Sun Pharma, TCS, Indigo, Indus Towers, and Other Stocks to Watch Today

  • March 9, 2022, noon

The Nifty50 was up 0.1 percent at 15,956.5 as of 7:06 am on Wednesday, hinting at a slightly higher opening for the Indian benchmark indices. The market gained back its momentum for the first time in the last five consecutive sessions and clocked one percent gains on March 8. The broader markets also joined the rally, with the Nifty Midcap 100 and Smallcap 100 indices rising 1.24 percent and 1.51 percent, respectively.

Here is a list of stocks to watch out for in trade today:

Yasho Industries

The company said its board on March 16 will consider capital expenditure for a new greenfield project with a capacity of 15,500 metric tons per annum at Bharuch, Gujarat. 

Zydus Lifesciences

Zydus’ US-based biopharmaceutical arm, Sentynl Therapeutics Inc., has executed an asset purchase agreement for the sale of BridgeBio’s Nulibry (Fosdenopterin) for injection. Nulibry 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 paediatric genetic disorder.

ISGEC Heavy Engineering

The company has bagged a large order for cement waste heat recovery boilers from Shree Cement in Nawalgarh, Rajasthan. The scope of work includes designing, manufacturing, and supplying a PH boiler in the pre heater exhaust and an AQC boiler in the cooler exhaust. The current order for the Nawalgarh site will be the third project that Isgec has received from Shree Cement.

Bafna Pharmaceuticals

Through open market transactions, promoter SRJR Life Sciences LLP will sell 99,357 equity shares, or 0.42 percent of the company, The purpose of this stake sale, which will start on March 9, is to achieve a minimum public shareholding.

Bharat Forge

The auto ancillary company 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 joint venture will help the company participate in joint upgradation and manufacturing and provide solutions for marine and defence products. Dastan, a Kyrgyzstan entity, is a leading multipurpose enterprise engaged in the development, manufacturing, and sale of defence equipment, electronic devices, medical centrifuges, etc. KSSL will hold a 51 percent stake, and the balance of 49 percent will be held by Dastan in SMTL.

Sun Pharmaceutical Industries, Inc.

Subsidiary Taro Pharmaceuticals USA Inc. has completed the acquisition of subsidiary companies of Galderma. The acquired subsidiaries of Galderma included Galderma Holdings Inc, which was incorporated in Delaware, Proactiv YK, which was incorporated in Japan, and The Proactiv Company Corporation, which was incorporated in Canada. These subsidiaries sold products under the Proactiv, 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 Ltd. has disclosed its results from the annual general meeting. The disclosure comes a day after market regulator Sebi in an ad-interim order directed Dish TV to disclose the results of its AGM that was held on December 30 within 24 hours. According to the information updated by the exchanges, the shareholders have rejected all three of the three resolutions proposed at the AGM. The


Indian government on Tuesday announced the resumption of commercial international flight services from March 27. The stocks of IndiGo and SpiceJet will be in focus.

Oil stocksCrude

prices are likely to scale new heights after the US announced a ban on Russian oil. Stocks of ONGC, IGL, and Indian Oil, among others, may see a lot of activity.

Metal stocks On

Tuesday, the metal index saw heavy profit booking. With global commodity prices remaining elevated, the metal index could see a lot of interest from investors. The weak

rupee has helped IT stocks such as TCS, Infosys, TechM, and Wipro. The trend is likely to continue today.

Auto stocks: With

the prices of key metals going up, auto stocks could come under pressure.

Future Enterprises

The Bombay High Court on Tuesday allowed Future Enterprises to sell its stake in insurance joint venture Future Genrali to its Italian partner Generali, the firm said.

DISCLAIMER:Disclaimer: The views and investment tips expressed by the experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before making any investment decisions.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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