These stocks are likely to be in focus on April 8
On Thursday, the headline indices Sensex and Nifty 50, closed marginally on the lower side amidst weaker global cues.
The Sensex was at 59,034.95 down by 575.46 points or 0.97% and the Nifty was at 17,639.55 down by 168.10 points or 0.94%. On the BSE, 1,69 shares have advanced, 1,714 shares have declined, and 106 shares are unchanged.
On the sectoral front, IT, Auto, Metal, Energy, Power, Utilities, Oil & Gas stocks dragged the frontline indices in the range of 1% to 2.5%.
These stocks are likely to be in focus for Friday's trading session:
Tata Motors Limited: Tata Motors has announced that it has acquired an order for 1,300 commercial vehicles from VRL Logistics. The order comprises medium and heavy commercial vehicles and intermediate & light commercial vehicle range, suited for logistics operations of VRL Logistics. The selection criteria of the vehicles were based on superior drivability, high fuel efficiency, and low total cost of ownership, which will enable VRL Logistics to increase its fleet efficiency. The scrip of Tata Motors was down by 1.47% on the BSE.
Motherson Sumi Limited: Motherson Sumi Systems Limited (MSSL) has successfully completed the acquisition of a majority stake in CIM Tools Private Limited by acquiring a 55% stake in CIM Tools Private Limited (CIM). CIM in turn holds 83% in Aero Treatment Private Limited (ATPL) and 49.99% in Lauak CIM Aerospace (a Joint Venture with Lauak International, LCA). CIM, ATPL, and LCA are hereinafter referred to as “CIM Group”. The stocks of Motherson Sumi fell by 1.84% to end at Rs 141.50, on the BSE.
Lupin Limited: Lupin Limited, the pharma major, announced that it has completed the acquisition of a portfolio of brands from Anglo-French Drugs & Industries Limited (AFDIL) and its Associates. By adding a fast-growing portfolio of vitamins, minerals, supplements, and neurological products Lupin aims to strengthen its Formulation business in India. The acquisition of the AFDIL brands will help Lupin shape its portfolio and eventually emerge as a leader in the pharmaceutical space in India. The shares of Lupin were at Rs 784.60, up by 1.51% at market close on the BSE.
52-week high stocks: From the BSE 200 pack, the stocks of Bharat Electricals, Yes Bank, Hindustan Aeronautics, Sun Pharmaceuticals, NTPC, and Indian Hotels Company have hit their 52-week high on Thursday.
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