Stocks in News
Reliance Industries: The company has invested Rs 1,00,000 in cash in 10,000 equity shares of Rs 10 each of 'Reliance New Energy Solar' (RNESL), a newly incorporated wholly owned subsidiary. RNESL is incorporated to undertake activities relating to solar energy. RNESL is yet to commence its business operations.
ISMT: The company reported consolidated loss of Rs 112.2 crore in Q4FY21 against loss of Rs 79.11 crore in Q4FY20, revenue rose to Rs 459 crore from Rs 276.24 crore YoY.
LIC Housing Finance: ICICI Prudential Asset Management Company Ltd sold 1,94,291 equity shares (0.04% stake) in LIC Housing Finance, reducing shareholding to 3.01% from 3.05%.
Shilpa Medicare: The company approved the transfer of API business consisting of Unit-1 and Unit-2 situated at Raichur, Karnataka by way of slump sale to a wholly owned subsidiary of the company.
FDC: The company launched India's first oral suspension of Favipiravir – Favenza oral suspension, used to treat mild to moderate cases of Covid-19.
Sunteck Realty: The company's pre-sales grew by 74% YoY in Q1FY22 to Rs 176 crore, and collections grew by 165% YoY in Q1FY22 to Rs 172 crore.
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