Overnight Digest – Stocks to look out for on May 16

The stocks which could see a significant movement on May 16 are Aurobindo Pharma, Monsanto India, Zydus Cadilla, Nilkamal Ltd. /Infosys/Wipro/Sun Pharma/Lupin.

a) Aurobindo Pharma: Aurobindo Pharma on May 13 got USFDA's  approval  for a generic migraine drug. With this approval, the company has now a total of 260 Abbreviated New Drug Application (ANDA) approvals from the USFDA. The shares on Friday closed at Rs 786.05, which is down by 1.91 per cent.

b) Monsanto India: German based agro chemical company Bayer AG is in talks to acquire Monsanto India. The acquisition could be worth Rs $40 billion.

c) Zydus Cadilla:  Zydus Cadilla has declared its Q4 results on May 13 and the results have outperformed street estimates. Net profit’s for the quarter ended have been up by 11 per cent. YoY profits have been up by 32 per cent. 

d) Nilkamal Ltd.: The company on 14 May will declare its Q4FY16 results. The company’s earnings are majorly expected to be positive as it is likely that the company has benefited from low cost of raw materials.

e) HCL Tech/Infosys/Wipro/ Sun pharma/Lupin: The government on May 13 cleared the first Intellectual Property Right (IPR) policy, which should ease the pressure of trademark and copyrights which are the major issues faced by the Information & Technology and pharmaceuticals company.