Buzzing Stocks: SAIL, SBI, India Cements and other stocks in news today
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Mirae Asset, With Rs 700 Billion In AUM, Raises Stake In Banks: ICICI, HDFC Bank Among Top 10 Holdings
In a period of pandemic-driven volatility, the AMC’s top stock holdings include companies like HDFC Bank, ICICI Bank, Infosys, RIL, Axis Bank, TCS, Maruti Suzuki, and Dr Reddy’s Laboratories; firm…
BSE Power index added 1.5 percent led by the Adani Transmission, Adani Green, Adani Power
Dr. Reddy’s launches Icosapent Ethyl Capsules in US market
Dr. Reddy’s Laboratories today announced the launch of Icosapent Ethyl Capsules, 1 gram approved by the US Food and Drug Administration (USFDA), as per the company’s press release.
Dr Reddy’s Laboratories was quoting at Rs 5,259, down Rs 20.60, or 0.39 percent on the BSE.
Indian rupee opened marginally lower at 74.16 per dollar on Tuesday against previous close of 74.10, amid buying seen in the domestic equity market.
On June 21, Indian rupee ended lower by 24 paise at 74.10 per dollar versus Friday’s close of 73.86.
Market at 10 AMBenchmark indices holding on the early gains with Sensex crossing 53,000 and Nifty trading near the record high level.The Sensex was up 372.05 points or 0.71% at 52946.51, and the Nifty was up 118.30 points or 0.75% at 15864.80. About 2095 shares have advanced, 548 shares declined, and 85 shares are unchanged.Top gainers were Maruti Suzuki, Adani Ports, UPL, Tata Motors and Shree Cements, while losers included Cipla, Nestle, Dr Reddy’s Labs, HDFC Life and Bajaj Finance.
Shilpa Medicare launches oral thin films of Paracetamol:
Shilpa Medicare announced another first time in the world Oral Thin Film formulation, a pediatric dose Paracetamol Oral Thin Film, under the Brand name Molshil, company said in its release.
Company received approval for Molshil Oral Thin Films after sufficiently complying bioequivalence requirements. Its Paracetamol Oral Thin Films are patent protected and are first of this kind in the world, it added.
Shilpa Medicare was quoting at Rs 543.15, up Rs 5.80, or 1.08 percent on the BSE.
Indian Bank launches QIP of Rs 4,000 crore
Indian Bank share price rose 2 percent after the state-owned bank launched its qualified institutional placement (QIP) of shares to raise around Rs 4,000 crore. The floor price for the QIP has been set at Rs 142.15 per share.
The committee of directors in its meeting held on June 21 approved and authorised the opening of the QIP on June 21, Indian Bank said in a regulatory filing.
Nifty Auto index rose 1 percent supported by the Maruti Suzuki, Ashok Leyland, Bharat Forge
Info Edge share price over 1 percent slipped in early trade on June 22 a day after the company posted its March quarter earnings.
The company has posted a 60.3 percent jump in its Q4 net profit at Rs 66.7 crore versus Rs 41.6 crore in the year-ago. Revenue was down 10.2 percent to Rs 290 crore versus 322.8 in Q4 FY20.
Earnings before interest, tax, depreciation and amortization (EBITDA) was down 44.9 percent to Rs 53.1 crore and EBITDA margin was down at 18.3 percent from the year-ago quarter. Also Read
Bharti Airtel, Tata Group announce strategic partnership:
Bharti Airtel and Tata Group announced a strategic partnership for implementing 5G networks solutions for India, as per the press release.
Tata Group has developed a ‘state of the art’ O-RAN based Radio & NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting Jan 2022.
Tata Consultancy Services (TCS) brings its global system integration expertise and helps align the end-to-end solution to both 3GPP and O-RAN standards, as the network and equipment are increasingly embedded into software.
Airtel will pilot and deploy this indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the Government of India.
Bharti Airtel was quoting at Rs 542.40, up Rs 2.90, or 0.54 percent and Tata Consultancy Services was quoting at Rs 3,312.35, up Rs 39.90, or 1.22 percent.