Adani stocks, HDFC, Sun Pharma, other stocks to watch on March 28, 2023

Produced by: Harshita Tyagi
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The short-term trend of Nifty continues to be weak with high volatility, according to analysts. Sun Pharma, Reliance Capital, TVS Motor Company shares need to be on your watchlist on Tuesday. It will be a shortened trading week due to a holiday on Thursday

Stocks to watch on
March 28, 2023

Adani Group stocks have taken a significant hit on Monday, with all the group companies seeing a fall for the first time since February 22, 2023. This decline has resulted in a loss of market capitalisation of more than Rs 30,000 crore

Adani stocks

Over three weeks after being hit by an IT security breach, drugmaker Sun Pharma said its operations have been impacted following the incident. Revenues would be reduced in some businesses as a result, the company said

Sun Pharma

Ahead of the merger with HDFC Bank, Housing Development Finance Corporation board has approved plans to raise Rs 57,000 crore through NCDs. This will be done through multiple tranches, the company said

HDFC

TVS Motor has introduced seven new products in Ghana, Africa. The company has launched various new models like Apache 180 and Neo NX among others. TVS Motor ranks amongst the top five two-wheeler companies in the world

TVS Motor

The plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not inclined to another round under the insolvency resolution process

Reliance Capital

IDFC First Bank has partnered with Swedish company Crunchfish to pilot a project to demonstrate offline retail payments. The private lender is set to be a part of RBI's pilot project to enable offline payments

IDFC First Bank

“There is a possibility of Nifty revisiting the recent swing lows of 16,800 in the short term. Any attempt of an upside bounce towards 17,100-17,150 levels could be a sell on rise opportunity,” said Nagaraj Shetti of HDFC Securities

Nifty technical view

“Bank Nifty is stuck in a broad range between 39,000-40,000 and a break on either side will have trending moves. The monthly expiry has the highest open interest build up at 40000 CE and any trade above this will lead to sharp short covering,” said Kunal Shah of LKP Securities

Bank Nifty view

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The content in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position