Stocks to watch: Zydus Lifesciences, Dr Reddy's, Cochin Shipyard, and PTC Industries shares in focus

2 months ago 20

The Indian stock market is likely to start the day on a flat note. Asian stocks have given mixed signals ahead of the opening bell. From big orders to licensing agreements to breakthroughs in technology, take a look at why shares of Cochin Shipyard, Zydus Lifesciences, Dr Reddy’s Laboratories, PTC Industries and more are likely to be in focus today read more

 Zydus Lifesciences, Dr Reddy's, Cochin Shipyard, and PTC Industries shares in focus

The stock market is expected to open on a flat note on Monday (July 1). Reuters

The GIFT Nifty index on Monday around 8:45 am was down 14 points or 0.06 per cent at 24,106. It hinted at a flat start for Dalal Street on the first trading day on July. The India VIX, a measure of fear in the stock market, was down 2.47 per cent at 13.8 points.

Ahead of the opening bell, here’s a list of stocks to watch today:

Cochin Shipyard Limited: Udupi Cochin Shipyard Limited (UCSL), a wholly-owned subsidiary of Cochin Shipyard Limited, has secured an international order worth Rs 1,100 crore for eight 6300 TDW dry cargo vessels. The order, awarded by Wilson ASA, Norway, involves the design and construction of four 6,300 TDW dry cargo vessels.

Orchid Pharma: Chennai-based Orchid Pharma Limited, the only Indian pharmaceutical company to invent a New Chemical Entity (NCE), has announced the launch of its new drug, Cefepime-Enmetazobactam. This drug has been approved for treating complicated Urinary Tract Infections (cUTI), Hospital-Acquired Pneumonia (HAP), and Ventilator-Associated Pneumonia (VAP). In collaboration with Cipla Limited, Orchid Pharma aims to ensure widespread and rapid distribution of this breakthrough antibiotic combination across India.

Bharat Electronics Limited (BEL): Navratna Defence Public Sector Undertaking BEL has signed a Rs 3,172 crore contract with Armoured Vehicles Nigam Limited (AVNL) to supply and install an advanced, indigenously designed and developed Sighting and Fire Control System (FCS) for the upgrade of BMP 2/2K Tanks of the Indian Army. The project also includes a comprehensive Engineering Support Package.

Zydus Lifesciences, Dr. Reddy’s Laboratories: Zydus Lifesciences and Dr. Reddy’s Laboratories have entered into a licensing agreement to co-market Pertuzumab biosimilar in India. Pertuzumab is crucial for treating HER2 positive breast cancer patients, and the biosimilar was developed in-house by the Zydus Research Centre (ZRC).

Godrej Properties: Godrej Properties has announced plans to develop an approximately 11-acre land parcel in Hinjewadi, Pune. The development will primarily include Group Housing and High Street Retail, with a developable potential of around 2.2 million square feet and an estimated revenue potential of about Rs 1,800 crore.

PTC Industries: Aerolloy Technologies Limited, a wholly-owned subsidiary of PTC Industries Limited, has successfully developed advanced casting technology for manufacturing Single Crystal and Directionally Solidified blades and vanes for Aero-engine and Industrial Gas Turbine applications. This new manufacturing capability has been established at its Lucknow facility.

BCPL Railway Infrastructure Limited: BCPL Railway Infrastructure Limited has received an order from K-Ride, the Rail Infrastructure Development Company (Karnataka) Limited. The project, valued at Rs 349.47 million, is expected to be executed over a period of 15 months.

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