Check out the companies which will be in focus during trade today based on recent and latest news developments
Sun TV: With changing scenario in the political
landscape in Tamil Nadu, there are indications, that the company will be
on a positive run. The stock closed at Rs 493.10 and a high of Rs 55.35
or up 12.64% as compared to its previous close at Rs 437.75.
Bharat Forge: The company has completed the
acquisition of US-based Walker Forge Tennessee LLC (WFT) and PMT
Holdings Inc, USA for USD14mn (around Rs950mn).
IL&FS Engineering Services: The company has
emerged as the lowest bidder for rural electrification (RE) and
integrated power development works worth Rs 6.78 bn in West Bengal.
Steel Strips Wheels: Steel Strips Wheels Ltd has
informed BSE about bagging of another repeat Exports order for supply of
Caravan Steel wheels for EU Trailer market.
JMR Infotech: JMR Infotech, a leading technology
solutions and services provider, today announced the winning of Core
Banking managed services deal from Myanma Apex Bank (MAB), one of the
leading banks in Myanmar. The engagement will enable the bank to
efficiently manage its core banking environment.
Goa Carbon: The company's Bilaspur unit is shut down temporarily, however, the company indicated there will be no financial impact.
Canara Bank: The bank informed BSE that the
Sub-Committee of the Board of the Bank, vide orders dated December 02,
2016, permitted the Bank to float an RFP for empanelling the Investment /
Merchant Bankers for diluting the Bank’s stake of 70% in M/s. Canbank
Factors Ltd (Unlisted Company) and of 13.45% in M/s. Can Fin Homes Ltd
(Listed Company).
Rajesh Export Ltd: The company has bagged an export
order worth Rs 786 crore of designer range of gold and diamond studded
jewellery and medallions from UAE.
Tata Power: Tata Power's Strategic Engineering
Division (Tata Power SED) has received an order from, Ministry of
Defence, Govt. of India for the supply of one regiment of Command Post
and Launcher of Pinaka Multi Rocket Launcher System (MRLS) to Indian
Army. The order worth over Rs 200 Cr includes supply of 20 Launchers and
8 command posts. Pinaka Weapon System is one of the first 'Create in
India' products designed & developed by Indian Private Industry in
association with Armament Research and Development Establishment, DRDO.
Mangalore Refinery and Petrochemicals Ltd: MRPL is readying plans to invest Rs 110 billion to raise refining capacity to 25mt instead of the previously planned 21mt.
Dabur: The company indicated that it will experience near term pressures on business due demonetisation
Lupin Ltd: Lupin announced that Lupin Somerset (also
known as Novel Laboratories, Inc.) has received final approval for its
Hydrocodone Bitartrate and Acetaminophen Tablets USP, 5 mg/325 mg, 7.5
mg/325 mg and 10 mg/325 mg from the United States Food and Drug
Administration (FDA) to market a generic equivalent of Allergan Sales
LLC's Norco Tablets 5 mg/325 mg, 7.5 mg/325 mg and 10 mg/325 mg. The
company shall launch the product shortly.
Dr Reddy’s Laboratories Ltd: Dr Reddy's that it has
launched Nystatin and Triamcinolone Acetonide Cream, USP, in the United
States market, approved by the U.S. Food & Drug Administration
(USFDA).
Alembic Pharmaceuticals: The company announced that
the company has received approval from the US Food & Drug
Administration (USFDA) for its Abbreviated New Drug Application (ANDA)
for Zolmitriptan Orally Disintegrating Tablets, 2.5 mg and 5 mg.
SBI: State Bank of India said its saving accounts have swelled up by Rs 1 trn after demonetisation.
Cairn India: The company informed that it will invest
Rs 300 billion in the next three years to produce an additional 0.1 mn
barrels per day of oil and oil equivalent gas, primarily from its
prolific Rajasthan fields.
Strides Shasun: The company has received Establishment
Inspection Report (EIR) from the US health regulator on closure of
inspection of its R&D centre in Chennai.
Adani Enterprises Ltd: The company has reached a
milestone in its bid to build a controversial $ 16 billion coal project
in northern Australia, winning approval for part of a rail link to
service the planned mine.
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