Overnight Digest: Stocks to look out for on March 25

The stocks that are likely to witness significant movement on the bourses on March 25 are Greenlam Industries, Alkem Laboratories, Cadila Healthcare, Garden Reach Shipbuilders & Engineers and Ramco Cements.

Greenlam Industries: The Board of Directors of the company discussed and approved to increase the manufacturing capacity to an additional 1.6 million laminate sheets per annum.

Alkem Laboratories: The company has been asked by the USFDA to withhold the manufacture of a product and wait for final approval from the drug regulator.

Cadila Healthcare: Zydus receives final approval from the USFDA for Lurasidone Hydrochloride Tablets. Also, Cadila’s Pharmaceutical Technology Centre (PTC) successfully completes USFDA inspection.

Garden Reach Shipbuilders & Engineers: The company has fixed Record Date as March 28, 2019 to determine the shareholders who are entitled to get Interim Dividend for the Financial Year 2018-19.

Ramco Cements: The company has subscribed to the Rights Issue offer of Ramco Industrial and Technology Services Limited and has acquired 45,00,000 shares of Rs. 10 each. The shareholding of Ramco Cements in Ramco Industrial and Technology Services Limited is 94.12 per cent.