The BSE Sensex and NSE Nifty started the week on a positive note after touching more than a three month low earlier in the session. While investors resorted to some value buying, there seems to widespread caution ahead of the Fed’s meeting on the 16th of this month. India’s volatility index rose to a near one month high to trade above 18 levels.
Below are the stocks that are likely to be in focus today:
Natco Pharma: Natco Pharma share price gained after the drug major announced that it has received approval for generic Daclatasvir Dihydrochloride (“Daclatasvir”) and the patent suit between the company and its partner Alvogen settled over Tamiflu has been settled in a US court. The share price of Natco Pharma closed 2.88 per cent up at Rs 547.50.
TCS: Stocks of the IT major closed 0.41 per cent down as the company is expected to face material impact due floods in Chennai, which will hit its revenue in the current quarter.
Infosys: Infosys share price gained 1.63 per cent on Monday after the company announced that it has made an investment of $3 million in Whoop.
Kalyani Forge Ltd: Shares of the Kalyani Forge surged nearly 5 per cent and hit upper circuit on Monday after the said that it plans to double turnover to Rs 500 crore in the next 2-3 years by entering a new product range and expansion.
Bhushan Steel: Stocks of the company remained in news on Monday as the National Green Tribunal on Friday ordered the closure of Bhushan Steel and Strips Limited situated in site -4 industrial area of Sahibabad in Uttar Pradesh for 4 weeks declaring it to be a polluting industry. The share price of Bhushan Steel closed 4.65 per cent down at Rs 43.10.
Maruti Suzuki: Prime Minister Narendra Modi said that for the “first time” India will export to Japan cars which will be made domestically by Maruti Suzuki as part of the ‘Make in India’ initiative. The share price of the car maker closed 1.97 per cent up at Rs 4,569.80
Dabur: Seventy seven India-bound containers of Real Juice manufactured by Dabur Nepal, a subsidiary of Dabur India, were seized by Nepal’s anti graft body after receiving complaints about their quality. The share price of Dabur settled 0.60 per cent down at Rs 266.50.