Mid-Day Stock Watch on March 31

Hours since the markets opened today, after a careful observation of stocks' movements and analysis, we find these below mentioned five stocks worth watching during rest half of the day.

a) Dr Reddy’s Laboratories: Dr Reddy’s Laboratories acquired rights to investigational anticancer agent E777. The company has entered into a licensing agreement with Eisai Company, Japan. It will be granted exclusive worldwide development and commercialization rights for Eisai.

b) Mahindra & Mahindra: Mahindra & Mahindra entered global combine harvester business. The company signed partnership with Sampo Rosenlew, a combine harvester company in Pori, Finland. The stock will be in focused throughout a day.

c) Larsen & Toubro: Larsen & Toubro (L&T) bagged construction orders valued at Rs 2271 crore. The construction order includes a major commercial development and breakthrough transmission line order in Thailand. Its order distributed as Rs 1500 crore for Buildings & Factories Business, Rs 450 crore for Heavy Civil Infrastructure Business and Rs 321 core for Power Transmission & Distribution Business.

d) Mahanagar Telephone Nigam: Mahanagar Telephone Nigam (MTNL) received Rs 428.95 crore from government. The company will surrender of 800 MHz CDMA spectrum to the government. The stock will be in focus rest of the day.

e) IL&FS Transportation Networks: IL&FS Transportation Networks raised funds of Rs 425 crore through NCD. The company has approved the allotment of 4250 rated, listed, redeemable, non-convertible debentures of the face value of Rs 10 lakh on a private placement basis.