Stocks to watch: At around 8:02 am, Gift Nifty futures traded with a cut of 0.19 per cent, or 43.05 points, at 22,045.5, indicating a weak opening for the markets. Indian equities ended Tuesday’s session on a weak note, led by losses in IT and banking stocks. Nifty at the close stood at 22,004.7, down 0.42 per cent, or 92.05 points, while Sensex ended lower by 0.5 per cent, or 361.64 points, at 72,470.3. Meanwhile, the broader markets outperformed their headline peers, with the Nifty Midcap 100 rising over 1 per cent.

Here are the stocks to watch on Wednesday.

Indian Hotels: The Tata Group company infused S$6.5 million as equity in its wholly-owned subsidiary in the Netherlands. 

Sanofi India: The company and Cipla announced an exclusive distribution tie-up for expanding the reach of Sanofi’s Central Nervous System (CNS) portfolio, including its six brands.

IRFC: The company, in an exchange filing, said that Uma Ranade has been entrusted with additional charge as Chairman and MD, IRFC.

Apollo Pipes: The company agreed to acquire at least 53.57 per cent share capital and voting rights in Kisan Mouldings.

Religare Enterprises: The Enforcement Directorate (ED) seized assets worth Rs 124 crore in the Religare Finvest money laundering probe.

CDSL: Standard Chartered is expected to pare its entire 7.18 per cent stake in the company at a floor price of Rs 1,672 per share, a discount of 6.5 per cent to the last closing market price.

Aster DM Healthcare: Private equity firm Olympus Capital Asia, in a block deal, will offload a 9.8 per cent stake in the pharma company at Rs 400 per share. 

Angel One: The broking firm has launched its QIP issue at a floor price of Rs 2,555 per share, a discount of 6 per cent to the last closing price. The company’s board will meet to deliberate on the issue price on April 2.

Wockhardt: The company’s QIP, which was opened on March 20, ended yesterday (Tuesday). Through the QIP, the company raised Rs 480 crore by issuing shares at an issue price of Rs 517 per share.

Prataap Snacks: The packaged foods major started production at its J&K unit. The total capacity of extruded salty snacks, fried salty pellets, and other salty snacks is around 10,000 MT per year.

Shriram Finance: As the NSE semi-annual rejig will be effective from Wednesday’s session close, Shriram Finance will be in focus as it will replace UPL.

ABB: Brokerages including UBS and Jefferies have reiterated their ‘buy’ stance with the raised target of up to Rs 7,550 per share, signifying an upside of 27 per cent.


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