Tracked stocks: Asian Paint, Grasim, Lupine, Paras Defense, Moil, Other scripts will focus on July 2
Stocks in the news, share market news: Domestic stock benchmarks Nifty 50 and Sensex rose on Tuesday as sales pressure on financial services purchased, and its stock sales force. Here are some stocks to follow on Wednesday, July 2 when market participants’ next trade fair on Dalal Street.
Nazara Technology
Public offers from Protuus Fortune, Axana Estates and Junomoneta Finsol will be 26% at Nazara Tech at Rs 990 per share, and is scheduled to end on Wednesday.
Lloyd Metals and Energy
The company reported a 3.0% increase in production of direct reduction iron (DRI), with the company’s output increasing by 79,033 tons in the quarter ended June 30.
NMDC
The company’s iron ore production increased by 6.0% to 3.57 million tons in June.
In the first quarter, its iron ore production rose 30% to 11.99 million tons.
South India Bank
Overall progress reported by private sector lenders increased by 8%, with deposits rising by 9% in the June quarter.
During this period, its CASA deposits have grown by 9% to Rs 3,622 crore.
Asian paint
Fair trade regulator CCI passed Prima Facie Order for Asian paints by suspected abuse of its market position in the decorative paint sector.
The development comes after a complaint by Grasim about Asian paints that alleged that Asian paints have denied dealers to stock Birla Opus products. Grasim recently entered the domestic paint market under its Birla Opus brand.
Asian Paint has decided to review the order and conduct proper legal recourse and cooperate fully with investigators.
Lube
The drug manufacturer has been approved by U.S. regulators to abbreviate the New Drug Application (ANDA).
The drug is used to treat postoperative eye pain and inflammation, with an estimated annual sales in the United States of America of Rs 248 crore.
AstraZeneca
The company has obtained CDSCO approval to import Durvalumab solutions to India.
Moore
Miniratna CPSE has increased manganese ore prices by 2%.
However, it keeps the price of silane grade ore unchanged.
Pallas Defense
The company has received an order of Rs 2.2 crore from Cerbair in France.
The transaction involves the supply of 30 Chimera 200 anti-UAS systems
nibe
The company has filled Rs 226 crore orders from a defence and infrastructure company to provide turret structural components.
Dreamfolks Services
The company has ended some plans with private sector lenders Axis Bank and ICICI Bank.
The company is evaluating the impact of the outage as part of its regular business operations.
It says the contract with the lender will remain active.
