Biocon Pharma gets US FDA approval for its ANDA for Posaconazole Delayed-Release tablets
This product is indicated for use in the prevention of certain fungal infections in patients with severely weakened immune systems and is available in 100mg strength
This product is indicated for use in the prevention of certain fungal infections in patients with severely weakened immune systems and is available in 100mg strength
🔹 *Eyes 👀 on today*
• RBI Says Auction of India Govt Securities for Feb. 11 Canceled
• India top court to hear Amazon plea on arbitration halt Feb. 8
• India to Refund Taxes to Cairn, Vodafone by March, Official Says
• BSE to consider free share issue at Feb. 8 board meet
• Palm Oil Retreats From Record With Indonesia’s Supply in Focus
• Apollo to Invest $125m in India’s Hero FinCorp
• India Says Benchmark Used to Price Diesel Jumped 33% in 2 Months
• Peripheral Spreads Blow Out; Equity Gains Reverse: Macro Squawk
• India Stocks Plunge on Foreign Selling; Monetary Policy in Focus
• Foreign Investors Sell Net INR51.5B of Indian Equities on Feb. 4
• Global Funds Sell Net 11.6B Rupees of India Stocks Monday: NSE
• Cogent E- Services Seeks India Sebi Approval for IPO
• India seeks comments on Draft International Financial Services Centres Authority Rules
• Brazilian Fertilizer Price Surge Shaken by Geopolitical Tensions
• Castrol India (CSTRL): 4Q Net Income Misses Estimates
• GlaxoSmithKline Pharma (GLXO): 3Q Net Income 1.5B Rupees, Misses Est. 1.64B
• Hindalco (HNDL): Novelis 3Q Net Income rises to $262m from $176m year ago
• Hindustan Zinc (HZ): India Drops Plea Against Hindustan Zinc Probe Ordered by Court
• National Aluminium (NACL): 3Q Net Income 8.31B Rupees Vs. 2.4B Rupees Y/y
• TVS Motor (TVSL): 3Q Net Income 2.88B Rupees, Beats Est. 2.53B
• RBI Says Auction of India Govt Securities for Feb. 11 Canceled
• India top court to hear Amazon plea on arbitration halt Feb. 8
• India to Refund Taxes to Cairn, Vodafone by March, Official Says
• BSE to consider free share issue at Feb. 8 board meet
• Palm Oil Retreats From Record With Indonesia’s Supply in Focus
• Apollo to Invest $125m in India’s Hero FinCorp
• India Says Benchmark Used to Price Diesel Jumped 33% in 2 Months
• Peripheral Spreads Blow Out; Equity Gains Reverse: Macro Squawk
• India Stocks Plunge on Foreign Selling; Monetary Policy in Focus
• Foreign Investors Sell Net INR51.5B of Indian Equities on Feb. 4
• Global Funds Sell Net 11.6B Rupees of India Stocks Monday: NSE
• Cogent E- Services Seeks India Sebi Approval for IPO
• India seeks comments on Draft International Financial Services Centres Authority Rules
• Brazilian Fertilizer Price Surge Shaken by Geopolitical Tensions
• Castrol India (CSTRL): 4Q Net Income Misses Estimates
• GlaxoSmithKline Pharma (GLXO): 3Q Net Income 1.5B Rupees, Misses Est. 1.64B
• Hindalco (HNDL): Novelis 3Q Net Income rises to $262m from $176m year ago
• Hindustan Zinc (HZ): India Drops Plea Against Hindustan Zinc Probe Ordered by Court
• National Aluminium (NACL): 3Q Net Income 8.31B Rupees Vs. 2.4B Rupees Y/y
• TVS Motor (TVSL): 3Q Net Income 2.88B Rupees, Beats Est. 2.53B
*REASON BEHIND Yesterday MARKET FALL*
Ukraine Russia tension
Bonds yields hikes
Crude oil demand increases
Indo China News
May be RBI Rate Hike hint
And
Might be UP election pressure
Ukraine Russia tension
Bonds yields hikes
Crude oil demand increases
Indo China News
May be RBI Rate Hike hint
And
Might be UP election pressure
🇮🇳 *India Daybook*
🔹 *Stocks in News*
*NALCO:* Net profit at Rs 830.6 cr vs Rs 239.7 cr, Revenue at Rs 3,773.2 cr vs Rs 2,378.7 cr YoY (Positive)
*Castrol:* Revenue up 39.9% at Rs 4,192.1 cr Vs Rs 2,996.9 crNet profit up 30.1% at Rs 758.1 cr Vs Rs 582.9 cr (YoY) (Positive)
*TVS Motors:* Net profit at Rs 228.3 crore against poll of Rs272.0 crore, while revenues stood at Rs 5706.0 crore as compared to poll of Rs 5456.0 crore (Positive)
*Biocon* Pharma gets US FDA approval for its ANDA for Posaconazole Delayed-Release tablets (Positive)
*Hero Motocorp:* Hero FinCorp today said it has raised $267 m of growth capital from Apollo Global Management, Hero MotoCorp, and others. (Positive)
*Paisalo Digital:* Net profit at Rs 26 crore against Rs 22.2 crore, revenue rose to Rs 101.4 crore from Rs 86.4 crore YoY (Positive)
*MM Forgings:* Net profit at Rs 29.4 crore against Rs 15.6 crore, while revenue rose to Rs 293.1 crore from Rs 223 crore YoY. (Positive)
*Jindal Stainless:* Net profit at Rs 371.8 crore against Rs 151.6 crore, and revenue climbed to Rs 5,368.4 crore from Rs 3,451.9 crore YoY. (Positive)
*Eros International:* Quant Capital Holdings acquired 10,58,045 equity shares in the company at Rs 25.15 per share on the NSE. (Positive)
*Yes Bank:* Global private equity firm Advent International is conducting due diligence to invest up to $1 billion worth equity capital in Yes Bank. (Positive)
*Tata Power:* Company in advanced talks to raise $600-700 million for its renewable energy biz (Positive)
*BSE:* Company to consider free share issue at Feb. 8 board meet (Positive)
*Hindustan Zinc:* India Drops Plea Against Hindustan Zinc Probe Ordered by Court. (Positive)
*Hindalco:* Novelis 3Q Net Income rises to $262m from $176m year ago. (Positive)
*JM Financials:* Net profit up 4.2% at Rs 260.7 cr Vs Rs 250.1 cr, NII up 10.2% at Rs 668.5 cr Vs Rs 606.6 cr (YoY) (Neutral)
*SH Kelkar: Net profit at Rs 32.4 crore against Rs 35.4 crore, revenue rose to Rs 399.0 crore from Rs 378.0 crore YoY. (Neutral)
*TTK Prestige* invests Rs 20 cr in Ultrafresh Modular Solutions via primary and secondary acquisition of shares (Neutral)
*GlaxoSmithKline:* 3Q Net Income 1.5B Rupees, Misses Est. 1.64B (Neutral)
*Vishwaraj Sugar:* Investor Siddappa Veerappa Hagaragi sold 10.7 lakh shares in the company at Rs 21.55 per share on the NSE. (Negative)
🔹 *Stocks in News*
*NALCO:* Net profit at Rs 830.6 cr vs Rs 239.7 cr, Revenue at Rs 3,773.2 cr vs Rs 2,378.7 cr YoY (Positive)
*Castrol:* Revenue up 39.9% at Rs 4,192.1 cr Vs Rs 2,996.9 crNet profit up 30.1% at Rs 758.1 cr Vs Rs 582.9 cr (YoY) (Positive)
*TVS Motors:* Net profit at Rs 228.3 crore against poll of Rs272.0 crore, while revenues stood at Rs 5706.0 crore as compared to poll of Rs 5456.0 crore (Positive)
*Biocon* Pharma gets US FDA approval for its ANDA for Posaconazole Delayed-Release tablets (Positive)
*Hero Motocorp:* Hero FinCorp today said it has raised $267 m of growth capital from Apollo Global Management, Hero MotoCorp, and others. (Positive)
*Paisalo Digital:* Net profit at Rs 26 crore against Rs 22.2 crore, revenue rose to Rs 101.4 crore from Rs 86.4 crore YoY (Positive)
*MM Forgings:* Net profit at Rs 29.4 crore against Rs 15.6 crore, while revenue rose to Rs 293.1 crore from Rs 223 crore YoY. (Positive)
*Jindal Stainless:* Net profit at Rs 371.8 crore against Rs 151.6 crore, and revenue climbed to Rs 5,368.4 crore from Rs 3,451.9 crore YoY. (Positive)
*Eros International:* Quant Capital Holdings acquired 10,58,045 equity shares in the company at Rs 25.15 per share on the NSE. (Positive)
*Yes Bank:* Global private equity firm Advent International is conducting due diligence to invest up to $1 billion worth equity capital in Yes Bank. (Positive)
*Tata Power:* Company in advanced talks to raise $600-700 million for its renewable energy biz (Positive)
*BSE:* Company to consider free share issue at Feb. 8 board meet (Positive)
*Hindustan Zinc:* India Drops Plea Against Hindustan Zinc Probe Ordered by Court. (Positive)
*Hindalco:* Novelis 3Q Net Income rises to $262m from $176m year ago. (Positive)
*JM Financials:* Net profit up 4.2% at Rs 260.7 cr Vs Rs 250.1 cr, NII up 10.2% at Rs 668.5 cr Vs Rs 606.6 cr (YoY) (Neutral)
*SH Kelkar: Net profit at Rs 32.4 crore against Rs 35.4 crore, revenue rose to Rs 399.0 crore from Rs 378.0 crore YoY. (Neutral)
*TTK Prestige* invests Rs 20 cr in Ultrafresh Modular Solutions via primary and secondary acquisition of shares (Neutral)
*GlaxoSmithKline:* 3Q Net Income 1.5B Rupees, Misses Est. 1.64B (Neutral)
*Vishwaraj Sugar:* Investor Siddappa Veerappa Hagaragi sold 10.7 lakh shares in the company at Rs 21.55 per share on the NSE. (Negative)
Many companies within the Tata Group today in particular are taking a beating:
1. Tata Power - 5.5% down
2. Tata Motors - 2.15% down
3. Tata Chemicals - 2.12% down
4. Tata Consumer - 1% down
5. Tata Metaliks - 1.22% down
6. TCS - 1% down
7. Tata Steel BSL - 1.22% down
8. Tata Steel - Corrected 2% from day high
9. Tata Coffee - Corrected 1.14% from day high
1. Tata Power - 5.5% down
2. Tata Motors - 2.15% down
3. Tata Chemicals - 2.12% down
4. Tata Consumer - 1% down
5. Tata Metaliks - 1.22% down
6. TCS - 1% down
7. Tata Steel BSL - 1.22% down
8. Tata Steel - Corrected 2% from day high
9. Tata Coffee - Corrected 1.14% from day high
Intraday stocks for today
Reliance
BPCL
Asian paints
Axis Bank
Bank of Baroda
SRF Ltd
Pfizer
ICICI lambord
Pertronet
Reliance
BPCL
Asian paints
Axis Bank
Bank of Baroda
SRF Ltd
Pfizer
ICICI lambord
Pertronet
STOCKS in ACTION 9 Feb
🙂Mayur Uniquoters: has approved buyback of 6,25,000 fully paid up equity shares for Rs 650 per share
🙂Goldiam International declares First Interim Dividend & approves stock split
🙂Bharti Airtel: has approved issuance of debentures, bonds etc. up to Rs 7,500 crore in one or more tranches.
🙂Lupin receives approval from U.S. FDA for Arformoterol Tartrate Inhalation Solution 15 mcg (base)/2 ml
🙂BSL increases capacity of expansion project
🙂Om Infra receives LOA from Government of Uttar Pradesh for rural water supply project
🙂Thermax: has agreed to make an investment in Exactspace Technologies for Rs 9,99,84,208 by subscribing to 1,921 Cumulative Convertible Preference Shares. It will hold o 15.17% stake in Exactspace Technologies.
🙂Krsnaa Diagnostics Ltd wins tender for providing CT Scan Services in the 8 District Hospitals in Uttar Pradesh
🙂HFCL signs Ingram Micro India as a Distributor for its 'IO' line of Products
🙂SJVN targeting to develop 10,000 MW Solar Power Projectsin next five years in the state of Rajasthan
🙂Torrent Power: has received a letter of intent from Electricity Department, U.T. Administration of Dadar & Nagar Haveli and Daman & Diu to purchase 51 % shares in Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation.
🙂Exxaro Tiles announces expansion of Manufacturing Facility
🙂Vindhya Telelinks JV receives LoA for new EPC projects
🙂Gensol Engineering Ltd board approves migration of SME platform to mainboard
🙂Vedanta: concluded review of current corporate structure and said that the current structure is optimal. Company won’t undertake any corporate restructure including spin offs
🙂Equitas Small Finance Bank: The company has increased rates for both fixed and recurring deposits
🙂PTL Enterprises has claimed interest of Rs. 36 crore in Kochi Metro Case
🙂Mayur Uniquoters: has approved buyback of 6,25,000 fully paid up equity shares for Rs 650 per share
🙂Goldiam International declares First Interim Dividend & approves stock split
🙂Bharti Airtel: has approved issuance of debentures, bonds etc. up to Rs 7,500 crore in one or more tranches.
🙂Lupin receives approval from U.S. FDA for Arformoterol Tartrate Inhalation Solution 15 mcg (base)/2 ml
🙂BSL increases capacity of expansion project
🙂Om Infra receives LOA from Government of Uttar Pradesh for rural water supply project
🙂Thermax: has agreed to make an investment in Exactspace Technologies for Rs 9,99,84,208 by subscribing to 1,921 Cumulative Convertible Preference Shares. It will hold o 15.17% stake in Exactspace Technologies.
🙂Krsnaa Diagnostics Ltd wins tender for providing CT Scan Services in the 8 District Hospitals in Uttar Pradesh
🙂HFCL signs Ingram Micro India as a Distributor for its 'IO' line of Products
🙂SJVN targeting to develop 10,000 MW Solar Power Projectsin next five years in the state of Rajasthan
🙂Torrent Power: has received a letter of intent from Electricity Department, U.T. Administration of Dadar & Nagar Haveli and Daman & Diu to purchase 51 % shares in Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation.
🙂Exxaro Tiles announces expansion of Manufacturing Facility
🙂Vindhya Telelinks JV receives LoA for new EPC projects
🙂Gensol Engineering Ltd board approves migration of SME platform to mainboard
🙂Vedanta: concluded review of current corporate structure and said that the current structure is optimal. Company won’t undertake any corporate restructure including spin offs
🙂Equitas Small Finance Bank: The company has increased rates for both fixed and recurring deposits
🙂PTL Enterprises has claimed interest of Rs. 36 crore in Kochi Metro Case
Stock To Watch
Tata Steel Long Products: The company accepted the Letter of Award for acquisition of Neelachal Ispat Nigam. It will acquire acquire 93.71% equity stake in Neelachal Ispat Nigam and the acquisition process is likely to be completed within the next couple of months.
NHPC: The company has signed a letter of intent with Rajasthan Renewable Energy Corporation for development of 10,000 MW Renewable Energy Projects/ Parks in Rajasthan.
Nuvoco Vistas: The company will augment cement volumes availability by 2.4 MTPA through key project including upgrading Bhiwani Blending Unit to a Grinding Unit. The company will set up alternate fuel material handling facilities at Risda and Nimbol Cement plants with capex of Rs 50 crore. It will also venture in a Greenfield expansion of 6,000 TPDclinker capacity at Gulbarga in Phase - I with the architecture for higher capacity. The capex for Phase-I of the project is Rs1,500 crore.
Lupin: The company has entered d into a distribution agreement with Medis for its orphan drug NaMuscla (mexiletine). Medis will commercialize NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic disorders in Central and
Eastern European countries.
Dr. Reddy’s: The company announced the launch of its authorized generic version of Par Pharmaceutical’s VASOSTRICT (vasopressin injection, USP) vials in the U.S. market approved by the U.S. Food and Drug Administration.
GTPL Hathway: The company has entered into Share Transfer Agreement for disposing its entire 50% stake (5000 equity shares) of GTPL Riddhi, a joint venture company and has received a consideration of Rs 50,000.
PCBL: The company has approved sub-division of equity share of the company having a face value of Rs. 2 each into one equity share of face value of Re. 1 each and alteration of authorized share capital clause in the Memorandum of Association and Articles of Association of the company.
Gulf Oil Lubricants: The company has approved the proposal to buyback upto 14,16,667 equity shares at a price of Rs 600 per share. Aggregate amount of buyback shall not exceed Rs. 85,00,00,200 and represents 9.8% of the paid-up equity share capital and free reserves.
FDC: The company has approved buyback of 29,00,000 fully paid up equity shares representing 1.72% of the total paid up equity at a price of Rs. 475 per share.
Kirloskar Oil Engines: The company Approved Dividend of Rs 1.5 per Share .
Tata Steel Long Products: The company accepted the Letter of Award for acquisition of Neelachal Ispat Nigam. It will acquire acquire 93.71% equity stake in Neelachal Ispat Nigam and the acquisition process is likely to be completed within the next couple of months.
NHPC: The company has signed a letter of intent with Rajasthan Renewable Energy Corporation for development of 10,000 MW Renewable Energy Projects/ Parks in Rajasthan.
Nuvoco Vistas: The company will augment cement volumes availability by 2.4 MTPA through key project including upgrading Bhiwani Blending Unit to a Grinding Unit. The company will set up alternate fuel material handling facilities at Risda and Nimbol Cement plants with capex of Rs 50 crore. It will also venture in a Greenfield expansion of 6,000 TPDclinker capacity at Gulbarga in Phase - I with the architecture for higher capacity. The capex for Phase-I of the project is Rs1,500 crore.
Lupin: The company has entered d into a distribution agreement with Medis for its orphan drug NaMuscla (mexiletine). Medis will commercialize NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic disorders in Central and
Eastern European countries.
Dr. Reddy’s: The company announced the launch of its authorized generic version of Par Pharmaceutical’s VASOSTRICT (vasopressin injection, USP) vials in the U.S. market approved by the U.S. Food and Drug Administration.
GTPL Hathway: The company has entered into Share Transfer Agreement for disposing its entire 50% stake (5000 equity shares) of GTPL Riddhi, a joint venture company and has received a consideration of Rs 50,000.
PCBL: The company has approved sub-division of equity share of the company having a face value of Rs. 2 each into one equity share of face value of Re. 1 each and alteration of authorized share capital clause in the Memorandum of Association and Articles of Association of the company.
Gulf Oil Lubricants: The company has approved the proposal to buyback upto 14,16,667 equity shares at a price of Rs 600 per share. Aggregate amount of buyback shall not exceed Rs. 85,00,00,200 and represents 9.8% of the paid-up equity share capital and free reserves.
FDC: The company has approved buyback of 29,00,000 fully paid up equity shares representing 1.72% of the total paid up equity at a price of Rs. 475 per share.
Kirloskar Oil Engines: The company Approved Dividend of Rs 1.5 per Share .
STOCKS IN ACTION 10 Feb
🙂PCBL: has approved sub division of equity share of the company having a face value of Rs. 2 each into one equity share of face value of Re. 1 each and alteration of authorized share capital clause in the Memorandum of Association and Articles of Association of the company
🙂Gulf Oil Lubricants: has approved the proposal to buyback upto 14,16,667 equity shares at a price of Rs 600 per share. Aggregate amount of buyback shall not exceed Rs. 85,00,00,200 and represents 9.8% of the paid-up equity share capital and free reserves.
🙂FDC: has approved buyback of 29,00,000 fully paid up equity shares representing 1.72% of the total paid up equity at a price of Rs. 475 per share
🙂Tata Steel Long Products: accepted the Letter of Award for acquisition of Neelachal Ispat Nigam. It will acquire acquire 93.71% equity stake in Neelachal Ispat Nigam and the acquisition process is likely to be completed within the next couple of months
🙂GTPL Hathway: has entered into Share Transfer Agreement for disposing its entire 50% stake (5000 equity shares) of GTPL Riddhi, a joint venture company and has received a consideration of Rs 50,000.
🙂NHPC: has signed a letter of intent with Rajasthan Renewable Energy Corporation for development of 10,000 MW Renewable Energy Projects/ Parks in Rajasthan
🙂Dr. Reddy’s: announced the launch of its authorized generic version of Par Pharmaceutical’s VASOSTRICT (vasopressin injection, USP) vials in the U.S. market approved by the U.S. Food and Drug Administration.
🙂Lupin In distribution pact with Medis for orphan drug Namuscla Medis to commercialise Namuscla for treating myotonia
🙂Nuvoco Vistas: will augment cement volumes availability by 2.4 MTPA through key project including upgrading Bhiwani Blending Unit to a Grinding Unit. The company will set up alternate fuel material handling facilities at Risda and Nimbol Cement plants with capex of Rs 50 crore
🙂ICICI Bank makes 'InstaBIZ' interoperable, instantly empowers merchants with digital collection solutions
🙂PCBL: has approved sub division of equity share of the company having a face value of Rs. 2 each into one equity share of face value of Re. 1 each and alteration of authorized share capital clause in the Memorandum of Association and Articles of Association of the company
🙂Gulf Oil Lubricants: has approved the proposal to buyback upto 14,16,667 equity shares at a price of Rs 600 per share. Aggregate amount of buyback shall not exceed Rs. 85,00,00,200 and represents 9.8% of the paid-up equity share capital and free reserves.
🙂FDC: has approved buyback of 29,00,000 fully paid up equity shares representing 1.72% of the total paid up equity at a price of Rs. 475 per share
🙂Tata Steel Long Products: accepted the Letter of Award for acquisition of Neelachal Ispat Nigam. It will acquire acquire 93.71% equity stake in Neelachal Ispat Nigam and the acquisition process is likely to be completed within the next couple of months
🙂GTPL Hathway: has entered into Share Transfer Agreement for disposing its entire 50% stake (5000 equity shares) of GTPL Riddhi, a joint venture company and has received a consideration of Rs 50,000.
🙂NHPC: has signed a letter of intent with Rajasthan Renewable Energy Corporation for development of 10,000 MW Renewable Energy Projects/ Parks in Rajasthan
🙂Dr. Reddy’s: announced the launch of its authorized generic version of Par Pharmaceutical’s VASOSTRICT (vasopressin injection, USP) vials in the U.S. market approved by the U.S. Food and Drug Administration.
🙂Lupin In distribution pact with Medis for orphan drug Namuscla Medis to commercialise Namuscla for treating myotonia
🙂Nuvoco Vistas: will augment cement volumes availability by 2.4 MTPA through key project including upgrading Bhiwani Blending Unit to a Grinding Unit. The company will set up alternate fuel material handling facilities at Risda and Nimbol Cement plants with capex of Rs 50 crore
🙂ICICI Bank makes 'InstaBIZ' interoperable, instantly empowers merchants with digital collection solutions