Overnight Digest - Five stocks to watch out on March 31

The five stocks that may witness some kind of significant movements on March 31 in the markets are: Adani Enterprise, Rossell India, Brigade Group, Aurobindo Pharmaceuticals, Reliance Capital.

a) Adani Enterprise: Adani Aero Defence systems and Technologies have signed the statement of intent to co-operate and work together in the field of Unmanned Aircraft Systems in India.  

b) Rossell India: Rossell India has informed stock exchanges on Wednesday that the credit rating agency ICRA has reaffirmed the credit rating of A+ and A1+ to company’s line of credit. 

c) Brigade Group: Brigade Group and GIC Singapore’s sovereign wealth fund today announced the joint acquisition of an approximately 16-acre property in Perungudi for the consideration of Rs 538 crores. 

d) Aurobindo Pharmaceuticals: Aurobindo Pharma today informed stock exchanges that the company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Vancomycin Hydrochloride for Injection USP, 5 g/vial and 10 g/vial (Pharmacy Bulk Package). 

e) Reliance Capital: Reliance Capital, a part of Anil Ambani led Reliance Group, today announced the completion of additional 23 per cent stake sale in Reliance Life Insurance to Nippon Life Insurance. The entire transaction proceeds of Rs 2,265 crore (US$ 348 million) for additional 23 per cent stake in Reliance Life Insurance have been duly received by Reliance Capital from Nippon Life Insurance.