Stocks to Watch on Monday, December 18, 2023: Equity markets are likely to start the new week on a sedate note after a euphoric rally towards the end of the previous week. Further, the benchmark indices have soared over 13 per cent in the last seven straight weeks.
At 06:30 AM, Gift Nifty futures quoted at 21,470, indicating a flat to marginally negative start for the Nifty 50.
Meanwhile, here are the stocks that are likely to be in focus on Monday.
Sun Pharma, Lupin: The two pharma majors are recalling products in the US market over manufacturing issues, as per the US Food and Drug Administration (USFDA). Sun Pharma is recalling 96,192 bottles of Liothyronine Sodium Tablets, while Lupin is also recalling an unspecified number of penicillamine tablets in the US.
NTPC: Plans to add 800 megawatt (Mw) capacity to its Sipat Super Thermal Power Station in Chhattisgarh’s Bilaspur district.
Care Ratings: Has received a warning from Sebi on certain discrepancies observed during an inspection held between December 2021 and April 2023. The company has to corrective steps, rectify discrepancies and submit the action taken report (ATR) within 30 days.
PCBL: Board has approved to increase the borrowing limits of the company to Rs 6,000 crore.
Stocks in F&O ban today: Balrampur Chini, Delta Corp, Hindustan Copper, India Cements, Manappuram Finance, SAIL and Zee Entertainment are in futures & options ban period on Monday.
First Published: Dec 18 2023 | 7:08 AM IST