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Thursday 29 October 2020

Stocks To Watch

Cipla: Announced commercialisation of the antibody detection kits for Covid-19 in India, in partnership with KARWA Ltd. Cipla will market and distribute the testing kit that will be manufactured by KARWA Ltd.


Ajanta Pharma: To consider share buyback on November 3.


HUDCO: Achieved loan sanctions worth Rs 2,628.2 crore and loan releases worth Rs 3,411.8 crore as on September 30, 2020.


NTPC: Enters into foreign currency loan agreement worth Rs 3,582 crore with various financial institutions in Japan. 60% of the amount will be provided by the Japan Bank for International Co-operation, while the balance will be given by a consortium of commercial banks, under the guarantee by JBIC. The loan proceeds will be used to fund capex for fuel gas desulphurisation and renewable energy projects. The agreement has ben signed under the GREEN initiative.


GSK Pharma: Post the global voluntary recall of Zinetac, the company has decided to proceed with the sale of its manufacturing site at Vemgal and has classified the assets as 'held for sale.'


PNB Housing: To get capital infusion worth Rs 600 crore from Punjab National Bank. Also approves fund raising worth Rs 1,800 crore through preferential issue, rights issue.


Max India: Board approved giving corporate guarantee worth Rs 170 crore to Antara Senior Living.


HSIL: Board approves setting up a specialty glass facility to meet the packaging requirements of segments like pharma, including vials, perfumery and other cosmetics along with high-end liquor. The facility will have a capacity of 150 tonnes per day and will be set up at a cost of Rs 220 crore. It will also expand the capacity of its pipes business to 48,000 tonnes per annum from the current 30,000 tonnes per annum at a total cost of Rs 100 crore.


Godrej Industries: Allotted NCDs worth Rs 750 crore.


VA Tech Wabag: Files writ petition in the Delhi High COurt agains the Delhi Jal Board. The DJB has issued a debarment letter, stating that the company cannot participate in Delhi Jal Board tenders for a period of three years. This is with regard to certain non-payment of dues of more than five years and other issues over a contract for operations and maintenance of a sewage treatment plant in Delhi.


ICICI Lombard General Insurance: Future and Options contracts will be available for trading from October 30.


DCB Bank: Reserve Bank of India imposes a penalty of Rs 22 lakh in relation to para-banking activity.


Nifty Earnings Today: Maruti Suzuki, BPCL

Non-Nifty Earnings Today: Aavas Financiers, Aegis Logistics, Apollo Pipes, Bank of Baroda, Canara Bank, Blue Dard, Havells India, InterGlobe Aviation, Laurus Labs, JK Paper, MRPL, Orient Cement, Strides Pharma, Tata Chemicals, TVS Motor, Vodafone Idea, Zensar Technologi 

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