Tracked stocks: BEL, HAL, Polycab, Radico Khaitan, NTPC, others in the spotlight
Domestic stock benchmarks Under financial, oil and gas sales pressure, stocks on each metal sell a certain amount of equity, and everyone’s stock benchmarks have dropped by about half a percentage point. Sensex gave up 386.5 points to finish with 81,715.6, while Nifty50 lost 112.6 points to 25,056.9, continuing its fourth consecutive trading meeting decline. Here are some stocks that will focus on Thursday’s trading as investors await the next session on Dalar Street:
Polycab block transaction buzz
Zee Business Research said the company will trade for a block of Rs 888 crore, in which the promoters could discount 1.2 million shares at a discount of Rs 7,300, marking a 3.1% discount on the market price.
Glenmark Pharma
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Glenmark Specialty SA, a subsidiary of the drug manufacturer, has signed an exclusive licensing and partnership agreement with Hengrui Pharma for Trastuzumab Rezetecan (SHR-A1811), a cancer treatment medicine.
Defense PSU Inventory BEL and HAL
Sources told Zee Business that HAL and BEL have received a deal of Rs 64 billion from the IAF.
Lube
American drug modulators have temporary approval for Lupin’s universal biktarvy tablets.
Bictegravir, Emtricerabine and Tenofovir alafenamide tablets are common agents for HIV treatment.
Gujarat Pipavav Port
The company has reached a five-year port and storage facility with ONGC in Pipavav recruiting in Gujarat.
Danger
The board of directors of the rating agency has approved the acquisition of 100% in McKinsey Pricemetrix Co through Canadian subsidiary Crisil Canada Inc.
The transaction is estimated to be worth Rs 33.5 crore.
Waaree Energy
The company will invest Rs 3 billion through rights to its subsidiary Waaree Storage Solutions.
Radico Khaitan and Piccadilily Agro
Piccadily Agro won a lawsuit against Radico Khaitan on trademark-related issues.
Radico’s brand name “Kashmyr” was found to be similar to Piccadily’s registered brands “Cashmir” and “Cashmere”.
This temporary order restricts Radico to the manufacture, sale or advertising of wine under “Kashmyr” until final judgment.
Also read: Can you buy, sell or hold Rs 2.5 lakh eye of Rapido Stake Sale?
Magical medicine Biotec
Panacea Biotec Pharma, a subsidiary of the company, has launched 100% non-toxic products for babies.
Birla Corporation
The Telangana government has announced that the company’s subsidiary RCCPL has announced as the preferred bidder for the compound license.
NTPC
PSU’s subsidiary THDC India has announced COD for II (660 MW) under the Khurja STPP (2×660 MW) project, with operations scheduled to begin on September 26.
The total installation and commercial capacity of the NTPC Group has risen to 83,696 MW.
Dalmia Bharat
The Enforcement Bureau has temporarily attached Rs 79.3 crore of land and other assets related to the company’s subsidiary DCBL, which accused Bharathi Cement of certain irregularities in certain investments in CBI case in 2011.
Motilal Oswal Financial Services
The brokerage subsidiary acquired 10,95,890 CCP and 1.643 million shares of Kusumgar for Rs 100 crore.
Camlin Fine Science
The company’s board is scheduled to meet on September 29 to consider equity issuance through fundraising through private shares.
The preferred share swap acquired by Vinpai is also being considered.
Cipla
The drug maker’s board of directors is scheduled to meet on October 30 to review its second quarter results.
Torrent drug
The drug manufacturer’s commercial documents can reach Rs 20 lakh.
