Top stocks to watch— Dr Reddy's Laboratories, HDFC Bank, TVS Motor, Vedanta, IRCTC, L&T, Bharat Forge, HAL, and more

• At 8:00 am, the SGX Nifty was trading 0.07% higher, higher pointing towards a cautious start for Nifty50.
• Here’s a list of stocks to watch for in trade today.
• Check out the latest news and updates on Business Insider.

Indian stock market is likely to open on a tepid note, tracking subdued cues from global markets. At 8:00 am, the SGX Nifty was trading 0.07% higher, pointing towards a cautious start for Nifty50.

On Thursday, the US stocks finished lower as the tech shares struggled, weighing on the market. The Dow Jones Industrial Average closed 0.47% lower, and the S&P 500 fell 28.48 points, towards the close.

Here’s a list of stocks to watch for in trade on September 18:

Dr Reddy's Laboratories

Dr Reddy's Laboratories said it had settled litigation with a unit of Bristol Myers Squibb related to patents for Revlimid (lenalidomide) capsules, used to treat various kinds of cancer.

"We are pleased with the settlement agreement, and look forward to bringing a generic version of lenalidomide to market soon subject to regulatory approval for the benefit of patients," Dr Reddy's Laboratories North America Generics CEO Marc Kikuchi said.

The share price of Dr Reddy's Laboratories closed 4.26% higher yesterday.

TVS Motor Company

One of India's largest automakers, TVS Motor, has entered into a new distribution partnership in Colombia.

The company has tied up with Autotecnica Colombiana SAS (Auteco SAS), a leading motorcycle assembler in Colombia. Autotecnica Colombiana SAS will operate 50 dealerships exclusive for the company and create dedicated space for the brand in over 600 retail outlets, it added.

The share price of TVS Motor closed a percent lower on Thursday.

Vedanta

Vedanta Resources has approached the market regulator SEBI for necessary approvals to start the reverse book building process. The company, earlier in May, announced its plans to delist Vedanta from the Indian stock exchanges by buying out non-promoter shareholding.

The share price of Vedanta closed a percent higher on Thursday.

IRCTC

IRCTC, the company that operates Indian Railways, is planning to levy ‘affordable’ user charges in 700-1,050 stations across the country. It will help build more revenue while providing better facilities and redevelop stations for passengers.

The share price of IRCTC closed a percent higher on Thursday.

Hindalco and Hindustan Copper

Hindalco said that it has entered into a pact with Hindustan Copper for the long-term purchase and sale of copper concentrate produced by the PSU.

Under this MoU, around 60% copper content of Hindustan Copper's current concentrate production will be utilised by Hindalco in the manufacture of refined copper.

The share price of Hindalco closed 4% lower on Thursday, whereas Hindustan Copper gained 3% during the closing bells.

Bharat Forge, Larsen & Toubro, Hindustan Aeronautics Limited, and other defence stocks

Defence stocks, including Bharat Forge, Larsen & Toubro, and Hindustan Aeronautics Limited, will be in focus during the trade today since India has permitted foreign direct investment (FDI) of up to 74% under automatic route in the defence sector.

The share price of Bharat Forge, Larsen & Toubro, Hindustan Aeronautics, all were trading in red yesterday.

Vodafone Idea

The telecom giant Vodafone Idea has told the telecom regulator that it is dropping the contentious faster data speed claim as part of priority offering and is in the process of filing a revised plan, according to media reports.

The share price of Vodafone Idea closed 2.17% lower on Thursday.

Sterling and Wilson Solar

Sterling and Wilson Solar said that the company had won a 106.71 MW solar project in Chile, it's fifth in Latin America, worth $62.6 million (about ₹462 crore).

"Sterling and Wilson Solar has signed an order of 106.71 MW worth USD 62.6 million in Chile. The order has been received from a global independent power producer (IPP), work for which is expected to begin in Q4 FY 2021," the company said in a statement.

The share price of Sterling and Wilson Solar closed 5% lower yesterday.

HDFC Bank

A US-based law firm has filed a class-action suit against HDFC Bank, claiming damages for the losses incurred by investors because of "materially false and misleading" representations made by the bank.

The share price of HDFC Bank closed a percent lower yesterday.

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