27 Dec, Morning Brief

Flat opening expected. Bulls will have to struggle to hold near life highs.

🎯 News & Impact 🎯

🎯 Canara Bank :
The board of the bank decided to raise additional equity capital amounting to Rs90 crore through QIP route.

🎯 Apollo Tyres :
Company recently raised Rs.1,500 crore through a QIP.

🎯 63 Moons Technologies :
Sebi penalised 63 Moons Technologies, formerly known as Financial Technologies, as it failed to seek prior approval for the name change from stock exchanges. 

🎯 Alembic Pharma :
USFDA has granted Orphan-Drug Designation for Tenalisib (RP6530) for it's
Associate Company, Rhizen Pharmaceuticals S.A. (Rhizen).

🎯 Dr. Reddy’s Lab :
Company launched Melphalan Hydrochloride for Injection, a therapeutic equivalent generic version of Alkeran (melphalan hydrochloride) for Injection used in the treatment of certain types of cancer and approved in the US market by the US Food and Drug Administration (USFDA), said a report.

🎯 Sun Pharma :
USFDA has accepted a new drug application (NDA), filed by its wholly owned subsidiary, for OTX-101 (cyclosporine A, ophthalmic solution)

🎯 Pidilite :
Board has approved a share buyback proposal of up to Rs.500 crore.

🎯 IDBI :
IDBI has disengaged Moody’s Investors Services (Moody’s) to rate its bond programmes.

🎯 Punjab & Sind Bank :
The Board of Directors approved raising of equity capital through Public Issue (Follow on Public Offer) / Right Issue / Qualified Institutional Placement(s) / Preferential Issue or any other mode or a combination(s).

🎯 Yes Bank :
Announces the acquisition of more than 5% stake in One Point One Solutions Limited ('OPOSL').

🎯 Prestige Estates :
Company announced the acquisition of 66.66% stake in a Group Company, Prestige Projects Private Limited for Rs. 324 Crore.

🎯 Jindal Steel :
Completes 3 MTPA steelmaking oxygen furnace installation at Angul, Odisha.
Completes Rs 33,000 crore capex program.

🎯 Infy :
Promoters stake post buyback rise to 12.90 % from 12.75 %.

🎯 DLF to consider allotment of compulsorily convertible debentures & warrants to certain promoter group entities on December 29.

Edited by Sharp.
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