Market may open with a positive note as SGX Nifty is trading up by 32 points. Again market may witness profit booking at higher levels.
🎯 News & Impact 🎯
New Listing Today :
Astron Paper & Board Mill
🎯 Auropharma :
Company received final approval from the US health regulator to manufacture and market its generic version of Fondaparinux Sodium injection used to prevent deep vein thrombosis.
Company arm Aurolife Pharma LLC gets US FDA nod for Lorazepam (0.5-2 mg) tablets (used to treat anxiety disorders, trouble sleeping, active seizures)
Positive for the stock.
🎯 Dr Reddy :
Company gets tentative US FDA nod for Sapropterin Dihydrochloride (100 mg) tablets (used to reduce blood phenylalanine concentrations in patients).
Positive for the stock.
🎯 Alkem :
Company gets US FDA nod for Ezetimibe & Simvastatin (10mg) tablets (a drug combination used to treat dyslipidemia).
Positive for the stock
🎯 Granules :
Company gets US FDA nod for Cetirizine Hydrochloride (10 mg) tablets (used to treat hay fever, allergies, angioedema).
Positive for the stock.
🎯 Auto Sector :
The Lok Sabha today approved a bill to hike cess on luxury vehicles from 15 % to 25 %.
Negative for the sector.
🎯 Rel Infra :
India Ratings upgrades long-term issuer rating to evolving from negative.
🎯 Vedanta :
Company announced the acquisition of a controlling stake in Japanese glass substrate manufacturer AvanStrate Inc from global private equity firm Carlyle Group for $158 million.
🎯 IOB :
IOB is selling Rs 600 crore worth exposure in debt-laden steel firm Bhushan Steel Ltd.
🎯 IL&FS :
Company ties up with J&K Bank to finance Rs.2,000 crore hydropower projects.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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