ITC, Pharma stocks, Vedanta, Paytm, Aurobindo Pharma, Muthoot Capital: Stocks to watch on Wednesday

Stocks to watch on Wednesday, March 13: At 8:04, Gift Nifty futures traded 0.08 per cent, or 17.95 points, higher at 22,465, indicating a positive opening for the markets today.

Benchmark equity indices Sensex and Nifty ended higher on Tuesday due to heavy buying in index heavyweights like HDFC Bank, TCS, and Reliance Industries amid mixed cues from Asian markets. The 30-share BSE Sensex closed 165.32 points, or 0.22 per cent, higher at 73,667.96. The broader Nifty ended almost flat at 22,335.70, registering a marginal increase of 3.05 points, or 0.01 per cent.

Here are some stocks that will be in focus on Wednesday, March 13.

Paytm: As per Reuters, the National Payments Corp of India (NPCI) is likely to approve a third-party application provider licence for Paytm, formally known as One97 Communications, by March 15.

Aurobindo Pharma: Eugia Pharma Specialities Ltd, a subsidiary of the company, started the distribution of aseptic products manufactured at Unit III, which was temporarily stopped. 

The operations will start in a phased manner beginning next week and re-start all the lines by April 15, 2024. 

Muthoot Capital: Greaves Finance Limited, a subsidiary of Greaves Cotton, through its 100 per cent EV-focused lending platform evfin, announced a partnership with the company. 

The collaboration entails a total deal size of up to Rs 150 crore (USD 18 million) to drive widespread adoption of electric vehicles in India.

Allcargo Logistics: The company released its operational update for February. 

ITC: The largest shareholder in the company, BAT, will offload a 3.5 per cent stake in the entity via a bulk deal. After the deal, BAT will still hold a big stake in the firm.

Pharma stocks: The centre has issued the strict UCPMP, or uniform code for Pharmaceutical Marketing Practices, for pharma companies. This is the new marketing code as per which pharma companies cannot offer gifts to doctors, and neither free samples nor free samples will go unaccounted for.

Signature Global: The company has launched an affordable housing project in Gurgaon by the name of Orchard Avenue-3.

Bajaj Auto: The company's buyback will close today. The company agreed to buy back shares via the tender route for Rs 10,000.

Tata Group/CG Power stock: PM Narendra Modi will lay the foundation stone of three semiconductor projects worth about Rs 1.25 lakh crore at 10:30 am via video conferencing.

HG Infra: The company has been awarded a LoA from the Indian Railways for Rs 709 crore.

Oriental Rail Infra: From the Railways, the company has bagged an order for supplying an additional 91 wagons.

Likhita Infra: The company has secured an order amounting to Rs 106 crore from HPCL.

(With input from agencies.)

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