Stocks To Watch Today on November 04, 2024: Sun Pharma, Dr Reddy’s, and Zen Tech Shares Will be in Focus

On Monday, November 04, 2024, the benchmark indices Nifty 50 and Sensex are likely to be impacted by mixed global cues. As of 7:55, Gifty Nifty futures were trading almost flat at 24,315, up 0.04%. Check out a few stocks, which will be in focus during the trading session.

• Dr Reddy’s Laboratories

Dr Reddy’s has announced a recall of over 331,000 bottles of Cinacalcet tablets sold in the US, which are used to treat high calcium levels and hyperparathyroidism.

• Sun Pharma 

Sun Pharma shares will be in focus as the US District Court of New Jersey has issued a preliminary injunction preventing Sun Pharma from launching ‘LEQSELVI,’ a drug for severe alopecia areata, until a favorable court ruling or patent expiration occurs.

• Zen Technologies

Zen Technologies reported strong Q2 results, with net profit soaring to ₹62.6 crore, up from ₹15.3 crore year-over-year. Revenue jumped significantly to ₹241.8 crore from ₹66.5 crore year-over-year, and EBITDA rose to ₹80 crore, compared to ₹19 crore year-over-year. The company’s margin improved to 33.1%, up from 28.4% year-over-year.

• Premier Energies

Premier Energies International and Premier Energies Photovoltaic have secured multiple orders totaling ₹560 crore.

• Apollo Hospitals

Apollo Hospitals plans to establish a 500-bed facility in Worli, Mumbai, and aims to add over 3,512 beds across 11 locations in India over the next four years, with a total project cost estimated at ₹6,100 crore.

• Mahindra & Mahindra (M&M)

M&M’s October sales reached 96,648 units, a rise from 80,679 units year-over-year. Tractor sales were particularly strong at 64,326 units, up from 49,336 units year-over-year, surpassing estimates of 49,200 units.

• Coal India

Coal India reported a slight year-over-year decline of 0.5% in October offtake, while production increased by 2.3% year-over-year.

• Refex Renewables & Infrastructure

Refex Renewables & Infrastructure has acquired the remaining 51% stake in Sherisha Solar SPV Two, which is focused on renewable energy and solar power projects.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.