Stocks to Watch: Focusing on Suzlon Energy, Reliance Power, and Mankind Pharma for Nifty and Sensex Movement
Market Overview
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Thursday. GIFT Nifty ended 229 points or 0.88% down at 25,801. Previously, NSE Nifty 50 ended down by 13.95 points to settle at 25,796.90, while BSE Sensex fell 33.49 points to 84,266.29. The market traded flat, taking a pause after Monday's decline.
Stocks to Watch on October 3, 2024
- Suzlon Energy: The company has received advisories from NSE and BSE for non-compliance with SEBI's Listing Obligations.
- Mankind Pharma: The company received regulatory approvals for its acquisition of Bharat Serums and Vaccines.
- Reliance Power: Partnering with Druk Holding to develop renewable energy projects in Bhutan.
- ITC: ITC Infotech acquired 100% of Blazeclan Technologies.
- Aurobindo Pharma: Received USFDA approval for Cephalexin tablets.
- NMDC: Reported a 13.8% rise in iron ore sales for September 2024.
- Coal India: Reported a 1% decline in production for September.
- Maruti Suzuki India: Recorded total sales of 1.84 lakh units in September.
- Hero MotoCorp: Reported an 18.7% increase in sales in September 2024.
- KRN Heat Exchanger: Set to list on NSE and BSE after strong IPO subscription.
Traders should concentrate on careful stock selection and effective trade management during this phase. Holding some short positions may be prudent until a clear upward trend is signaled.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.