Cochin Shipyard, Go Fashion, Titagarh Rail, Indian Oil Corp, Star Health among top stocks to track today

Stocks to watch: The SGX Nifty indicates a positive start to trading on Monday. At 8:31 AM, the Nifty futures on the Singapore Exchange traded 62.5 points, or 0.34 per cent higher at 18,672.5. Besides, Asian shares started tentatively on Monday as investors braced for central bank meetings from Europe, Japan, and the United States this week, along with US inflation data that will likely influence the Federal Reserve's monetary policy path.

Let's take a look at the top stocks that may remain in focus today.

Cochin Shipyard said that it has been declared L1 (lowest bidder) by the Indian Navy for the MR/mid-life upgrade of an Indian Naval Ship. The final contract is expected to be executed in due course, with an estimated value of approximately Rs 300 crore.

AMCs: In its latest report, Jefferies notes that the equity fees of large asset management companies (AMCs) may fall around 30 bps on proposed caps on fees of equity-linked assets under management (AUMs). Further, it could impact profit by 50 per cent for large AMCs.

Zydus Lifesciences has received final approval from the USFDA for Balsalazide Disodium Capsules USP, 750 mg (USRLD: Colazal Capsules, 750 mg).

Go Fashion: Sequoia Capital is expected to sell 55 lakh company shares (10.18 per cent stake) via a block deal today. The deal value amounts to Rs 625 crore, as per Zee Business. The floor price has been set at Rs 1,135.

CMS info: Promoter, Sion Investment has sold 2.12 crore (13.75 per cent) shares at Rs 300.23 apiece.

Concor: Zee Business reported that the divestment plan may be delayed indefinitely. 

Pharma stocks in focus: Pharma companies have reported Q1FY24 export numbers. Divi's Labs' exports grew 50 per cent YoY but declined 16 per cent QoQ. Laurus Labs' exports rose 24 per cent YoY but slipped 57 per cent on a sequential basis while Sun Pharma's exports increased 8 per cent YoY. However, on a sequential basis, it slipped 34 per cent. Lupin reported a rise in exports on both YoY and sequential basis - up 20 per cent and 32 per cent, respectively. Dr Reddy's exports jumped 63 per cent YoY and 16 per cent QoQ, as per Zee Business Research.

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Vedanta on Saturday said it had been declared the "preferred bidder" for an iron ore mine in Goa. The government of Goa had invited tenders to participate in an electronic auction for the grant of mining leases in respect of iron ore mines in the state, the company said in a regulatory statement.

Indian Oil Corp: Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries and its partner BP of the UK offered in the latest auction of the fuel used to generate power, produce fertiliser, turn into CNG, and use for cooking purposes, as per a PTI report.

Titagarh Rail Systems, formerly known as Titagarh Wagons Limited, said on June 10 that its board had approved the proposal to raise Rs 288.8 crore via a preferential allotment of shares to Smallcap World Fund Inc. In a regulatory filing, Titagarh Wagons said the board gave the nod for the issuance of up to 76 lakh shares to the Capital Group company.

Star Health: The founder of one of the largest private sector health insurers, Star Health and Allied Insurance Company, Venkatasamy Jagannathan, has tendered his resignation from its Board with immediate effect, sources said on Sunday. An industry veteran, the 78-year-old Jagannathan had stepped down from his role as chairman of the city-headquartered firm in May.