Dr Reddy's Laboratories, Cyient, REC, IDFC First Bank: Stocks to watch on Thursday

Stocks to watch on Thursday, March 28: At 8:09 am, Gift Nifty futures traded with a minor gain of 0.03 per cent, or 5.95 points, indicating a flat to positive opening for the markets. Domestic equity indices gained on Wednesday, March 27, led by buying in oil and gas and financial shares, primarily in heavyweights such as RIL and HDFC Bank. The Nifty index ended 118.95 points, or 0.54 per cent, higher at 22,123.65, and the Sensex settled with a gain of 526.01 points, or 0.73 per cent, at 72,996.31.

Here are some stocks that will be in focus on Thursday, March 28.

IDFC First Bank: Cloverdell Investment, an affiliate of the US-based private equity entity Warburg Pincus, is likely to sell 15.9 crore shares in the private sector bank today via block deal.

Dr Reddy's Laboratories: The company entered into a distribution partnership with Sanofi Healthcare India Private to promote and distribute the vaccine brands of Sanofi, including well-established paediatric and adult vaccines, in India.

Cyient: The company announced a strategic partnership with Deutsche Aircraft for detail design and manufacturing (DFM) of the rear fuselage section for the 40-seater D328eco regional turboprop aircraft. 

Zydus Lifesciences: The US Food and Drug Administration (USFDA) conducted an inspection at the manufacturing plant in Ahmedabad. This cGMP USFDA inspection was conducted from March 18 to March 27, 2024. The inspection closed with four observations.

REC: REC's board approved the market borrowing programme worth Rs 1,60,000 crore. 

PCBL: The company approved the issuance of up to 1,60,00,000 warrants of the company at a price of Rs 280. 

Chalet Hotels: The company launched a QIP issue and set the floor price at Rs 780.76 per share.

ICICI Securities/ ICICI Bank: The company's 72 per cent public shareholders have given their go-ahead for the delisting of ICICI Securities. Nonetheless, 68 per cent of individual investors in the scrip are against its delisting. However, 84 per cent institutional investors have given their consent for the same.

Piramal Enterprises, IIFL Finance, other banks, and NBFCs: These stocks will gain focus after the apex banker RBI has eased the provisioning norms for banks and NBFCs investing in AIFs or alternate investment funds.

MCX: The market watchdog Sebi has asked the commodities exchange to again shortlist the candidates to be appointed as its MD and CEO.

Alkem Laboratories: The USFDA, after inspection at the company's Baddi facility from March 19 to March 27, 2024, has issued Form 483 with 10 observations.

BHEL: The heavy electrical equipment company bagged an order worth Rs 4,000 crore from Adani Power.

SRF: The company's promoter, Kama Holding, pared 6.75 lakh shares in the speciality chemicals company.

GOCL Corporation: The company has inked an MoU with Hyderabad-based Squarespace Builders for the monetisation of 264.5 acres of land estimated to be around Rs 3402 crore. 

(With inputs from agencies.) 

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