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Drug approval, a strategic acquisition and a Rs 359 crore railway contract have put Emcure, Krishca Strapping and RVNL on investors' radar for the next trading session.
✨ Key Takeaways
The Indian stock market ended lower on Monday, July 20, as benchmark indices extended their losing streak amid weakness in heavyweight private Banking stocks following quarterly earnings.
The Nifty 50 settled at 24,241.35, down 95.80 points or 0.39 per cent, while the Sensex declined 442.92 points, or 0.57 per cent, to close at 77,708.53. Selling pressure in HDFC Bank and Axis Bank, coupled with lingering geopolitical concerns in the Middle East, weighed on overall market sentiment despite gains in select sectors.
Against this backdrop, here are three stocks that are likely to remain in focus during Tuesday's trading session.
Also Read - Adani Group Major to Announce Q1 FY27 Results on July 29; Share Price in Focus
Emcure Pharmaceuticals received approval from the Central Drugs Standard Control Organisation (CDSCO) for Poviztra, a treatment for non-cirrhotic metabolic dysfunction-associated steatohepatitis (MASH). MASH is a progressive liver disease with limited treatment options, making the approval an important addition to the domestic healthcare market.
Poviztra contains innovator recombinant DNA-origin semaglutide and is manufactured at Novo Nordisk's manufacturing facility in Europe before being imported into India. The company said the product will be marketed through its subsidiary, Zuventus Healthcare, which has an established presence in gastroenterology and hepatology. Emcure expects the launch to improve awareness, diagnosis and treatment of MASH across the country.
2. Krishca Strapping Solutions Ltd
Krishca Strapping Solutions Ltd’s board approved the acquisition of a 50.05 per cent controlling stake in Manda Stainless Pvt Ltd. The acquisition forms part of Krishca's long-term strategy to strengthen its presence in value-added specialty steel products.
Following the transaction, Manda Stainless will develop a stainless steel cold rolling facility with an annual capacity of 36,000 tonnes near Vapi, Gujarat. The proposed unit will include cold rolling, bright annealing, precision slitting and other processing facilities. Commercial production is expected to begin in February 2027, subject to project execution and commissioning.
Rail Vikas Nigam emerged as the lowest bidder (L1) for a Railway infrastructure project awarded by East Central Railway. The contract is valued at around Rs 359 crore and involves doubling work on the Sitamarhi-Raxaul railway section in Bihar.
The scope of work includes earthwork, bridges, station buildings, platform Construction, level crossing works and other associated infrastructure across a 41.04-kilometre stretch between Kundawa Chainpur and Raxaul. The order further strengthens RVNL's execution pipeline and reinforces its position as a key player in railway infrastructure development.
Disclaimer: The article is for informational purposes only and not investment advice.