Overnight Digest - Five stocks to watch out on March 28

The five stocks that may witness some kind of significant movements on March 28 in the markets are: Reliance Communication, Sun Pharma, Pfizer, Piramal Enterprises, Abbott India, Gammon India, Tata Motors.

a) Reliance Communication: Reliance Communications extends exclusive discussions for potential combination of its wireless business with Aircel.

b) Sun Pharma: Sun Pharma and AstraZeneca Pharma India today informed stock exchanges about a partnership for the distribution of dapagliflozin, an innovative Type 2 diabetes medicine, in India. Dapagliflozin is AstraZeneca India’s leading diabetes medicine.

c)  Pfizer/Piramal Enterprises/Abbott India: These medicines got an extended relief after the Delhi high court decided on Monday to hear pleas of pharma majors challenging the government’s ban on the sale of 344 fixed-dose combination drugs on March 28.

d) Gammon India: Shares of Gammon India surged over 17 per cent in trade on Wednesday after media reports suggested that high net-worth investors led by Christiani & Nielsen are eyeing company's engineering, procurement and construction (EPC) business in India. As company will give clarification the stock can witness some action on Monday.  

e) Tata Motors.: Tata Tiago, the highly anticipated hatchback from the homegrown manufacturer will be launched on 28th of March. The car is expected to take the company’s aspiration to revive its small car segment presence to a new height.