These stocks are likely to be in focus on April 13
On Tuesday, the headline indices Sensex and Nifty 50, fell by almost 1% during the day amidst weak global cues and higher volatility in the markets worldwide.
The Sensex was at 58,576.37, down by 388.20 points or 0.66% and the Nifty was at 17,530.30, down by 144.65 points or 0.82%. On the BSE, 1,166 shares have advanced, 2,253 shares have declined, and 97 shares are unchanged.
At the end of the day, only the Private Bank sector was trading in the green. Oil & Gas, Realty, IT, Metal, and Energy sectors were down in the range of 1% to 3% each.
These stocks are likely to be in focus for Wednesday's trading session:
Mahindra Lifespace Developers Limited: Mahindra Lifespace Developers Ltd has launched India’s first Net Zero Energy residential project, Mahindra Eden, in Bengaluru which is certified by Indian Green Building Council (IGBC). The unique design features of this residential development are together expected to save over 18 lakh kWh electricity annually, equivalent to powering over 800 homes. The remaining energy demand for the project will be met from renewable sources through both on-site solar and wind energy systems, and the purchase of green energy from the grid. The scrip of the developer was down by 2.02% on the BSE.
Alembic Pharmaceuticals Limited: Alembic Pharmaceuticals Limited has announced that its wholly-owned subsidiary, Aleor Dermaceuticals Limited (Aleor) has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Lidocaine and Prilocaine Cream USP, 2.5%/2.5%. The approved ANDA is therapeutically
equivalent to the reference listed drug product ·(RLD) EMLA Cream, 2.5%/2.5%, of Teva Branded Pharmaceutical Products R&D, Inc and is indicated as a topical anaesthetic for use on normal intact skin for local analgesia and genital mucous membranes for superficial minor surgery and as pre-treatment for infiltration anaesthesia. The stocks of Alembic Pharma fell by 1.74% on the BSE.
Coal India Limited: Coal India Limited has scaled up its capital expenditure to Rs 14,834 crore for the last quarter of FY22, recording its highest capex ever. Blazing past the target of Rs 14,695 crore, the company has recorded an achievement of 101%. It was for the second consecutive fiscal that CIL excelled its capex target, which is a record of its own. CIL’s FY21 capex doubled in a year from that of Rs 6,270 crore in FY20, which indicates a strong base. The entire capex was met through internal accruals. The shares of CIL were down by 5.37% on the BSE.
52-week high stocks: From the BSE 200 pack, the stocks of Adani Green Energy, Adani Enterprises, Page Industries, Adani Transmission, and Adani Total Gas have hit their 52-week high on Tuesday.
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