Stocks in Focus: Key Developments Across Sectors

City Union Bank has further extended its branch network by increasing the number to 848, adding three branches in Tamil Nadu, and eyeing a growth of 15-16% in FY26, with 1-2% of that expansion coming through retail lending. Navin Fluorine commercialized its manufacturing unit for HFC, selling its first commercial batch after the Rs 84 crore capacity buildup investment. Syngene International has purchased a US biologics plant for $50 million, augmenting its capabilities in large molecules, with operations commencing towards the end of 2025. IIFL Finance intends to raise Rs 10,000 crore via NCDs on private placement. NLC India acquired a 200 MW wind project, taking its renewable energy capacity to 301 MW, with a target of 10 GW by 2030. Sharda Cropchem recorded a 5.96% stock rise on March 6, beating its sector with a three-day total return of 14.1%.

Sources: Economic Times, Reuters, MarketsMojo