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Top 5 stocks in focus

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1 min read • Updated: February 22, 2024, 12:47 PM

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Indian Markets snapped the six day rally on wednesday and closed 0.6% lower on NIFTY 50. Indian markets are expected to open marginally positive taking cue from its Asian peers Japan, Hong Kong which are trading 1-1.5% positive this morning. Here are top 5 stocks to watch out for



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JK Cement

The company acquired Toshali Cements for ₹90 crore, expanding its footprint in eastern India. The acquisition includes production units in Ampavalli and Choudwar in Cuttack, Orissa .

Brigade Enterprises

The company signed a joint development agreement with PVP Ventures for a massive residential project in Chennai, with an estimated revenue potential of ₹2,000 crore. Additionally, secured a 45-year lease to build a 250-room resort on the East Coast Road.

LTI Mindtree

LTI Mindtree a global technology consulting and digital solutions company, today signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company in Athens, Greece powered by Fairfax Digital Services, to establish first-of-its-kind Gen Al and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai, India.

South Indian Bank

South Indian Bank announced a ₹1,151 crore rights issue at ₹22 per share, opening on March 6th and closing on March 20th. Existing shareholders will receive 1 share for every 4 shares held.