Markets should open higher this morning given the positive signals abroad. The SGX Nifty indicates a gap of almost 100 points for the Nifty 50. In the meantime, here are the main stocks to focus on Friday.
Lupine: The pharmaceutical company is recalling 4,113 cartons of generic oral contraceptive tablets in the United States, the world’s largest drug market, over manufacturing issues. According to the latest application report released by the USFDA, the US unit of Lupine is recalling 4,113 boxes of Tydemy.
In another development, the local pharmaceutical company plans to create more than a hundred laboratories and a thousand franchise collection centers with the aim of becoming one of the top five diagnostic chains in the country.
Addiction: Mukesh Ambani’s flagship company, in association with Assets Care & Reconstruction Enterprise Ltd, is among the candidates to take over the bankrupt Indian textile company Sintex Industries Ltd. READ MORE
Maruti: The country’s largest automaker, Maruti Suzuki India (MSI), is currently analyzing customer feedback to determine whether the Jimny brand could be introduced in India as part of its overall plan to strengthen the SUV portfolio. The company currently manufactures three-door Jimny at its factory in Gurugram and exports to markets in the Middle East and Africa. READ MORE
National Bank of India: India’s largest public sector bank raised around Rs 3,974 crore through additional Tier 1 bonds (AT1 bonds). The AT1 bond coupon was set at 7.55%, 17 basis points cheaper compared to the last issue in September 2021.
CGSB: The country’s largest oil and gas producer is seeking a minimum price of $ 3.5 to $ 4 for the natural gas it plans to produce from coal seams in Jharkhand and a field in Tripura. The company complains that the gas price notified by the government is well below cost and that the company is experiencing a loss in the production and sale of natural gas in most of its fields. He says its production cost ranges from $ 4.5 to $ 9 per mmBtu for gas from different sources / fields. READ MORE
Vedanta: The company declared an interim dividend of Rs 13.50 per share.
PowerGrid Corporation of India: The company’s board of directors is scheduled to meet on December 15 to review and approve the division for fiscal 22.
Bank of Maharashtra (BoM): In the face of competition from its financial colleagues, the Bank of Maharashtra (BoM) has reduced rates on personal loans – home and vehicle – by up to 40 basis points, for borrowers with a credit score above 800 le. December 13.
Zydus Cadila: The company has received approval from the USFDA to market generic drug Cariprazine capsules, in strengths of 1.5 mg, 3 mg and 4.5 mg, and 6 mg, which are used in the treatment of schizophrenia .
Minda Industries: The auto component maker said it has entered into a joint venture agreement with FRIWO AG Germany to manufacture and supply various electric vehicle components in the Indian subcontinent with an expected investment of Rs 390 crore over the next six years.
Stocks under F&O ban: Escorts, Indiabulls Housing Finance and Vodafone Idea are the only stocks in the F&O blackout period today.