Stocks To Watch Today on October 21, 2024: JSW Steel, JM Financial, Alembic Pharma Shares in Focus

On Monday, October 21, 2024, the domestic equity indices, Sensex and Nifty 50, will likely open flat-to-lower on Monday after mixed cues from global markets. Check out a few stocks, which can be in focus during the trading session.

• JSW Steel

Jsquare Electrical Steel Nashik, a wholly owned subsidiary of JSW JFE Electrical Steel—an equal joint venture between JSW Steel and JFE Steel Corporation—has signed a share purchase agreement to acquire a 100% stake in thyssenkrupp Electrical Steel India for ₹4,051.4 crore.

• JM Financial

The Reserve Bank of India has lifted the restrictions on JM Financial Products, a significant subsidiary, effective immediately. Previously, the RBI had prohibited the company from financing against shares and debentures since March. The company is now authorized to resume this financing.

• Alembic Pharmaceuticals

Alembic Pharmaceuticals has received final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Diltiazem Hydrochloride extended-release capsules in 120 mg, 180 mg, and 240 mg, used for hypertension treatment.

• Godrej Properties

Godrej Properties has acquired 3 acres of land in Ahmedabad, which has the potential for 0.9 million square feet of saleable area, including premium residential apartments with an estimated booking value of ₹1,300 crore.

• Dodla Dairy

Dodla Dairy has finalised the acquisition of a 35.23-acre land parcel in Dharashiv, Maharashtra, for establishing a new plant.

• Wipro

Wipro has established its step-down subsidiary, Wipro Life Science Solutions, LLC, in the US, effective October 10, to explore new opportunities in the life sciences sector.

• KPIT Technologies

The Board of KPIT  will meet on October 23 to discuss fundraising through the issuance of equity shares or other instruments. Additionally, the company’s wholly owned step-down subsidiary, PathPartner Technology GmbH in Germany, has been voluntarily liquidated as of October 2.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.