Here are stocks that are in the focus today:
Lupin: USFDA classifies the inspection at the company’s Mandideep (Unit 1) facility as ‘Official Action Indicated’.
Satin Creditcare Network: CARE revised its rating on the company’s commercial paper to A2+ from A1.
Reliance Communications: NCLAT reserves order on RCom plea to release funds.
IOC, ONGC: Facing revenue shortfall, the government pushes companies to pay a 2nd interim dividend – PTI
Bajaj Consumer Care: Company engaged the services of Bain & Company which will help the company in formulating a front-end strategy for growth and also help in implementing it.
Sun Pharma: Subsidiary increased its stake in PJSC Biosintez, Russia to 96.96 percent from 85.10 percent earlier.
Lemon Tree Signed a non-binding term sheet with Berggruen Hotels
GE T&D India: Company received a technology-driven grid modernization project from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPL).
Wipro: Chairman Azim Premji has earmarked another 34 percent of his equity in Wipro worth Rs 52,750 crore towards Azim Premji Foundation.
Unichem Labs: USFDA approved the company’s ANDA for Allopurinol tablets, USP 100 mg and 300 mg.
Essel Propack: Company redeemed commercial papers amounting to Rs 50 crore and Rs 35 crore.
Star Cement received Rs 115.18cr owards its Freight Subsidy claims from the Central Government and a further amount of Rs 42.55 cr s expected to be received within a week’s time
Deep Industries: Company received 2 orders from ONGC in the rigs segment valued at around Rs 183.50 crore.
Sicagen India: Company made an additional investment to the extent of SGD 1 million in subsidiary Wilson Cable Private Limited, Singapore.
HCL Technologies: Company to acquire Strong-Bridge Envision (SBE), a digital transformation consulting firm with offices in Seattle, Denver, Atlanta, and New York City.
IOC: Company has fixed March 28 as the record date for payment of 2nd interim dividend, if declared, at the board meeting scheduled on March 19.
Jet Airways: Additional five aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements.
DCM Shriram: Company commissioned its 30 MW power plant at DSCL Sugar Hariawan Unit.
SRS: Company appointed Vikash Sharma as CFO.
SpiceJet will seek compensation from Boeing and demand credit on maintenance, repair, and overhaul for the 12 grounded 737 MAX aircraft. The airline, which had an aggressive expansion plan that banked on the delivery of the Boeing 737 Max, will now look to lease old planes – BS
Reliance halts diluents export to Venezuela, not raised oil buying- Reuters
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
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