Cipla, Hinduja Group, Raymond, Wipro, and more are the stocks to watch out for on March 27 as they make significant moves in the market.
Cipla has announced an exclusive partnership with Sanofi India to enhance access to Sanofi’s Central Nervous System medications across the country. This partnership will see Cipla distributing Sanofi’s CNS portfolio while Sanofi retains ownership, import, and manufacture of the products. Investors will be keeping a close eye on how this collaboration impacts both companies’ stocks.
Hinduja Group has initiated the rebranding process of Reliance Capital and its operating companies after successfully bidding for the debt-laden firm. This strategic move could potentially boost investor confidence in the group’s stocks.
Raymond is set to expand its business across all three verticals, starting with the apparels business. The company’s CFO, Amit Agarwal, has expressed optimism about the growth prospects in real estate and engineering as well. Investors will be watching closely to see how these expansion plans impact Raymond’s stock performance.
Wipro GE Healthcare has announced a significant investment of $960 million in its manufacturing, research, and development facilities in India. This move is expected to drive growth and innovation within the company, making Wipro stock a key player to watch on March 27.
Angel One has launched a QIP issue at a floor price of ₹2,555 per share, aiming to enhance financial flexibility and support business growth. This move could attract investor interest and impact the company’s stock performance.
Additionally, Standard Chartered Bank is reportedly exiting Central Depository Services (India) Ltd by selling its entire 7.2% stake in the company through block deals. This development could have implications for CDSL stock and will be closely monitored by investors.
Overall, March 27 promises to be an eventful day for the stock market with these key players making significant moves and announcements. Investors are advised to stay informed and keep a close watch on these stocks for potential opportunities and risks.
