Stocks in News: Wockhardt, VIP Industries, Life Insurance stocks among others key scrips to watch out for today

The Indian markets on Monday witnessed heavy selling pressure as the losing streak continued for fourth straight session. Both the benchmark indices – Sensex and Nifty50 – closed between 2-2.5 per cent lower, mainly dragged by auto, realty, banking and financial services among other indices.    

With escalated geopolitical tensions between Russia and Ukraine, the uncertainty in the markets continued. The crisis has skyrocketed global commodity prices, including crude oil and metals.   

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The market witnessed stock specific action on both side – negative and positive – on Monday, a same likely possible of following day – Tuesday. Stocks such as Wockhardt, VIP Industries, HDFC Life, ICICI Pru Life, Sun Pharma, Shalimar Paints, Mindtree, Adani Transmission, Sun Pharma, Sun TV 

Similarly, largely impacted by rising oil price – Paint, Aviation, Cement, Oil and Gas among other sectors may also see continued action on Tuesday. As on Monday, many paint and cement stocks saw crack in price, with most of them hitting new 52-week low. 

Below are the five themes on which dozens of stocks are likely to show impact on the respective news and corporate actions of the company.  

Corporate Actions  

The ex-date of Wockhardt’s Rights Issue of 3 shares for every 10 shares held offered at Rs 225 

Deep Polymers board to discuss bonus issue of 3:4 

The ex-date of VIP Industries interim dividend of Rs 2.5 per share 

Board Meetings 

Shalimar Paints board to meet tomorrow to discuss about fund raising plan 

Investor Meetings 

Sun Pharma has scheduled an investor meeting with GS Conference  

Mindtree has also lined up meeting a with an investor B&K Conference 

While Adani Transmission and JSW Steel to conduct investor meetings with JPM Conference, separately. 

Stocks in News  

Sun TV Network to pay Rs 5/share interim dividend 

February Life Insurance data: HDFC Life premium up 9% year-on-year, followed by SBI Life up 7%, Max Life up by 5%. ICICI Pru Life premium down by 23% in February.  

Important Events 

Women’s Day 

Impact of 5 Assembly states election Exit Polls

EU GDP and US Trade Balance