The SGX Nifty50 was up 0.1 per cent at 15,956.5 as of 7:06 am on Wednesday, indicating a slightly higher opening for the Indian benchmark indices. The market regained its momentum for the first time in the last five consecutive sessions and registered a gain of one per cent on March 8. The broader markets also joined the rally, with the Nifty Midcap 100 and Smallcap 100 indices rising 1.24 per cent and 1.51 per cent respectively. ,
Here is a list of stocks to look for in trade today:
Yasho Industries
The company said its board will consider capital expenditure for a new greenfield project with a capacity of 15,500 metric tonnes per annum at Bharuch, Gujarat on March 16.
Zydus Lifesciences
Sentinel Therapeutics Inc., the US-based biopharmaceutical arm of Zydus, has executed an asset purchase agreement for the sale of BridgBio’s Newlibri (fosdenopterin) for injection. Nulibri is approved by the US Food and Drug Administration (USFDA) to reduce the risk of mortality in patients with molybdenum cofactor deficiency (MOCD) type A, an ultra-rare, life-threatening pediatric genetic disorder.
ISGEC Heavy Engineering
The company has bagged a large order for Cement Waste Heat Recovery Boiler from Shree Cement in Nawalgarh, Rajasthan. The scope of work includes designing, manufacturing and supplying of PH Boiler in Pre Heater Exhaust and AQC Boiler in Cooler Exhaust. The current order for the Nawalgarh site will be the third project that ISAC has received from Shree Cement.
Bafna Pharmaceuticals
Promoter SRJR Life Sciences LLP will sell 99,357 equity shares or 0.42 per cent stake in the company through an open market transaction. The stake sale, which will begin on March 9, is aimed at achieving minimum public stake.
Bharat Forge
The auto subsidiary said its subsidiary Kalyani Strategic Systems (KSSL) has incorporated a joint venture company – Sagar-Manas Technologies (SMTL) with open joint stock company Dastan Transnational Corporation. The JV will help the company in joint upgradation and manufacturing/providing solutions for marine and defense products. Dastan, a Kyrgyzstan entity, is a premier multipurpose enterprise engaged in the development, manufacture, sale of defense equipment, electronic components, medical centrifuges, etc. KSSL will hold 51 per cent stake and Dastan will hold the remaining 49 per cent in SMTL. ,
Sun Pharmaceutical Industries
Subsidiary Taro Pharmaceuticals USA Inc. has completed the acquisition of Galderma’s subsidiaries. Galderma’s acquired subsidiaries included Galderma Holdings Inc. which was incorporated in Delaware, Proactive YK which was incorporated in Japan, and Proactive Company Corporation which was incorporated in Canada. These subsidiaries sold products under the Proactive, Restorative Elements and In Defense of Skin brands. The company paid $99.279 million for the entire transaction.
dish tv
According to an exchange filing, Dish TV Limited has disclosed the results of the Annual General Meeting. The disclosure comes a day after markets regulator Sebi, in an ad-interim order, directed Dish TV to disclose the results of the AGM held on December 30 within 24 hours. As per updated information with the exchanges, shareholders have rejected all three proposals proposed at the AGM.
airlines stock
The Indian government on Tuesday announced the resumption of commercial international flight services from March 27. IndiGo and SpiceJet will remain in focus.
oil stock
Crude oil prices are likely to hit new highs after the US announced sanctions on Russian oil. Other stocks including ONGC, IGL, Indian Oil can see a lot of activity.
metal stock
Heavy profit-booking was seen in the metal index on Tuesday. The metal index may see a lot of investor interest due to higher global commodity prices.
IT stock
A weak rupee helped IT stocks like TCS, Infosys, TechM and Wipro. The trend is likely to continue today.
auto stock
A rise in the prices of major metals could put pressure on auto stocks.
Future Enterprises
The Bombay High Court on Tuesday allowed Future Enterprises to sell its stake in insurance joint venture Future Generali to its Italian partner Generali.
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