Thursday, October 4, 2018

Top Stocks in focus: Cadila, Titan, Bhushan Steel

Titan said its growth in jewelry business picked up in 2QFY19 on new collections.

Cadila said that its biologics manufacturing facility, i.e., Zydus Biologics located at Zydus Biotech Park in Ahmedabad has received an EIR from the USFDA.

Oil marketing companies will be in focus as Center cuts excise duty on petrol and diesel.

Lupin has launched Potassium Chloride oral solution in 20mEq/15Ml and 40mEq/15ml strengths.

Bhushan Steel’s output in Q2FY19 stood at 1.05mn tonne vs. 0.85mn tonne and sales at 1.14mn tonne vs. 1.03mn tonne on yoy.

Dilip Buildcon has bagged an order worth Rs601cr for a dam project in Rajasthan from Water Resource Department of Kota.

JaiPrakash Power informed exchanges that ICICI Bank has filed an application initiating corporate insolvency process against the company.

Dixon Technologies started manufacturing of Mi LED TVs for Xiaomi in its Andhra Pradesh facility.

IDBI Bank board approves preferential issue of upto 51% to LIC.

Jet Airways receives Rs258cr from JetPrivilege for advance ticket sale, as per a media report.

Sical Logistics has signed a pact with Giri Vidhyuth to issue and allot 29,18,570 equity shares on a preferential allotment basis to Vidhyuth, at a price of Rs195 a share aggregating to 56.91cr.

Bharat Gears’ board meeting is scheduled to be held on October 9 to consider the rights issue of equity shares to the existing shareholders.

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