Stocks to Watch: LIC, SpiceJet, Bharat Forge, Apollo Pipes and Cipla to remain in focus today

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New Delhi: While Indian indices closed higher on Tuesday, US markets indicate a flat opening on Wednesday with most market indicators such as the dollar index, indicating a negative start. Wall Street indices closed in red on Tuesday as investors readjusted their portfolio. While Brent crude prices cooled down by 0.67 per cent, Bitcoin surged back above $70,000 levels.

Macrotech Developers

Macrotech developers forecast the current upcycle to last 15 years. Developers plan to build on the existing pipeline with an eye on 20 per cent annual growth.

SpiceJet

The budget airline has settled a Rs 755 crore liability owed to its lessor. The airline is gradually cutting liabilities as it strives to be in shape ahead of a decision on the fate of rival grounded air carrier GoFirst for which it has put in a bid.

Bharat Forge

Bharat Forge group stocks will be in focus as the company has denied facing any lawsuit seeking a partition of the family-owned group.

Apollo Pipes

Apollo Pipes acquired a 53.57 per cent stake in Kisan Mouldings to for Rs 118.40 crore. The acquisition was made via preferential shares priced at Rs 18.50 per share.

Cipla

Drugmaker Cipla has inked an exclusive partnership for the distribution of Sanofi products from the central nervous system product range. The company has also received the regulatory nod for its merger of Cipla Tech with Cipla USA.

Adani Power

Adani Group company Adani Power has received the anti-competition regulator CCI’s nod to fully acquire Lanco Amarkantak Power.

Life insurance Corp

State-owned Life Insurance Corp of India has received a GST demand notice of Rs 178 crore from tax authorities for dues computed to cover 2 financial years.

Aster DM Healthcare

Stakeholder Olympus Capital Asia Investments is likely to sell stocks eqaulling a 9.8 per cent stake in Aster Dm Healthcare through a block deal for Rs 1,952.8 crore at a price range of Rs 400-432 per share, CNBCTV18 reported.

Shyam Metaliks

The company’s joint venture with Natural Resources Energy Private Ltd has received a composite licence for 1,526 hectares in Surjagad-1 an iron ore block. The letter of intent from the department of mining in Maharashtra has a 1-year validity.

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