Stocks to Watch Today: Aurobindo Pharma, ACME Solar, IRFC, Ambuja Cements in Focus

Aurobindo Pharma: Positive Phase 3 Results Boost Sentiment

It is noteworthy that CuraTeQ Biologics, which is a subsidiary of Aurobindo Pharma, recently revealed that it has been able to achieve positive topline results through its Phase 3 clinical trial on its investigational product BP11 (biosimilar to Xolair). The clinical trial achieved success in meeting all its primary endpoints by showcasing comparability with the originator drug.

ACME Solar Holdings: Progress in BESS Projects

ACME Solar Holdings has achieved considerable success in the Battery Energy Storage System projects being implemented by their subsidiaries in Rajasthan. ACME Suryodaya has successfully completed commissioning of Phase 5 with 76 MW/160.512 MWh out of the total capacity of 285 MW/601.904 MWh installed at its Jaisalmer project. After completing this phase, the total commissioned capacity now is 247 MW/521.652 MWh.

Furthermore, ACME Sun Power has successfully completed commissioning of Phase 5 with 33.334 MW/160.48 MWh out of the total capacity of 300 MW/1409.34 MWh installed at Phalodi & Jodhpur. Post completion of this phase, the total commissioned capacity has now reached 166.670 MW/802.460 MWh.

PDS: ₹450 Crore Sourcing Deal with US Retailer

The company PDS has partnered with an American retail giant in the Sourcing-as-a-Service business model. In this model, the organization will use its global sourcing network to offer services related to managing vendors, compliance, and supply chain execution. The revenue from this business model is expected to be ₹450 crore, with potential for scalability in the future.

Titagarh Rail Systems: ₹610 Crore Expansion Approval

The Indian Railway Coach Manufacturing Company, Titagarh Rail Systems, has been granted the in-principle approval of the Ministry of Ports, Shipping, and Waterways to develop a brownfield expansion project worth ₹610 crore at Falta, West Bengal. This is in line with the Indian government’s Shipbuilding Development Scheme.

Deep Industries: ₹59 Crore ONGC Contract

Deep Industries has received a Letter of Award from Oil and Natural Gas Corporation regarding their services concerning the compression of natural gas, dehydration of the gas, and dew point depression of hydrocarbons in Malleswaram, Rajahmundry field of Oil and Natural Gas Corporation. The contract period is for three years, and the contract value stands at ₹59 crore.

Ambuja Cements: Sanghi Industries Merger Impact

Ambuja Cements will continue to be in the spotlight now that the shares of Sanghi Industries have been put on trading halt from April 6 onwards, as a result of its merger with Ambuja Cements.

IRFC: ₹1,000 Crore Loan Disbursement

Indian Railway Finance Corporation has given approval for a ₹1,000 crore term loan that has already been disbursed to Maharashtra State Power Generation Company. The move follows IRFC's approval of a ₹12,842 crore loan to Hindustan Urvarak & Rasayan.

On the whole, these are some of the developments that will trigger stock-specific action on Monday’s market session.