Stocks to Watch, 22 September: Stocks like PNC Infratech, Lupin, TechD Cybersecurity, Netweb Technologies, Garden Reach Shipbuilders, Redington, Power Grid Corporation of India, and Amber Enterprises India will be in focus on September 22.
Aarti Pharmalabs shares rallied 3.3 percent to Rs 930.2 amid significant volumes on the NSE.
The consolidation is expected to continue until the indices decisively break the range of the last three days on either side. Below are some trading ideas for the near term.
The market may extend the upward move amid consolidation, but sustainability will be key to watch. Below are some trading ideas for the near term.
IndusInd Bank: The private sector lender is selling its MFI retail loan pool worth Rs 1,573 crore on a 100% cash basis to improve liquidity and optimize its balance sheet. Aarti Pharmalabs: Abakkus Asset Manager, led by ace investor Sunil Singhania, buys a 1.18% stake in Aarti Pharmalabs for Rs 61.52 crore, while promoters sell 1.1% stake for Rs 57.5 crore. Gensol Engineering: Secures a contract worth Rs 897.47 crore from NTPC Renewable Energy to develop 225MW solar PV projects in Gujarat. Power Mech Projects: Bags an order worth Rs 186 crore from Jaiprakash Power Ventures to provide operation and maintenance services for Jaypee Nigrie Super Thermal Power Plant. Jubilant FoodWorks: Signs an MoU with Coca-Cola India to buy its portfolio of sparkling beverage products and certain other products, also undertaking marketing activities.
Stocks To Watch Today, Dec 27: Stocks like IndusInd Bank, Gensol Engineering, NHPC, Gujarat Fluorochemicals, HMA Agro Industries, Dixon Technologies, RBL Bank, Dhani Services, Lemon Tree Hotels, EPACK Durable, One Mobikwik Systems, SG Mart, Sanathan Textiles, and Concord Enviro Systems will also be in focus on December 27.
ITC, InterGlobe Aviation, Honasa Consumer, Bayer Cropscience, Cello World, CESC, Concord Biotech, Finolex Cables, Page Industries, Tata Investment Corporation, and Zaggle Prepaid Ocean Services will release March quarter earnings on May 23.
Baron Emerging Markets Fund sold a 0.95 percent stake in Aarti Pharmalabs Limited.