Overnight Digest: Stocks to look out for on March 28

The stocks that are likely to witness significant movement on the bourses on March 28 are Lupin, Maruti Suzuki, Strides Pharma, Cadila Healthcare and Orient Electric.

Lupin: The company has received approval for its Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg, from USFDA to market a generic version of Eli Lilly and Company’s Cialis Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg.

Maruti Suzuki: The company has received approval for manufacturing of Vitara Brezza starting year 2022 at existing Toyota Kirloskar Motor (TKM) plant which will save investment in a new plant for the Company.

Strides Pharma: The company announced that its oral dosage plant in Singapore with manufacturing and research capabilities for tablets and hard gelatin capsules was approved by the US drug regulator.

Cadila Healthcare: Cadila Healthcare’s arm, Alidac Pharmaceuticals, a 100 per cent subsidiary of Cadila Healthcare gets one observation for Ahmedabad plant from USFDA.

Orient Electric: The company has received approval to consider setting-up new manufacturing facility for various products in south India, scout an appropriate location and firm up a project plan.