Stocks To Watch Today: Jio Financial Services, NBCC, Aurobindo Pharma, TCS & More

On Wednesday, 20th March hot stocks like Jio Financial Services, NBCC, Aurobindo Pharma, TCS and Grasim Industries are among the top 10 stocks that are likely to be in focus of the market watchers.

Easy Trip Planners

Zoomcar and EaseMyTrip.com launched a strategic alliance to provide customers with the highest level of ease when booking travel. Through this collaboration, Zoomcar's extensive selection of self-drive vehicles has been smoothly included into the EaseMyTrip platform, enabling customers to reserve their favorite Zoomcar straight from the EaseMyTrip app, providing travelers with ease and flexibility when it comes to trip planning.

Sun Pharmaceutical Industries

Winlevi® has received regulatory approval from the Australian Therapeutic Goods Administration (TGA), according to a statement released by Sun Pharmaceutical Industries Limited. Patients 12 years of age and older may use Winlevi® as a topical treatment for acne vulgaris. In June, Winlevi® will be offered in Australia.

Grasim Industries

The World Bank Group's private sector arm, the International Finance Corporation (IFC), has announced an investment of INR 1250 Crore, or around $150 million, in Grasim Industries Limited in the form of a subscription to non-convertible Non-Convertible Debentures (NCD) that the company would issue. The company's investment in the production of paint will be bolstered by the Sustainability-Linked NCDs. Grasim's decarbonization program will be accelerated by IFC's funding thanks to greater use of renewable energy sources and water recycling throughout the paint manufacturing process.

HCL Tech

Original equipment manufacturers (OEMs) from a variety of sectors will be able to expedite their digital transformation and automation journeys with the help of customized chips offered by HCLTech and CAST, a provider of semiconductor intellectual property (IP) cores. The two companies recently announced plans to expand their relationship. By utilizing silicon-proven IP cores and controllers from CAST, HCLTech will improve design verification, emulation, and quick prototyping of its turnkey system-on-chip (SoC) solutions. This would greatly lower engineering risk and development costs for OEMs in a variety of industries, including consumer electronics, logistics, and the automotive sector.

Tata Steel

The Board of Directors of Tata Steel Limited at its meeting held today i.e., March 19, 2024, considered and approved the issue of 2,70,000 NCDs of face value Rs 1,00,000 each aggregating to Rs 2,700 crore to eligible investors on a private placement basis. March 27, 2024 is the date of allotment and March 26, 2027 is the date of maturity. AA+' by India Ratings and 'AA+' by CARE Ratings Limited have been rated to the NCDs.

NTPC

NTPC has announced to offer Rs. 1,500 crore in unsecured, non-convertible debentures through private placement on March 21, 2024, with a coupon rate of 7.48% per year for a two-year tenure ending on March 21, 2026. The funds that will be raised will be used for various uses, including financing capital projects, refinancing current debt, and other general corporate purposes. The company said on Tuesday that the debentures have been scheduled to be listed on BSE.

Tata Consultancy Services (TCS)

Central Bank, a well-known Midwest regional bank, will upgrade its core technological infrastructure, spur innovation, and fortify relationships with customers with TCS BaNCS^TM, according to a statement from Tata Consultancy Services (TCS) on Tuesday. Through its collaborative cooperation with TCS, Central Bank aims to provide seamless and adaptable client onboarding procedures that will support the bank's ongoing expansion.

Jio Financial Services

According to a statement released by Jio Financial Services on Tuesday, Jio Leasing Services Limited (JLSL), a wholly-owned subsidiary of the company, was incorporated on November 9, 2020, under the provisions of the Companies Act 2013 and will be involved in the business of leasing of all types of movable assets. For the purpose of conducting business, the firm has subscribed for 4,00,00,000 equity shares of JLSL at a price of Rs. 10/-each, for a total of Rs. 40 crore. The aforementioned transaction does not include the Promoter, Promoter Group, or group entities. For the aforementioned transaction, neither governmental nor regulatory clearances have been required.

NBCC India

The company has received a work order of Rs 14 Cr from HSCC (India) Limited (a wholly owned subsidiary of NBCC) for procurement of lab equipment to be installed in the upcoming Himachal Pharma testing lab, Baddi, Distt. Salon, Himachal Pradesh.

Aurobindo Pharma

The US Food & Drug Administration (USFDA) has granted Aurobindo Pharma Limited final approval to manufacture and distribute Mometasone Furoate Monohydrate Nasal Spray, 50 mcg/spray. This product is therapeutically and bioequivalent to Organon LLC's reference listed drug (RLD), Nasonex Nasal Spray, 50 mcg/spray, and is bioequivalent. In Q1FY25, the product will be launched. According to IQVIA, the authorized product's projected market size for the year ending in January 2024 is US$ 44.5 million. Aurobindo now has a total of 507 ANDA approvals (488 Final approvals and 19 tentative approvals) from USFDA, as per a stock exchange filing on Tuesday.