By Admin 
Stocks to watch: Yesterday i.e. Monday, March 16, a wonderful recovery was seen in the Indian stock market. BSE Sensex closed at the level of 75502.85 with a jump of about 939 points. At the same time, Nifty also managed to close at the level of 23408.80 with a gain of 258 points. With this, the trend of decline in the market that had been going on for three days stopped.
However, analysts say that investors should not pay too much attention to this jump of just one day. They should wait for this gain to be sustained as the index is still trading below the important ‘resistance zone’. Let us see in this sequence which companies’ shares are going to be in the focus of investors today due to different news and developments.
Reliance Industries (RIL)
Reliance Industries Limited (RIL) said on Monday that it has signed a major long-term agreement with South Korea’s Samsung C&T Corporation for the supply of green ammonia. This is one of the largest deals in the emerging green fuel market in the world.
Sun Pharma
Sun Pharma, the country’s largest pharmaceutical company, has received approval from the US Food and Drug Administration (USFDA) to expand the scope of therapeutic use of its new drug ‘Ilumya’. This medicine can now be used to treat adults suffering from active psoriatic arthritis. The company said that the US regulator has accepted Sun’s Supplemental Biologics License Application (sBLA) for review.
RVNL
RVNL (Rail Vikas Nigam Limited) has received an order worth Rs 95.27 crore from NMDC for railway track refurbishment in Chhattisgarh. Due to this, there may be movement in the shares of Rail Vikas Nigam Limited today.
Ola Electric
Ola Electric Mobility is preparing to raise Rs 2000 crore by selling stake in its subsidiary battery unit Ola Cell Technologies (OCT). The impact of this news may be visible on the shares today.
Tata Motors
The company has announced to increase the prices of its commercial vehicles by 1.5 percent from April 1. According to Reuters report, this increase in prices is being done to partially reduce the impact of rising commodity prices and other input costs.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
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