Dont miss action in these two trending stocks today!
Alembic Pharmaceuticals and JSW Steel are stocks in news to watch out for today
At 12:05 PM on Tuesday, core equity indices Nifty 50 and Sensex are trading in the red territory at 15,711.40 and 52,395.57, down by 0.96 per cent and 0.85 per cent, respectively.
The following trending stocks are likely to be in focus on Tuesday, March 8, 2022:
Alembic Pharmaceuticals – The company has informed the bourses that its joint venture Aleor Dermaceuticals Limited (Aleor) has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Nystatin and Triamcinolone Acetonide Ointment USP, 100,000 units/gram. Nystatin and Triamcinolone Acetonide Ointment have an estimated market size of USD 4 million for twelve months ending Dec 2021 according to IQVIA. At 12:21 PM, the scrip of Alembic Pharmaceuticals is trading flat at Rs 710.25 per share on NSE. The stock touched an intra-day high of Rs 727.85 during early market hours.
JSW Steel – The company has reported the crude steel production for the month of February 2022 at 15.80 lakh tons, which grew by 21 per cent YoY on a standalone basis. While the average capacity utilisation on expanded capacity was 88 per cent, the utilisation was at 98 per cent excluding their Dolvi expansion project. At 12:23 PM, shares of JSW Steel are down by 2.40 per cent at Rs 621.85.
Keep a close eye on these trending stocks during today’s trading session.