Stocks in news: Mazagon Dock, Indian Oil, GRSE, Petronet LNG, GAIL

Markets rebounded on Thursday amid choppy trading, ending with gains of over a percent, supported by improved global cues and buying in select heavyweights. Analysts say the rebound helped the Nifty move back above the 24,600 resistance level, though sustainability will be critical given the mixed global cues and the strong hurdle placed around the 24,800-25,000 zone.

In today's trade, shares of Mazagon Dock, Indian Oil, GRSE, Petronet LNG, GAIL among others will be in focus due to various news developments.

Indian Oil
Refiners in India have started tapping Russian oil aboard vessels floating off the country's coast to make up for the loss of Middle Eastern crude due to the Iran war, Reuters reported. On Thursday, the Suezmax tanker Odune carrying about a million barrels of Russian ⁠oil berthed at ‌eastern Paradip port for delivery to state refiner Indian Oil Corp. The vessel had been floating in Indian waters.


ZEE
Zee Entertainment Enterprises Ltd has strengthened its leadership in television fiction programming, securing an average of five spots in the top 10 fiction shows across six key languages and commanding a 48% share of the rankings.

Petronet LNG
India's largest liquefied natural gas (LNG) importer, Petronet LNG, has issued a force majeure notice to supplier QatarEnergy and its domestic buyers after its vessels were unable to reach the Ras Laffan load port amid escalating tensions in West Asia, ToI reported.

Paytm
Noida-based payments major Paytm has pulled ahead in its monetisation journey compared to peers, driven by a more diversified mix across high-monetisation categories such as merchant lending and financial services helping it improve profitability, positioning it strongly within India's evolving fintech landscape, according to a BofA Global Research report.

GAIL
State-run GAIL (India) Ltd is planning slash natural gas supplies to select customers after roughly 30% of India's imported LNG shipments were blocked due to escalating military conflict in West Asia.

Hindustan Zinc
Hindustan Zinc has signed a memorandum of understanding (MoU) with Virginia Tech to advance research aimed at improving silver recovery across its lead–zinc concentrator operations. The initiative is expected to help improve concentrate quality and enhance operational efficiency at Hindustan Zinc’s processing plants.

Mazagon Dock
Mazagon Dock clarified that CNC negotiations between the government and the company are completed. The proposal has been taken up for approval of the competent authority. This is after reports floated around of a Rs 99,000
crore defence deal.

Dr Reddy's
Dr Reddy's has received the Establishment Inspection Report (EIR) on March 04. The USFDA has classified the inspection outcome as 'Voluntary Action Indicated (VAI)' and concluded that the inspection is officially closed.

GRSE
The company has entered into a Memorandum of Understanding (MoU) with Kalyani Strategic Systems. This MoU was signed to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

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