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Stocks in Focus: Zydus Lifesciences, UPL, Godrej Agrovet, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.04% higher by 10 points at 25,012 indicating that the domestic benchmark indices are likely to make a muted start on Wednesday.

On Tuesday, 27 August, Domestic benchmark indices S&P BSE Sensex gained 14 points or 0.02%, to end at 81,712 while the Nifty50 traded 7 points or 0.03% higher and settled at 25,018

Here are some stocks that are likely to remain in focus on 28 August.

IPO Listing: Orient Technologies is set to debut on the Mainboard, whereas QVC Exports and Ideal Technoplast Industries are set to make their entries on the SME platform.

Zydus Lifesciences: The company has received final approval from the US Food and Drug Administration to market its Amantadine extended-release capsules, 68.5 mg, and also secured a tentative approval for 137 mg dosage. 

UPL: A step down subsidiary of the company, UPL Global Ltd has acquired a remaining 20% stake in PT Excel Meg Indo. 

Godrej Agrovet: The company has acquired an additional 49% stake in Godrej Tyson Foods Ltd from Tyson india holding Ltd, taking its total stake in Godrej Tyson Foods to 100%. 

Hindustan Unilever: Hindustan Unilever (HUL) has received a tax demand of ₹962.75 crore, which includes an interest of ₹329.33 crore. This notice is related to HUL’s ₹3,045 crore acquisition of the India Health Food Drinks (HFD) business from the GlaxoSmithKline (GSK) Group.

NBCC: The Board of Directors of the company are set to approve 1:2 bonus issue at the upcoming board meeting on 31 August. 

ICICI Prudential Life Insurance: The company has received a tax demand of Rs 429.05 crore from the Deputy Commissioner of State Tax, Maharashtra. 

Wipro: The company has strengthened its partnership with Dell Technologies to integrate its AI enterprise solutions and provide enterprises with best-in-class technology and the latest in chip designs.

PNC Infratech: The company has secured an order worth Rs 380 crore from NHAI for constructing an additional 3-lane Bridge over River Ganga to connect Buxar and Bharauli on NH-922. 

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