Domestic equity indices BSE Sensex and NSE Nifty continued to trade firm in afternoon trade on account of sustained buying by investors amid mixed global cues. Besides, short-covering by speculators in view of March monthly expiry in the futures and options space also supported the upside. Sensex was trading 57 points up at 25,396 in afternoon deals (at 1.39 pm).
Below are 11 stocks which are likely to remain in focus today
Dr Reddy’s Laboratories: Dr Reddy’s Laboratories has entered into a licensing agreement with Eisai Co, Japan by which it will be granted exclusive worldwide development and commercialisation rights (excluding Japan and Asia) for Eisai’s investigational anticancer agent E7777. Eisai will be responsible for the development and marketing of E7777 in Japan and Asia, while Dr. Reddy’s holds the option for rights to develop and market the agent in India.
Hindustan Zinc: Hindustan Zinc on Wednesday announced that it will pay Rs 10,141 crore as dividend, which includes Rs 3,000 crore to the government, to its shareholders for the 2015-16 fiscal, the highest by any private company. READ MORE
Kansai Nerolac: Industrial paints maker Kansai Nerolac said it has completed sale of its land in Chennai to realty firm Brigade Properties for over Rs 535 crore.
Gammon India: Gammon India said its board will this week consider a proposal received from an investor for investment in the company’s engineering procurement and construction business. READ MORE
Ashok Leyland: Hinduja Leyland Finance, an arm of Ashok Leyland, has filed draft papers with capital markets regulator Sebi to raise at least Rs 500 crore through the initial share sale.
Jain Irrigation: Jain Irrigation Systems Ltd’s (JISL) food processing arm has raised Rs 402 crore from Mandala Capital for growth of the company.
Vijaya Bank: State-run Vijaya Bank on Wednesday said the government has approved a capital infusion of Rs 220 crore in lieu of preferential allotment of shares.
Natco Pharma: Drug firm Natco Pharma on Wednesday said its board has approved to sell its ‘Save Mart Pharmacy Stores’ in the US.
IIFL Holdings: IIFL Holdings said its subsidiary IIFL Wealth Management has approved conversion of 1.3 crore warrants issued to General Atlantic Singapore into equities.
Oriental Bank of Commerce: The bank informed bourses that the Finance Ministry has conveyed its decision to infuse capital funds to the tune of Rs 300 crore in the bank by way of preferential allotment of equity in favour the Government of India
Brigade Enterprises: Brigade Group and GIC has announced the joint acquisition of an approximately 16 acre property in Chennai from Kansai Nerolac Paints for a sale consideration of Rs 537.86 crore.
Gujarat Gas, Indraprastha Gas (IGL) and Petronet LNG: Shares of gas distributors remained in focus on Thursday after the government cuts natural gas prices by 20 per cent to $3.06 per mmbtu for April-September period. Gas distributors such as Gujarat Gas, Indraprastha Gas (IGL) and Petronet LNG were trading higher by 3.23 per cent, 1.88 per cent and 0.49 per cent, respectively, in the afternoon deals. READ MORE
Tata Motors DVR, Aurobindo Pharma, Bharti Infratel and Eicher Motors: Shares of Tata Motors DVR, Aurobindo Pharma, Bharti Infratel and Eicher Motors were trading higher on account of inclusion in the Nifty 50-pack from April 1.