IndusInd Bank Ltd., Alkem Laboratories Ltd., Tata Motors Ltd., Dr Reddy’s Laboratories Ltd., GR Infraprojects Ltd. and Brigade Enterprises Ltd. will be the stocks to watch before going into trade on Monday.
Stocks To Watch
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IndusInd Bank: HDFC Mutual Funds’ total stake in IndusInd Bank has exceeded 5%, prompting the NSE to place IndusInd Bank shares under short-term additional surveillance measure (Stage 1).
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Alkem Laboratories: The US FDA did not issue a form 483 following the bioresearch monitoring inspection at the bioequivalence centre in Maharashtra.
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GR Infraprojects: The company has emerged as the bidder for an order worth Rs 4,263 crore from National Highways Authority of India.
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Dr Reddy’s Laboratories: The company has issued a nationwide recall of levetiracetam in the US because of the mislabeling of an infusion bag.
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Tejas Networks: The company has received Rs 123 crore PLI incentive from the Department of Telecommunications.
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Brigade Enterprises: The company has launched its premium residential project in Bengaluru. The revenue potential of the project stands at Rs 380 crore.
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Hitachi Energy India: The company has closed its qualified institutional placement on Thursday. It has approved allocation of 21.9 lakh shares at an issue price of Rs 11,507 per share.
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Tata Motors: The company will consider raising up to Rs 2,000 crore through non-convertible debentures on private placement basis on March 19.
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Ceigall India: The company has received a letter of award for Rs 923 crore order from the National Highways Authority of India.
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Centum Electronics: The company has closed its qualified institutional placement on Thursday. It has approved an issue price of Rs 1,160 per share at a discount of 4.89% to floor price.
. Read more on Markets by NDTV Profit.Alkem Laboratories, GR Infraprojects, Tejas Networks, Ceigall India and Centum Electronics will be some of the other stocks to watch. Read MoreMarkets, Notifications
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