Mid-Day stock watch on April 12

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 buyback amounting to Rs 1569 crore to begin on April 18. The company’s buyback of equity shares will begin on April 18 and is proposed to be completed within a maximum period of six months from the date of opening. The share price will be in focus for rest of the day.

b) Ramco Systems: Ramco Systems announced the winning of a Logistics ERP software order from GMK Logistics, part of Australian logistics and transport provider, GTI Loqistics. The company will automate the manual processes pertaining to GMK's key supply chain operations by providing modules for better management of warehousing & transportation, freight and fleet, purchase and inventory, integrated with finance and HR all under a unified structure. 

c) Nestle India: Nestle’s noodles got clean chit from Central Food Technological Research Institute (CFTRI). The second batch of 16 samples were tested for lead and taste enhancer MSG (monosodium glutamate). In the meantime, it has also been tested for other safety parameters like metal contaminants, crop contaminants, and toxic substances that are applicable to instant noodles as a proprietary food.

d) Inox Wind: Inox Wind bagged two wind energy projects totalling 70 MW, from Adani Green Energy, an arm of Adani Enterprises. According to the company, Adani has entered into the wind energy segment by placing the company's first orders for wind turbine generators with Inox Wind.

e) Shoppers Stop: Shoppers Stop has opened its store at Mall-de-Goa, Panjim. After the opening of the store in Goa, the company has now 78 outlets including five airport stores under its operations. Its share price will remain in focus for rest of the trading session.