steel seamless boiler tubes for supercritical thermal power projects.
Mindteck India: Anand Balakrishnan, the company’s Managing Director and CEO, has resigned, effective May 31, 2025.
These stocks may remain in focus as markets open on Wednesday, March 5, 2025.
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Register and Unlock NowDisclaimer: The stock price targets and analysis presented are based on publicly available information from top brokerage firms and may change over time. Always consult with your financial advisor before making any investment decisions. The opinions expressed in this article are for informational purposes only and do not constitute financial advice.
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