Day's Digest - Five stocks to watch out on March 11

The five stocks that may witness some kind of significant movement on March 11 in the markets are: Dr Reddy's Laboratories, ANG Industries, Skipper, Sun Pharma and HCC.

a) Dr Reddy's Laboratories: Dr Reddy's Laboratories signed an agreement with TR-Pharm, a Turkey based company for bio similar drugs. The company will manufacture and bring about commercialization of a portfolio of bio similar drugs in Turkey.

b) ANG Industries: ANG Industries bagged an order of 1500 reversed vending machines. The company will utilise vending machines for collecting waste plastics and P.E.T. (polyethylene terephthalate) bottles.

c) Skipper: Skipper received an order for transmission towers  from Power Grid, for supply of transmission towers in the domestic market. The company’s total order is valued at about Rs 120 crore. During the month of February, 2016, it bagged orders of Rs 500 crore for domestic transmission tower supply; and Engineering Procurement Construction (EPC) transmission line development from Uttar Pradesh Power Transmission Corporation.

d) Sun Pharma: Sun Pharma Global FZE, a subsidiary of Sun Pharma recalled 381120 cartons of Alendronate Sodium tablets. The drug is manufactured at company’s Halol facility in Gujarat.As per United States Food and Drug Administration (USFDA), the drug has been detected with highest unknown impurity level.

e)  HCC: HCC bagged contract from NTPC worth Rs 635 crore to construct head race tunnel for Tapovan Vishnugad Hydro-electric Power Project on the river Dhauliganga in Chamoli district of Uttarakhand. The project is to be completed in 34 months. The company has about Rs 21000 crore order backlog as of FY16.