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Procter & Gamble Health, KEI Industries, Sudarshan Chemical Industries, and Blue Dart Express are trading with higher volumes as compared to Monday.

Hero MotoCorp is falling as reports suggest the Income Tax Department found more than Rs 1,000 crore bogus expenses and over Rs 100 crore cash transactions for a farmhouse in Delhi.

Veranda Learnings Solutions' Rs 200-crore IPO gets bids for 74% of the available 1.2 crore shares on offer on the first day of bidding. Retail investors quota gets overbid by 4.2X of the available 15.4 lakh shares. The offer comprises entirely of a fresh issue of Rs 200 crore.

Uma Exports Rs 60-crore IPO gets oversubscribed by 4.2X of the available 92.3 lakh shares on offer on the second day of bidding. Retail investors quota gets over bid by 5.6X of the available 63.6 lakh shares. The offer comprises entirely of a fresh issue of Rs 60 crore.

Fertilizer stocks like Madras Fertilizers, Rashtriya Chemicals & Fertilizers, National Fertilizers, and Gujarat State Fertilizer & Chemicals among others are rising in trade. The broader sector of fertilizer is also trading in the green.

Axis Securities maintains a ‘Buy’ rating on Healthcare Global Enterprises with a target price of Rs 330, indicating an upside of 21%. The brokerage has a positive outlook on the company due to its rising average occupancy rates, increasing average revenue per occupied bed (ARPOB), and its strong network in the oncology industry with high-end works and reasonable prices.

Rashtriya Chemicals & Fertilizers is trading with more than eight times its weekly average trading volume. Vaibhav Global, AIA Engineering, National Fertilizers, and Rallis India are trading at more than three times their weekly average trading volumes.

Media stocks like Inox Leisure, Network 18 Media & Investments, TV18 Broadcast, and PVR among others are falling in trade. The broader sectoral index Nifty Media is also trading in the red.

G R Infraprojects wins bid for four laning existing two lane stretches from Govindpur to Rajura and Bamni to the Maharashtra-Telangana border. The company is the lowest bidder for the project at Rs 1,744 crore

ICICI Securities maintains a 'BUY' rating on Bharti Airtel with a target price upside of 17.3%. The brokerage is positive on the telecom major as it believes that tariff hike flow through will boost Bharti's EBITDA by 20% in FY23. Additionally, emerging products like Data Centre, IoT, Security, CPaaS, and NaaS hold a future growth potential of 25% CAGR.

Power Grid Corporation of India's board approves investment in a total of five projects worth Rs 821.3 crore. Major investment projects include the strengthening of the transmission system for Srinagar-Leh sector at an estimated cost of Rs 288.7 crore.

Aurobindo Pharma acquires the domestic formulation business of Veritaz Healthcare on a slump sale basis at a consideration of Rs 171 crore on a debt-free cash-free basis. The company expects the acquisition to act as a launchpad for marketing biosimilar and other products in India.

Veranda Learnings raises Rs 46.75 crore from investors by selling 34.12 lakh shares at Rs 137 per share to anchor investors, including AG Dynamics Fund, Resonance Opportunities Fund, and Next Orbit Ventures.

Securities and Exchange Board of India (SEBI) instructs Ruchi Soya to provide an option to FPO (follow-on public offering) investors to withdraw their bids due to circulation of unsolicited text messages advertising the issue. The window for withdrawal is available between March 28 - March 30. Ruchi Soya’s Rs 4,300 crore FPO was oversubscribed 3.6X on the final day of bidding.

Cholamandalam Financial Holdings, Gland Pharma, TeamLease Services, and Vakrangee are trading with higher volumes as compared to Friday.

GAIL surges in trade as its board will mull a buyback of equity shares in its meeting to be held on Thursday.

Sharekhan maintains a ‘BUY’ rating on Laurus Labs with a target price of Rs 735, indicating an upside of 24.6%. Reports suggest that the brokerage has a positive outlook on the company as it is strengthening its presence in the biologics segment. The brokerage expects the active pharmaceutical ingredient (API) revenue to normalize in Q1FY23.

Motilal Oswal maintains a ‘Buy’ rating on State Bank of India and reduces the target price from Rs 725 to Rs 675, indicating an upside of 39%. The brokerage lowers the target price on account of the rising rate environment lowering treasury gains. The brokerage remains bullish on the company’s revival in loan growth, robust asset quality trends, and controlled funding costs.

Uma Exports Rs 60-crore IPO gets oversubscribed by 2.14X of the available 92.3 lakh shares on offer on the first day of bidding. Retail investors quota gets over bid by 2.9X of the available 63.6 lakh shares. The offer comprises entirely of a fresh issue of Rs 60 crore.

G R lnfraprojects wins bid to construct four lane greenfield expressway from Delhi to Vadodara. The company is the lowest bidder for the project at Rs 1,386 crore.

Gujarat Alkalies & Chemicals is trading with more than five times its weekly average trading volume. Aster DM Healthcare, Inox Leisure, EIH, and PVR are trading at more than three times their weekly average trading volumes.

DLF is set to invest Rs 2,000 crore in construction of two new shopping malls in Gurgaon and Goa, according to a news report. The realty major is bullish on the revival of organized retail sector in India post the waning of third Covid wave.

Wipro approves second interim dividend payment of Rs 5 per equity share for FY22. Total payout amounts to Rs 2,000 crore. The record date is April 6, 2022.

IndiaMART InterMESH announces acquisition of a 51% stake in software-as-a-service (SAAS) firm Livekeeping for Rs 45.98 crore in an all-cash deal. The company expects the investment to aid it in achieving its long-term objective of offering various SAAS-based solutions for businesses.

Aster DM Healthcare is rising as it signs a memorandum of understanding (MOU) with the government of Tamil Nadu on Saturday in Dubai, UAE. With the signing of this MOU, the company intends to invest up to Rs 500 crore into developing hospitals, pharmacies, and laboratories in Tamil Nadu.

Emami announces acquisition of the Dermicool brand from Reckitt for a total consideration of Rs 432 crore. Dermicool is one of the leading brands in the prickly heat powder and cool talcum category. The acquisition will be funded through internal accruals and is subject to customary closing conditions.

Multiplex chains PVRand Inox Leisure are set to merge, creating India’s largest film exhibition entity with a network of more than 1,500 screens. According to the merger terms, shareholders holding 10 shares of Inox will get 3 shares of PVR in exchange. The combined entity will add nearly 180-200 screens every year from hereon.

Bajaj Holdings & Investment, Ujjivan Small Finance Bank, Max Healthcare Institute, and IIFL Finance are trading with higher volumes as compared to Thursday.

Torrent Power announces the completion of the acquisition of a 50 MW solar power plant from Lightsource bp and UKCI for an enterprise value of Rs 300 crore.

Consumer facing companies are trading in red with stocks like Titan Company, Whirlpool of India, Voltas, Crompton Greaves and Bajaj Electricals falling. The broader sectoral index i.e. BSE Consumer Durables is also down today.

Inox Leisure surges to touch its 52-week high of Rs 479.45 as the business outlook improves on the easing of pandemic-related restrictions with a strong content line-up for the next few months.

Sugar stocks like Balrampur Chini Mills, Dhampur Sugar Mills, Andhra Sugars, Uttam Sugar Mills among others are falling as reports suggest that India could cap sugar exports to meet domestic demand. India is considering restrictions on sugar exports for the first time in six years and may cap exports at around eight million tonnes.

Axis Securities initiates coverage on G R Infraprojects with a ‘BUY’ rating and a target price of Rs 1,775, indicating an upside of 23%. The brokerage has a positive outlook on the company as it has a cumulative order book of Rs 16,692 crore with comfortable revenue visibility for the next 2 years. The brokerage expects the company’s revenue to grow a 12% CAGR over FY22-FY24

Bharti Airtel prepays Rs 8,815 crore to clear deferred liabilities for spectrum acquired in 2015, the prepayment is for installments due in FY2027 and FY2028. Over the last four months, the company has cleared Rs 24,334 crore of its deferred spectrum liabilities ahead of schedule.

Container Corporation of India is trading with more than nine times its weekly average trading volume. Poly Medicure, Tata Teleservices (Maharashtra),Muthoot Finance, and EIH are trading at more than four times their weekly average trading volumes.

G R Infraprojects receives a letter of award from the National Highways Authority of India for a new highway project in Madhya Pradesh for a total length of 69.1 Km. The bid cost of the project is Rs 907 crore.

Zen Technologies is rising as it receives a project sanction order (PSO) from the Indian Army. The project includes the design and development of a prototype of the Integrated Air Defence Combat Simulator (IADCS). The prototype is to be made ready for user trial readiness review (UTRR) within a period of 30 weeks.

Moody’s Investors Service's report suggests that fuel retailers like Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation are losing Rs 19,000 crore in revenue. This is because of constant prices of petrol and diesel from November 4, 2021 – March 21, 2022, despite the rise in crude oil prices. The companies are losing over Rs 1,900 per barrel with the current market prices.

Lumax Auto Technologies receives approval for application under component champion incentive scheme of production linked incentive scheme for automobile and auto component industry.

Chloride Metals, a wholly-owned subsidiary of Exide Industries, starts commercial production at its new green field manufacturing facility of battery recycling in the state of West Bengal. The 21-acre recycling plant has a total installed capacity of 1,08,000 MT p.a.

Canada Pension Plan Investment Board sells a 2.01% stake (4 crore shares) of Kotak Mahindra Bank on Thursday. This bulk deal is worth Rs 6,800 crore.

V-Guard Industries, Kalpataru Power Transmissions, Prism Johnson, and Cholamandalam Financial Holdings trading with higher volumes as compared to Wednesday.

Emkay Global recommends a ‘Buy’ on State Bank of India with a target price of Rs 680 as it expects credit growth to be around 9-10% in FY22. The brokerage also sees the bank’s operating profit to increase by CAGR 20% over FY22-24 led by rise in net interest income and fee income.

Media stocks like Zee Entertainment, Dish TV India, TV18 Broadcast, Network 18 Media & Investments among others are rising in trade. The broader sectoral index Nifty Media is also rising in trade.

Lupin is rising as it receives US Food and Drug Administration (USFDA) approval for its abbreviated new drug application (ANDA), Sildenafil for oral suspension, 10 mg/mL. The product is a generic equivalent of Revatio, which has an estimated annual sales of $66 million in the US. Sildenafil is used to treat pulmonary arterial hypertension.

HCL Technologies ties-up with Latin American company NEORIS, a leading global digital accelerator, to strengthen its digital transformation capabilities and expand its market presence in Mexico and South America

Indraprastha Gas increases the prices of compressed natural gas by Rs 0.50 per kg and piped natural gas by Rs 1 per standard cubic metre for Delhi with effect from today. This is the third price hike after the company hiked gas prices back in October 2021 and January 2022.

Bajaj Holdings & Investment is trading with more than nine times its weekly average trading volume. SIS, Minda Corporation, Kotak Mahindra Bank, and Zee Entertainment Enterprises are trading at more than five times their weekly average trading volumes.

Ruchi Soya is falling as its Rs 4,300 crore follow-on public offering (FPO) opens for subscription. The company raises Rs 1,290 crore from anchor investors ahead of its FPO. At the upper end of the price band of Rs 650, the company’s FPO is available at more than a 40% discount to its current market price.

Pharma stocks like Dr. Reddy's Laboratories, Aurobindo Pharma, Lupin, and Glenmark Pharmaceuticals are rising in trade. The broader sectoral index Nifty Pharma is also trading in the green.

Sharekhan maintains a ‘Buy’ rating on APL Apollo Tubes with a target price of Rs 1,100 indicating an upside of 28%. The brokerage believes the company’s investment in Shankara Building Products’ can potentially double its sales and improve its volumes as it will be able to use extensive retail and wholesale network. The brokerage expects the company to expand distribution into untapped markets through its investment.

Zee Entertainment surges as Invesco Developing Markets Fund (Invesco) withdraws its requisition notice, seeking the removal of MD and CEO Punit Goenka from the board of the company. Invesco withdraws its notice a day after winning its appeal in the Bombay High Court. Invesco is the largest shareholder in the company with a stake of 18%.

Motilal Oswal maintains a ‘BUY’ rating on Ajanta Pharma with a target price of Rs 2,500, indicating an upside of 29%. However, the brokerage reduces the target price by 10% as it expects the slow pace of abbreviated new drug application (ANDA) filings to hinder growth over the medium term. The brokerage remains positive on the long term on the back of robust outlook in the Branded Generics segment.

RBI approves SBI Mutual Fund, along with other SBI Group companies for acquiring 9.99% stake in ICICI Bank. SBI Mutual Fund holds 5.72% stake in ICICI Bank, till December 2021.

AIA Engineering, J B Chemicals & Pharmaceuticals, CSB Bank, and SKF India trading with higher volumes as compared to Tuesday.

Motilal Oswal maintains a ‘Neutral’ rating on Nestle India and increases the target price to Rs 18,700 from Rs 18,085, indicating an upside of 5%. The brokerage believes the company is well placed to capitalize on immense growth opportunities due to its strong brand and distribution strength. The brokerage finds the long-term narratives for earnings growth to be very attractive.

ICICI Direct initiates coverage on Star Health and Allied Insurance with a ‘Buy’ rating and target price of Rs 800, indicating an upside of 23%. The brokerage expects the company to maintain its market dominance due to its focus on product innovation, competitive pricing, and a strong distribution push.

Mtar Technologies gets declared lowest bidder by NPCIL for fuel transfer system of reactors and FM bridge & carriage assemblies of nuclear reactors. The total value of projects is approximately Rs 135 crore.

Hero MotoCorp is falling on the bourses as Income Tax Department conducts search operations at the company’s 25 premises for suspected tax evasion. According to reports, the search operation is ongoing at the offices and residences of Hero MotoCorp senior management in Delhi, Gururgram, and in other parts of North India

Indian Hotels’ stock surges as its qualified institutional placement (QIP) committee of the board approves its QIP issue. The company plans to mobilize around Rs 2,000 crore through the QIP and has fixed the floor price at Rs 203.48 per share.

V-Guard Industries is trading with more than seven times its weekly average trading volume. Jyothy Labs, TeamLease Services, Zydus Wellness, and Gland Pharma are trading at more than three times their weekly average trading volumes.

SBI Life Insurance announces an interim dividend of Rs 2 per share for FY22. The total payout amounts to Rs 200 crore. The record date is March 30, 2022.

Adani Ports & SEZ records cargo volumes of 300 million tonnes on a year to date basis in FY22. APSEZ had achieved the target of handling 200 million tonnes of cargo three years back. The company is all set to reach the volumes milestone of 500 million tonnes by 2025, according to its latest press release.

SBI Cards and Payments announces an interim dividend of Rs 2.50 per share for FY22. The total payout amounts to Rs 235.8 crore. The record date is March 31, 2022.

Infosys announces acquisition of Oddity, a Germany-based digital experience and marketing agency, for Rs 419 crore in an all-cash deal. The company expects the acquisition to bolster its creativity, branding, and experience design capabilities.

Piramal Capital and Housing Finance (PCHFL) initiates bankruptcy proceedings against Reliance Power and its subsidiary Reliance Natural Resources (RNRL) on default of Rs 526-crore loan. The housing finance company acquired Dewan Housing Finance (DHFL) for a total consideration of Rs 34,250 crore in 2021, merging it with PCHFL. DHFL went bankrupt as it owes more than Rs 90,000 crore to various lenders.

Kalpataru Power Transmissions,Procter & Gamble Health, Tube Investments of India, and Cholamandalam Financial Holdings trading with higher volumes as compared to Monday

Jubilant Foodworks (JFL) issues notice to Golden Harvest QSR to exercise its call option to acquire the remaining 10% equity stake in Jubilant Golden Harvest Limited (JGHL) as agreed on March 6, 2018. Accordingly, JFL will acquire the complete 49% equity stake of Golden Harvest QSR in JGHL. Post the exercise of call options, JGHL will become a wholly owned subsidiary of JFL.

FMCG stocks are trading lower with stocks like Hindustan Unilever, Nestle India, Dabur India, and Marico among others falling in trade. The broader sectoral index Nifty FMCG is also trading lower today.

Axis Securities maintains a ‘Buy’ rating on CreditAccess Grameen with a target price of Rs 831, indicating an upside of 10%. The brokerage remains bullish on the company due to its deep rural presence, expanding branch network, and improving traction on customer addition.

Tata Motors announces price hike of 2-2.5% of its commercial vehicle range with effect from April 1, 2022. The increase in the prices of steel, aluminium and other precious metals, in addition to higher costs of other raw materials, has incited the price hike of commercial vehicles.

HDFC Securities upgrades rating on BPCL to 'BUY' with a target price upside of 15.4%. The brokerage is positive on the OMC owing to its attrative valuation, robust refining margins of $12.3/bbl and possible resumption in daily revision of retail auto fuel prices.

Stocks of upstream oil company ONGC are trading higher on the back of rise in international crude oil prices. Additionally, stocks of oil marketing companies like BPCL and HPCL are trading up on account of an 80 paise hike in petrol, diesel prices as well as a Rs 50 hike in LPG cylinder prices.

KSB is trading with more than sixteen times its weekly average trading volume. Mahindra Holidays & Resorts India, Ratnamani Metals & Tubes, Graphite India, and Rain Industries are trading at more than three times their weekly average trading volumes.

Hindustan Unilever falls after reports suggest of discussions to buy majority stake in Mahashian Di Hatti (MDH).

Future Retail hits its all-time low of Rs 29.7 as banks announce to initiate debt recovery proceedings this week against the company. The banks have initiated the proceedings to safeguard their interests after Reliance unexpectedly took over some of the retailer’s stores. Future Group has more than $ 4 billion in debt.

Indoco Remedies receives approval from the United States Food & Drug Administration (USFDA) for Lacosamide tablets in the strengths of 50 mg, 100 mg, 150 mg and 200mg. Lacosamide tablets are the generic version of Vimpat tablets, which has a market size of $ 1.7 billion. Lacosamide tablets are used for the prevention and control of seizures

IT major Wipro's board will consider the interim dividend for FY22 in the board meeting to be held on Friday. The company had earlier approved an interim dividend of Rs 1 per share in January 2022 and paid the same on February 5, 2022

CLSA maintains ‘Buy’ on ICICI Bank but cuts target price to Rs 1,050 from Rs 1,125 as it expects RBI’s unchanged repo rate (4%) will affect margins in near term. Repo-linked loans account for 38% of the bank’s books and margins will face constraint if RBI decides to keep rates on hold for another few months. The recent spike in operating expenses is also a sign of concern as employee cost inflation remains high. However, the brokerage expects the bank to grow by 17% CAGR over FY22-24.

Equitas Small Finance Bank (SFB) and Equitas Holdings are rising as their boards approve a merger of the two companies. This merger proposes the amalgamation of Equitas Holdings into and with Equitas SFB and the dissolution without winding-up of the transferor company (Equitas Holdings). Shareholders of Equitas Holdings will be allotted 231 equity shares for every 100 shares of the Equitas SFB.

Sun Pharmaceutical Industries inks pact with Japan’s Daiichi Sankyo Company to acquire its 11.28% stake in Zenotech Laboratories. Sun Pharma will acquire 68.8 lakh equity shares worth Rs 5.32 crore. After the acquisition, Sun Pharma’s stake in the company will increase to 68.84% from 57.56%.