Top stocks for trade today, March 2: Tata Motors, Hero MotoCorp, Zydus Lifesciences, Aurobindo Pharma, Vedanta and more

Indian stock markets are expected to track a busy news flow on March 2, with developments across pharmaceuticals, infrastructure, auto sales, energy, financial services, and railways. Regulatory approvals, large order wins, rating actions, stake purchases, and geopolitical developments impacting crude oil prices are likely to keep several counters active during the session.

Here is a detailed look at the key stocks in focus today.

Pharma Stocks in Focus

Zydus Lifesciences

Zydus Lifesciences has received final approval from the USFDA for two products — Ivermectin Tablets and Dapsone Tablets. These approvals strengthen the company’s regulated market portfolio and expand its US generics pipeline.

Caplin Point Laboratories

Caplin Point secured final approval from the Saudi Food and Drug Authority (SFDA) for its Abbreviated New Drug Application (ANDA), supporting its expansion in regulated international markets.

Aurobindo Pharma

Aurobindo Pharma stated that its arm Eugia Pharma’s Unit-I was inspected by the USFDA, with four observations reported following the inspection.

Abbott India

Abbott India announced a partnership to commercialise Extensior Semaglutide with Novo Nordisk, expanding its product offerings in the domestic market.

Infrastructure & Engineering Updates

H.G. Infra Engineering

The company has secured a ₹1,582 crore road project from NHAI in Odisha, adding to its order book in the highways segment.

NCC Limited

The Telangana High Court has granted an interim stay on an NHAI debarment order related to the company.

Concord Control Systems

Concord Control Systems won a new order worth ₹53.73 crore from Indian Railways.

Globe Civil Projects

The company has been selected as the lowest bidder (L1) for a residential building project at IIT Delhi Extension Campus.

KSB Limited

KSB announced multiple orders across segments, including solar pumps, refinery exports to Algeria, UAE water pumps, LPG cavern services, and a Chhattisgarh power plant project.

Energy & Metals Sector Developments

Vedanta Limited

Vedanta has been declared the preferred bidder for the Karnapodikonda bauxite block.

GAIL (India) Limited

The company plans to set up a 178.2 MW greenfield wind project in Maharashtra with an investment of ₹1,736 crore over 24 months.

Adani Green Energy

Norway’s $2 trillion wealth fund has removed Adani Green Energy from its portfolio.

Oil prices surged following weekend attacks that raised concerns about disruptions in the Strait of Hormuz, impacting both upstream and downstream oil-related stocks.

Auto Sales Data in Focus

Hyundai Motor India

Hyundai reported auto sales of 66,134 units, compared with estimates of 65,500 units.

Tata Motors

Total commercial vehicle sales stood at 42,940 units against estimates of 42,000 units, while passenger vehicle sales were reported at 63,300 units versus estimates of 64,300 units.

TVS Motor Company

TVS Motor reported total sales of 5.29 lakh units compared with estimates of 5.10 lakh units.

Hero MotoCorp

Hero MotoCorp reported total sales of 5.58 lakh units versus estimates of 5.31 lakh units.

Maruti Suzuki India

Maruti Suzuki reported total sales of 2.13 lakh units compared with estimates of 2.19 lakh units.

Eicher Motors

Royal Enfield sales stood at 1.01 lakh units versus estimates of 1.03 lakh units.

Financial & Banking Sector Updates

Central Bank of India

The bank has entered into a mutual fund distribution agreement with Canara Robeco AMC to offer investment products to customers.

ICICI Bank

The bank approved purchasing up to an additional 2.0% stake in its subsidiary ICICI Prudential Life Insurance Company Limited.

Jio Financial Services

The company has launched an ‘Intelligent Digital Marketplace’.

Niva Bupa Health Insurance

IRDAI has issued a show cause notice to the company. The company stated it is implementing necessary actions as advised.

Railways, Defence & Manufacturing

Genus Power Infrastructures

The company received consent to operate its new Rajasthan moulding plant and has commenced commercial production.

Paras Defence and Space Technologies

Paras Defence has incorporated a wholly owned subsidiary named ‘Paras Semiconductors’.

Quality Power Electrical Equipments

The company secured a ₹34 crore order for HVDC reactors.

Real Estate & Other Corporate Developments

Brigade Enterprises

The company launched ‘Brigade Stellaris’ residential project in Chennai with a gross development value estimated at ₹1,700 crore.

Jubilant FoodWorks

BNP Paribas Financial Markets bought 49.50 lakh shares at ₹519.67 per share.

Indian Railway Catering and Tourism Corporation

BNP Paribas Financial Markets purchased 47.33 lakh shares at ₹569.91 per share.

Jindal Stainless

JSL Overseas Holding Limited, part of the promoter group, acquired 9 lakh shares.

Aviation & Oil Sector Watch

InterGlobe Aviation

IndiGo issued a passenger advisory in view of the situation in Iran.

Oil price volatility remains in focus due to geopolitical tensions that may affect shipping through the Strait of Hormuz, influencing both upstream and downstream energy companies.