There is uncertainty once again about the global economy. Investors are advised to be cautious. But in the meantime, due to positive news, some stocks can see a lot of action.
Buzzing Stocks Today: There is selling pressure in the stock market. Markets are trading around 15 per cent below their record highs. The sentiments have worsened due to the Russia and Ukraine crisis. The price of crude is at $130 per barrel. Energy prices are rising and so does inflation. There is uncertainty once again about the global economy. In such a situation, investors are advised to trade cautiously. But in the meantime, due to positive news, some stocks can see a lot of action today. These include names like Zydus Lifesciences, Bafna Pharmaceuticals, Bharat Forge, Sun Pharma, Infosys, Dish TV. You can also take advantage of the upcoming surge in intraday.
Zydus Lifesciences
Sentynl Therapeutics Inc., the US-based biopharmaceutical arm of Zydus, has entered into an asset purchase agreement for the sale of Bridgbio’s Newlibri (Fosdenopterin) for Injection.
Bafna Pharmaceuticals
Promoter SRJR Life Sciences LLP will sell 99,357 equity shares or its 0.42 per cent stake in the company through open market transaction. The aim of this stake sale, which will start from March 9, is to achieve minimum public shareholding.
Bharat Forge
Auto ancillary company Bharat Forge has said that its subsidiary Kalyani Strategic Systems (KSSL) has incorporated a joint venture company Sagar-Manas Technologies (SMTL) with open joint stock company Dastan Transnational Corporation. The joint venture will help Bharat Forge in joint upgradation and manufacturing and providing solutions for marine and defense products.
Sun Pharma
Sun Pharma’s subsidiary Taro Pharmaceuticals USA Inc has completed the acquisition of Galderma subsidiaries. Galderma’s subsidiaries were Galderma Holdings Inc., Proactive Y and Proactive Company Corporation. These subsidiaries sold products under the brands Proactive, Restorative Elements and In Defense of Skin.
Infosys
Dow Jones and Infosys on Tuesday announced a collaboration for a new human-centered digital experience, according to an Exchange filing.
Dish TV
According to an exchange filing, Dish TV Limited has disclosed its results of the Annual General Meeting. As per the information updated with the exchange, the shareholders have rejected all the three proposals proposed in the AGM.
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