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Stocks in Focus: Adani Green Energy, Zydus Lifesciences, Biocon and Others

Stocks in Focus: Paytm, Pine Labs, WIpro, JK Cement, and Others - EP
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The GIFT Nifty futures were trading in a flattish range before the market’s opening on Tuesday. Indices are expected to open on a similar sombre note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, extended gains for a second day following firm trends in the US markets. Nifty climbed 0.44% or 94.35 points to settle at 21,349.05, while Sensex went up by 241.86 points or 0.34% to 71,106.96.

Here are some stocks to watch on December 26.

Biocon: Biocon Biologics, a subsidiary of the pharma company, partnered with Sandoz for the exclusive distribution, sale, and promotion of Adalimumab BS, a biosimilar version of the blockbuster drug Humira, subcutaneous injection in Japan.

Anupam Rasayan: The chemical manufacturing company has received a Letter of Intent (LoI) worth Rs 507 crore from a Japan-based multinational company to supply a new-age polymer intermediate for the next 9 years.

PNC Infratech: PNC Unnao Highways, a small-cap construction and engineering company subsidiary, received a provisional completion certificate on December 25 for a Rs 1,602 order from the NHAI.

Zydus Lifesciences: The US FDA inspected the pharma company’s API site in Ahmedabad from December 14 to 22, concluding with six observations.

Aurobindo Pharma: The pharma company announced that the US Food and Drug Administration (US FDA) conducted a pre-approval inspection (PAI) from December 11 to 22 at the new injectable facility of a step-down wholly owned subsidiary of Aurobindo Pharma in New Jersey. The inspection resulted in 10 observations, procedural in nature.

Adani Green Energy: The renewable energy company has inked a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 megawatts (Mw) of solar power. 

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