Stocks in Focus on March 8: IGL, Sun TV, Natco Pharma, Great Eastern Shipping, Tata Motors and many more

The benchmark indices closed near the day's low with steep losses on Monday, March 7, 2022, tracking weak global cues. The barometer index, the S&P BSE Sensex, dropped 1,491.06 points or 2.74% to 52,842.75. The Nifty 50 index fell 382.20 points or 2.35% to 15,863.15. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, March 8, 2022. List of such Stocks:

IGL: Indraprastha Gas Limited (IGL) has announced a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region. The prices have been hiked by 50 paise per kilo in Delhi while Re 1 per kilo in the NCR region. 

Sun TV: The Board of Directors on Monday declared an Interim Dividend of Rs 5 per equity share for the financial year 2021-22.

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Natco Pharma: NATCO Pharma along with its marketing partner Arrow International Ltd (an affiliate of Teva Pharmaceutical Industries Ltd), has announced the launch of the first generic version of Revlimid (Lenalidomide capsules) in 5mg, 10 mg, 15 mg, and 25mg strengths in the U.S. market.

Great Eastern Shipping: Greatship (India) Limited (GIL), a wholly-owned subsidiary of the Company has contracted to sell its 2010 built R-class Platform Supply Vessel 'Greatship Rohini' for scrapping. Greatship Rohini had suffered damage due to a fire incident onboard in February 2021. The vessel is expected to be delivered to the Buyer in Q4FY22.  

Tata Motors: Tata Motors has received an order for 65 electric vehicles from Kerala State Electricity Board. As part of this order, the home-grown electric vehicle manufacturer will deliver 60 units of the Tigor EV subcompact sedan, and 5 units of the Nexon EV subcompact SUV. This order is part of a competitive pan India tender, floated by KSEB in line with the state's vision 'Go Green/Carbon Neutral' by 2030.

Insurance companies in Focus ~ February Premium Data 

ICICI Prudential Life: New business premium dropped 22% YoY in February 2022. The first-year premium has reduced from Rs 1,740 crore to Rs 1,340 crore YoY in February. February Life

Insurance's first-year premium has increased from Rs 22,430 crore to Rs 27,500 crore (YoY).

LIC: First-year premium increased from Rs 12,920 crore to Rs 17,490 crore YoY in February 2022.

HDFC Life: First-year premium increased from Rs 1,900 crore to Rs 2,080 crore YoY in February 2022.
 

SBI Life: First-year premium increased from Rs 1,750 crore to Rs 1,870 crore YoY in February 2022.

Max Life: First-year premium reduced from Rs 730 Cr to Rs 695 Cr YoY in February 2022.