Stocks to Watch: Aurobindo Pharma, RIL, Ruchi Soya, Tata Power, PowerGrid

Shares of drugmaker Aurobindo will be in focus as the company has acquired the domestic formulation business of Veritaz Healthcare on a slump sale basis at Rs 171 crore.

The markets are likely to start on a positive note on Tuesday as crude prices slumped 8 per cent overnight due to lockdowns in Shanghai and likley ease in demand from China. The SGX Nifty futures were quoting at 17,430 levels at 7:45 am, hinting at a gap-up open of around 100 points for the Nifty50. 

Meanwhile, these are the stocks to watch out for in trade today: 

Aurobindo Pharma: Hyderabad based drugmaker Aurobindo has acquired the domestic formulation business of another Hyderabad based firm Veritaz Healthcare on a slump sale basis at Rs 171 crore.