Stocks to watch on Monday, April 1: At around 8:14 am, Gift Nifty futures traded 0.17 per cent, or 38.8 points higher, at 22,527, suggesting a positive opening for the markets on the first trading session of the new FY2025. The Indian share market was closed on Friday (March 29) due to Good Friday. On Thursday, the domestic equity indices gained, led by broad-based buying, primarily in financial shares, ahead of a long weekend in the final session of fiscal 2024. Financial shares rose after the Reserve Bank of India tweaked rules governing investments in alternative investment funds (AIFs) on Wednesday. 

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The Nifty index ended 203.25 points, or 0.92 per cent, higher at 22,326.9, and the Sensex settled with a gain of 655.04 points, or 0.9 per cent, at 73,651.35.

Here are some stocks that will be in focus on Monday, April 1.

Muthoot Microfin: The company raised $75 million via external commercial borrowings. Participants in the deal included Standard Chartered Bank, Doha Bank, and Rakbank (National Bank of Ras Al Khaimah). 

Tata Communications: A merger proposal of Tata Communications MOVE B.V. and Tata Communications MOVE Nederland B.V. with their immediate parent company, i.e., Tata Communications (Netherlands) B.V., has been filed today with the Dutch Chamber of Commerce. 

Andhra Cements: The board has approved the proposal for raising funds through the issuance and allotment of equity shares aggregating up to Rs 180 crore on a rights basis.

RVNL: The company has been declared the lowest bidder (L1) for a project worth Rs 148.26 crore from SER HQ-electrical/southeastern railway.

ICICI Bank: ICICI Bank and ICICI Securities received no adverse observations or no-objection letters regarding the scheme from the NSE and BSE, as per the filing. Further, the bank said that it had been undertaking efforts to reach out to equity shareholders to explain the proposed delisting scheme.

RITES: The company has secured the additional scope under the existing order for the replacement of mechanical signalling at 11 stations and the replacement of signalling gears on an age-cum-condition basis with EI at Delhi Kisanganj Station of the Delhi Division of Northern Railway.

Metro Brands: The company renewed its licence agreement with Crocs India.

Aurobindo Pharma: The company, via an exchange filing, informed investors about the commissioning of four manufacturing facilities, including the Penicillin-G facility, through wholly-owned subsidiaries. On January 20, Zee Business said that production at the company's PenG plant will start in April.

Infosys: The IT services provider has received assessment orders from the Income Tax Department for assessment years 2007–08, 2015–16, 2016–17, and 2018–19. The company expects to receive a total tax refund of Rs 6,329 crore.

Hindalco: The anti-dumping duty may increase on aluminium foil imported from Thailand. Furthermore, the Directorate General of Trade Remedies, or DGTR, has started a mid-term review of the applications of six companies, including Hindalco.

Oriental Carbon & Chemicals (OCCL): The anti-dumping duty may be imposed on insoluble sulfur imported from China and Japan. DGTR starts an investigation into OCCL's application. Oriental Carbon is the only producer of this chemical in the country.

Reliance Industries, ONGC, CGDs, Power, and Ceramic companies in focus: The government has slashed the gas prices for difficult fields from the earlier $9.96 per mmBtu to $9.87 per mmBtu, down 0.9 per cent. This is the third consecutive bi-annual reduction in rates for difficult fields.

OMC and Aviation stocks: The oil marketing companies, or OMCs, have slashed the price of air turbine fuel (ATF) by around 502.91 per kl. The new rates are effective today (April 1, 2024). Additionally, the price for a 19-kg commercial LPG cylinder has been reduced by around Rs 30.50 per cylinder.

Canara Bank: The state-run lender has approved reducing its 13 per cent stake in Canara Robeco Asset Management via an IPO. 

MOIL: The company has increased the price of manganese ore by 3–6 per cent.

HG Infra: The company, in an exchange filing, informed investors that it has entered into the EPC contracts dated March 30, 2024, with Norangdesar Solar Developer Private Limited and Rasisar Solar Developer Private Limited for the solar power plants.

Hindustan Aeronautics: The defence major has bagged a contract worth Rs 1,173.42 crore from Cochin Shipyard, Kochi.

Torrent Power: The company has received a Letter of Award from Torrent Power Limited-Distribution Unit for setting up 150 MW (RE Power) grid-connected wind solar hybrid projects under the greenshoe option.

(With inputs from agencies.) 

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