Stocks to watch on April 11 2023: Vedanta, Bank of Baroda, JSW Steel, Zydus Lifesciences

Stocks to Watch: The Nifty50 index is likely to see a positive opening on April 11 (Tuesday), as indicated by SGX Nifty as well as positive global cues. At 08:22 am, the SGX Nifty was trading 35.5 points or 0.20 per cent higher at 17,720.5 levels. Meanwhile, Asian equities, too, opened higher Tuesday, building on a late recovery that saw US stocks catch bids into the close amid holiday-thinned trading. The dollar edged lower after gaining for three days and Treasury yields was slightly lower.

On Monday, the domestic equity market closed flat with a positive bias. The S&P BSE Sensex settled at 59,846.51, up 13.54 points, or 0.023 per cent while the broader Nifty50 ended 24.90 points higher at 17,624.05 levels.

Let's take a look at some of the stocks that may remain in focus today - 

Vedanta: The Supreme Court has granted permission to the company to carry out maintenance work at its closed Sterlite plant in Tuticorin, Tamil Nadu. That apart, the company is scheduled to consider the issuance of NCDs (non-convertible debentures) on a private placement basis on April 13. 

Bank of Baroda: The public sector lender released its March quarter business update on April 10. The bank's advances rose 19 per cent to Rs 9.74 lakh crore while deposits climbed 15.1 per cent to Rs 12.04 lakh crore.

SBI: The country's largest public sector lender said on April 10 that its board will consider fundraising up to $2 billion on April 18

Kalpataru Power: The company has received orders worth Rs 3,079 crore in March and April 2023.

Shilpa Medicare has received final approval from US Food and Drug Administration (USFDA) for its ANDA, Apremilast tablets, which are available in 10 mg, 20 mg, and 30 mg strengths.

Zydus Lifesciences Ltd on Monday said it has received final approval from the US health regulator to manufacture and market its generic version of Azithromycin tablets used in the treatment of certain bacterial infections.

JSW Steel on Monday posted a 13 per cent growth in its consolidated crude steel production at 6.58 million tonne (MT) during the fourth quarter of FY23. The company had produced 5.81 MT crude steel from operations in India and the US in the year-ago period, JSW Steel said in a statement.

Nagarjuna Fertilizers and Chemicals: The company on April 10 informed that it restarted Urea Production in Plant - II, at Kakinada, Andhra Pradesh and the production stabilised on April 09, 2023.

Maruti Suzuki: A day after Goldman Sachs downgraded the stock to neutral, the stock received a 6 per cent hike in target price from Morgan Stanley. The brokerage has maintained 'Overweight' on the stock with a target price of Rs 11,155.

Bajaj Auto: Jefferies has hiked the target price by Rs 500. 

Zomato: Jefferies has retained a 'buy' rating on Zomato with a target of Rs 100, indicating a 92 per cent upside