These stocks are likely to be in focus on September 13
At market close on Monday, the core equity indices ended in the green owing to positive global cues and FIIs investing.
The Sensex ended at 60,115.13 up by 322 points or 0.54% and the Nifty 50 closed at 17,936.35 higher by 103 points or 0.58%. Shares of Titan Company, Tech Mahindra, Axis Bank, Tata Steel, Infosys, and Wipro were some of the top gainers on the Sensex today.
On the BSE, 214 stocks have made their 52-week high whereas 24 stocks reached their 52-week lows today. Out of the 3552 stocks traded on the BSE today, 2189 stocks have advanced, 1394 shares have declined whereas 176 stocks remained unchanged.
These stocks are likely to be in focus for Tuesday's trading session -
JSW Steel Limited: JSW Steel reported standalone Crude Steel production for August 2022 at 16.76 lakh tonnes, a growth of 22% YoY on a standalone basis. Meanwhile, the production of both the type of rolled products flat and long grew by 34% and 25% respectively on a YoY basis. The average capacity utilization was 87.4% during August ’22 mainly due to a shortage of Iron Ore both in the Karnataka and Odisha regions. The shares of the company ended lower by 0.16% on the BSE today.
Zydus Lifesciences Limited: Zydus Lifesciences Limited’s U.S. subsidiary Zydus Pharmaceuticals (USA) Inc. has received final approval from the United States Food and Drug Administration (USFDA) to market Cariprazine Capsules, USP 1.5 mg, 3 mg, 4.5 mg, and 6 mg (USRLD: VRAYLAR®). Cariprazine is an atypical antipsychotic indicated for the treatment of schizophrenia and acute treatment of manic or mixed episodes associated with bipolar I disorder. The drug will be manufactured at the group’s formulation manufacturing facility at Ahmedabad SEZ, India. The shares of the company ended 0.69% higher, on the BSE.
Reliance Industries Limited: According to the company, the firm paid Rs 1,592 crore to acquire Shubhalakshmi Polyesters Ltd, a manufacturer of polyester chips and yarn. The company said Reliance Petroleum Retail Ltd., a wholly owned subsidiary, "executed definitive documents to acquire the polyester business of Shubhalakshmi Polyesters Ltd. and Shubhlaxmi Polytex Ltd. for cash consideration of Rs 1,522 crore and Rs 70 crore respectively, aggregating to Rs 1,592 crore by way of slump sale on a going concern basis."The shares of the company, ended 1.13% higher, at Rs 2597.60 on the BSE today.
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