These stocks are likely to be in focus on March 8
On Monday, the headline indices Sensex and Nifty 50 corrected heavily and ended almost 3% below since the last trading session. The Sensex was at 52,842.75 down by 1,491.06 points or 2.74 % and the Nifty was at 15,863.15 down by 382.20 points or 2.35%.
On the BSE, 855 shares have advanced, 2,603 shares have declined, and 136 shares are unchanged.
These stocks are likely to be in focus for Tuesday's trading session:
Zydus LifeSciences Limited: Zydus Lifesciences Ltd. (formerly known as Cadila Healthcare Ltd.), a discovery-driven, global lifesciences company announced that it has received approval for its New Drug Application (NDA) from the Drug Controller General of India for OxemiaTM (Desidustat), a first-of-its-kind oral treatment in India for anaemia associated with Chronic Kidney Disease (CKD). The clinical development programme of Desidustat was one of the largest trials of its kind in India for Anemia in CKD patients, conducted in over 1200 subjects. Desidustat provides CKD patients with an oral convenient therapeutic option for the treatment of anaemia. The scrip of Zydus was at Rs 341.10, down by 1.52% on the BSE.
TVS Motor Company Limited: TVS Motor Company, has announced the launch of the feature-rich offering TVS Raider in the 125 cc segment for the aspirational young customers (Gen-Z generation) in Bangladesh. The distinctly young and sporty motorcycle comes with first-in-class features such as an LCD digital speedometer, 3V i-Touch Start, animalistic LED headlamp and first-in-segment under-seat storage. TVS Raider is coupled to an advanced 124.8 cc air & oil-cooled 3V engine, and it churns a maximum power of 12.9 PS @ 8,000 rpm and torque of 11.5 Nm @ 6,500 rpm. The motorcycle boasts a best-in-class acceleration of 0-60 km/h in 5.7 secs The shares of the company were down by 4.63% at Rs 529.35 at market close on the BSE.
Bharti Airtel Limited: Bharti Airtel and Axis Bank, India’s third-largest private sector bank, today announced a strategic partnership to strengthen the growth of India’s digital ecosystem through a range of financial solutions. In a bid to accelerate the adoption of digital payments in the country, over the coming months, Airtel and Axis Bank will bring to market a range of innovative financial offerings and digital services exclusively for Airtel’s 340 million-plus customers. These will include co-branded credit cards with industry-leading benefits, pre-approved instant loans, Buy Now Pay Later offerings and many more. The partnership was kicked-off today with the launch of the first-of-its-kind ‘Airtel Axis Bank Credit Card’ that will offer a host of attractive benefits such as cashback, special discounts, digital vouchers and complimentary services to Airtel customers. The shares of Airtel were up by 3.46% at Rs 675.60 at market close on the BSE.
52-week high stocks: From the BSE 500 pack, the stocks of ONGC and Hindalco Industries have hit their 52-week high on Monday.
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