 "Stocks to watch: L&T, Oriental Rail Infra, SBI, Asian Paints, Zydus Lifesciences, and Power Grid shares in focus")
The GIFT Nifty index, around 8:45 am, was up 41 points or 0.17 per cent at 24,402.5 points, hinting at a positive start for Dalal Street on Thursday (July 11). The India VIX, an indicator of volatility in the stock market, was up 1.07 per cent at 14.43 points.
Global indicators remained positive. On Wednesday (July 10), two of the three main Wall Street indices- Nasdaq and S&P 500- ended at record highs once again. Asian stocks surged, with the Nikkei index touching a record high.
Ahead of the stock market opening today, here’s a look at stocks to watch:
L&T: Larsen & Toubro International FZE, a step-down wholly owned subsidiary of Larsen and Toubro, has incorporated a company in Uzbekistan – Larsen & Toubro CIS Foreign Enterprise Limited Liability Company. L&T CIS is formed for the business of Engineering Procurement & Construction (EPC), including all kinds of engineering, supply, civil, installation, testing & commissioning works, the company announced on Wednesday.
Oriental Rail Infrastructure: The company has secured orders worth Rs 19.33 crore from Rail Coach Factory (RCF), Kapurthala, Indian Railways. The order concerns the delivery of various coaches and berths.
SBI: State Bank of India, the country’s largest lender, on Wednesday raised Rs.10,000 crore today at a coupon rate of 7.36 per cent through its sixth infrastructure bond issuance. With the current issuance, the total outstanding Long-Term Bonds issued by the Bank is at Rs. 59,718 crore.
Zydus Lifesciences: The company has received final approval from USFDA for Sacubitril and Valsartan tablets and tentative approval for Diroximel Fumarate Delayed-Release capsules, 231 mg. Sacubitril and Valsartan combination is used to treat chronic heart failure in adults. Diroximel Fumarate Delayed-Release Capsules are indicated for the treatment of relapsing forms of multiple sclerosis (MS) in adults.
Impact Shorts
More ShortsAsian Paints: In response to media reports, Asian Paints has confirmed that it has taken a price increase of approximately 1 per cent at the portfolio level, effective July 22.
Power Grid: The company has announced its plans to borrow up to Rs 16,000 crore during the financial year 2025-26. This decision was made by the Board of Directors in their meeting held on Wednesday. The funds will be raised through various sources, including domestic bonds."
GE Power India: The company is set to sell its hydro business to GE Power Electronics and its gas power business to GE Renewable Energy Technologies.
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