Indian equity benchmarks opened on a tentative note, in line with global peers. Banks and pharmaceutical companies gained, while software makers declined.
Here are some of the stocks that are on the move today.
PNB: Unit Files IPO Papers
Shares of Punjab National Bank rose as much as 4.4 percent to Rs 119 after its housing finance unit filed draft papers for a Rs 2,500 crore intial public offering. Read more about the IPO here.
Mumbai Metro Order Boost
Construction firms ITD Cementation, L&T, J Kumar, and HCC have gained between 6 percent and 12 percent after bagging orders for the Mumbai Metro project.
Claris Lifesciences: Drug Approval
Shares of Claris Lifesciences rose 13 percent to a 11-month high, after the company received an abbreviated new drug application approval for a generic drug, Tobramycin.
Kalpataru Power: Rs 1,900 Crore Contract
Kalpataru Power rose as much as 6.7 percent to its highest level since December 23, after the company bagged two orders worth Rs 1,900 crore. Kalpataru is the top performer on the S&P BSE Capital Goods index.
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