Day's Digest - Five stocks to watch out on March 1

The five stocks that may witness some kind of significant movement on March 1 in the markets are: IL&FS Transportation, Cadila Healthcare, ITC, Eicher Motors, Piramal Enterprises.

a) IL&FS Transportation: IL&FS Transportation bagged an order in Ethiopia for road development projects. Ethiopian Roads Authority has awarded road projects for development to the joint venture for a period of 8 years.It will maintain Nekempte - Anger Gutin-Andhode road section (86.10 km) and Agamsa-Bure road section (84.56 km) on an Output and Performance based Road Contract (OPRC).

b) Cadila Healthcare:  Zydus Cadila has received an approval from the USFDA to market Glyburide and Metformin Hcl Tablets USP in strengths of 1.25/250,2.5/500 and 5/500 mg. The drug falls in the anti-diabetics segment and the group’s formulations manufacturing site at Baddi will produce the drug for US market.

c) ITC: Global investment bank CLSA upgraded ITC to ‘buy’ from "sell’, clarifying Budget was a ‘good’ outcome if not the best for ITC. The brokerage has a target of Rs. 370 on ITC. The stock will be in focus throughout the day.

d) Eicher Motors: Eicher Motors’ total Royal Enfield sales for month of February jumped 63 per cent to 49,156 units as compared to same period in previous fiscal year.The stock will be in focus for the whole day on good numbers.

e) Piramal Enterprises:  Piramal Enterprises’ subsidiary acquired Adaptive Software, LLC in USA. The company completed acquisition of Adaptive for USD 24.5 million (Rs 1670 million). Adaptive has reported revenue of USD 3.2 million (Rs 218 million) as of 2015.