Stocks To Watch: Adani Transmission, Biocon, Nazara Tech

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Adani Transmission has entered into a pact with Essel Infraprojects to buy Warora-Kurnool Transmission

The benchmark indices are likely to open sideways after the extended weekend due to absence of any cues from the global market front. US markets ended virtually unchanged, Asian markets are poised for a marginally higher opening and trends on SGX Nifty indicate a flat opening for the markets back home. At 9:30 am, the Nifty futures were trading at 14,770, higher by 29 points or 0.15 per cent on the Singapore Stock Exchange.

On Friday, the BSE Sensex had climbed 568.38 points or 1.17 per cent to close at 49,008.50 and the Nifty had risen 182.40 points or 1.27 per cent to 14,507.30. The markets were shut on Monday on account of Holi and will remain closed on Friday due to Good Friday, in what will be a truncated week of trading.

Stocks to watch in trade in today’s session (March 30, 2021)

IDBI Bank

IDBI Bank’s board has approved a rupee bond borrowing limit of Rs 8,000 crore for the next financial year, IDBI Bank said in a regulatory filing to the stock exchanges. The money would be borrowed in one or more tranches during FY 2021-22.

Adani Transmission

Adani Transmission has entered into a pact with Essel Infraprojects to acquire Warora-Kurnool Transmission Ltd (WKTL) for an enterprise value of Rs 3,370 crore.

Nazara Technologies

Nazara Technologies will list on the bourses today. The IPO was subscribed a whopping 175 times.

Biocon

Biocon Pharma has partnered with Libbs Farmaceutica to launch generic formulations in Brazil, Biocon said in a filing to the stock exchanges.



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