The domestic stock markets are likely to open in the green after a day’s paused due to positive cues from across the global markets. Asian markets are looking up in early trading, Wall Street had a firm closing and early trends on SGX Nifty indicate a positive opening for the index in India, with a 74-points gain. At 7:30 am, the Nifty futures were trading at 14,254, higher by 74 points or 0.67 per cent on the Singapore Stock Exchange.
Here are stocks to watch in today’s session:
Dixon Technologies: The company has entered into an agreement with Imagine Marketing Private Limited manufacturer of popular boAt wearable gadgets for manufacturing of twin wireless speakers. The said manufacturing will take place from the company’s manufacturing facility located at Noida.
Bandhan Bank: Private lender Bandhan Bank on Wednesday said its loans and advances grew by 23 per cent year-on-year to Rs 80,255 crore during the third quarter of the current fiscal. The advances were at Rs 65,456 crore in the year-ago period. Total deposits during the quarter increased by 30 per cent to Rs 71,188 crore as against Rs 54,908 crore in the corresponding period last year, the lender said in a statement.
Lupin: Lupin Limited on Wednesday announced that it received approval for its Sulfamethoxazole and Trimethoprim Oral Suspension USP, 200 mg/40 mg per 5 ml, from the United States Food and Drug Administration (USFDA), to market a generic equivalent of Bactrim Oral Suspension, 200 mg/40 mg per 5 mL, of Sun Pharmaceutical Industries, Inc. Sulfamethoxazole and Trimethoprim Oral Suspension USP is indicated for the treatment and prevention of a wide variety of bacterial infections (such as middle ear, urine, respiratory, and intestinal infections), and certain type of pneumonia (pneumocystis-type).
Sobha: The company in its quarterly update said that residential housing demand has gained traction as reflected in increase in mortgage loans given by home loan financing banks/ Fls/HFCs. As a result, large developers are outperforming their own previous sales volumes on a Q-o-Q basis. Healthy sales numbers are encouraging despite the fallout of Covid-19 pandemic situation and related stress across industries. Demand situation is also backed by once in a lifetime low interest rates, stamp duty reduction in some states, various payment and other schemes offered by the developers.
NMDC: The state-run company has revised prices of lump Ore at Rs 5,700 per ton and fines at Rs. 4,810 per ton.