Stocks To Watch Today: Vedanta, Zydus Life, Jindal Stainless, NBCC, GR Infra

The SGX Nifty signals a flat start with a positive bias for Sensex, Nifty today. Cues from US markets remained muted as Dow Jones, S&P 500 and Nasdaq ended in the red on Monday. The Nifty today will likely see resistance at 17,100 and on the downside, the Nifty’s immediate support stands at 16,800-16,850, according to analysts.

Top stocks to watch today are Vedanta, Zydus Life, Jindal Stainless, NBCC, GR Infra, besides others.

Vedanta: Shares of Vedanta will be in focus after the company on Tuesday approved the 5th interim dividend of Rs 20.50 per equity share on face value of Re 1 per share for FY23, which amounted to Rs 7,621 crore. On the other hand, Ajay Goel has resigned from the post of acting Chief Financial Officer (CFO) of the company effective from April 9. 

Jindal Stainless: Jindal Stainless in focus as the company has entered into a collaboration agreement with New Yaking Pte Ltd for the investment in development, construction and operation of a nickel pig iron (NPI) smelter facility in Halmahera Islands, Indonesia. Jindal Stainless said that it will acquire a 49% equity interest in nickel pig iron company for $157 million.

Zydus Lifesciences: Zydus Life will be in focus today as the company has received final approval for Loperamide hydrochloride capsules (USP 2 mg) from the United States Food and Drug Administration (USFDA). 

NBCC (India): NBCC bagged orders worth Rs 146.39 crore from Ghani Khan Choudhary Institute of Engineering and Technology (GKCIET) Malda in West Bengal, and Small Industrial Development Bank of India (SIDBI). 

GR Infraprojects: GR Infra on Tuesday secured letter of acceptance (LOA) from East Coast Railway, for construction of tunnel work & allied works of Khurda – Bolangir new rail line project. The project is worth Rs 587.59 crore.