Dr. Reddy’s Lab gains on entering into definitive agreement with Glenmark Pharmaceuticals

Dr. Reddys Laboratories is currently trading at Rs. 4839.65, up by 10.05 points or 0.21% from its previous closing of Rs. 4829.60 on the BSE.

The scrip opened at Rs. 4861.15 and has touched a high and low of Rs. 4868.00 and Rs. 4820.05 respectively. So far 6001 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5514.65 on 21-Sep-2020 and a 52 week low of Rs. 2497.60 on 19-Mar-2020. 

Last one week high and low of the scrip stood at Rs. 5018.70 and Rs. 4673.90 respectively. The current market cap of the company is Rs. 80309.00 crore.

The promoters holding in the company stood at 26.74%, while Institutions and Non-Institutions held 43.50% and 15.66% respectively.

Dr. Reddy’s Laboratories has entered into a definitive agreement with Glenmark Pharmaceuticals to acquire, subject to completion of certain precedent actions and closing activities, brands Momat Rino (for Russia, Kazakhstan and Uzbekistan), Momat Rino Advance (for Russia), Momat A (for Kazakhstan and Uzbekistan), Glenspray and Glenspray Active (for Ukraine), along-with rights to the trademarks, dossiers and patents for the territories mentioned.

The acquired brands represent two types of products i.e mometasone mono product and combination of mometasone with azelastine, and are indicated for the treatment of Seasonal and Perennial Allergic Rhinitis.

Dr. Reddy's Laboratories is a multinational pharmaceutical company based in Hyderabad, Telangana in India. It manufactures and markets a wide range of pharmaceuticals in India and overseas.

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AU Small Finance Bank moves up on selling 4.46% stakes in Aavas Financiers

AU Small Finance Bank is currently trading at Rs. 885.10, up by 15.90 points or 1.83% from its previous closing of Rs. 869.20 on the BSE.

The scrip opened at Rs. 882.00 and has touched a high and low of Rs. 890.65 and Rs. 879.20 respectively. So far 3174 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1217.70 on 02-Mar-2020 and a 52 week low of Rs. 366.20 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 944.60 and Rs. 865.45 respectively. The current market cap of the company is Rs. 26975.50 crore.

The promoters holding in the company stood at 29.00%, while Institutions and Non-Institutions held 46.14% and 24.86% respectively.

AU Small Finance Bank has sold 35,00,000 equity shares face value of Rs 10 each held in Aavas Financiers (AAVAS) constituting 4.46% of paid up capital of Company. Post aforesaid sale the balance shareholding stands at 3,383 equity shares in AAVAS.

AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.

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Vodafone Idea zooms after selling 11.15% stake in Indus

Vodafone Idea is currently trading at Rs. 9.66, up by 0.39 points or 4.21% from its previous closing of Rs. 9.27 on the BSE.

The scrip opened at Rs. 9.60 and has touched a high and low of Rs. 9.70 and Rs. 9.50 respectively. So far 35704938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.45 on 04-Sep-2020 and a 52 week low of Rs. 2.83 on 18-Feb-2020.

Last one week high and low of the scrip stood at Rs. 10.02 and Rs. 8.79 respectively. The current market cap of the company is Rs. 27787.12 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 7.11% and 20.84% respectively.

Vodafone Idea has sold its 11.15% stake in Indus for a cash consideration of Rs 37.6 billion in accordance with the terms of the agreement and out of the consideration received from Infratel, the Company has made a prepayment of Rs 24 billion which will be adjusted in line with terms of the agreement.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

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L&T surges on bagging order for Construction and Mining Equipment Businesses

Larsen & Toubro is currently trading at Rs. 1106.55, up by 25.30 points or 2.34% from its previous closing of Rs. 1081.25 on the BSE.

The scrip opened at Rs. 1081.00 and has touched a high and low of Rs. 1109.80 and Rs. 1079.35 respectively. So far 123708 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1417.50 on 21-Nov-2019 and a 52 week low of Rs. 661.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1116.00 and Rs. 1038.60 respectively. The current market cap of the company is Rs. 155703.98 crore.

The Institutions holding in the company stood at 53.94%, and Non-Institutions held 46.06%.

Larsen & Toubro (L&T) has bagged biggest order ever for its Construction and Mining Equipment Businesses to supply 46 units of Komatsu Mining Equipment from Tata Steel. The order comprises of 41 units of Komatsu HD785-7 (100 Ton Dump Truck), three units of Komatsu WA900-3E0 (9 Cum Wheel Loader) and two units of Komatsu D275A-5R (410HP Crawler Dozer). The scope includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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Tata Motors gains on aiming widest portfolio of SUV in domestic market

Tata Motors is currently trading at Rs. 140.00, up by 1.10 points or 0.79% from its previous closing of Rs. 138.90 on the BSE.

The scrip opened at Rs. 140.35 and has touched a high and low of Rs. 141.05 and Rs. 139.65 respectively. So far 328289 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 201.80 on 15-Jan-2020 and a 52 week low of Rs. 63.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 142.25 and Rs. 131.10 respectively. The current market cap of the company is Rs. 42905.82 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 29.06% and 18.10% respectively.

Tata Motors is aiming to have the widest portfolio of sports utility vehicles (SUVs) in the domestic market, a move aimed at helping the company muster greater market share in the passenger vehicle segment. The auto major, which currently sells models like Nexon and Harrier in the SUV segment, is also looking to overhaul its entire sales, aftersales and service verticals to enhance the overall buying experience for customers.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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ICICI Bank gains on launching special offering for millennial segment

ICICI Bank is currently trading at Rs. 440.20, up by 1.90 points or 0.43% from its previous closing of Rs. 438.30 on the BSE.

The scrip opened at Rs. 439.95 and has touched a high and low of Rs. 444.40 and Rs. 436.40 respectively. So far 332787 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 552.40 on 30-Dec-2019 and a 52 week low of Rs. 269.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 447.00 and Rs. 407.20 respectively. The current market cap of the company is Rs. 304514.54 crore.

The Institutions and Non-Institutions held 89.80% and 10.20%, stake in the Bank respectively.

ICICI Bank has launched a special offering for the millennial segment, with features like exclusive branches that will host entertainment events. The country is poised for a demographic dividend, which will see millions of youth join the workforce and there are 40 million 'progressive' millennials who will contribute significantly to the economy and banking in the years to come. After extensive research, the bank has launched the mobile-first, personalised and experiential-led banking platform christened 'Mine' for this segment.

ICICI Bank is a leading private sector bank in India.

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Titan Company gains on launching first international Tanishq store in Dubai

Titan Company is currently trading at Rs. 1206.80, up by 6.25 points or 0.52% from its previous closing of Rs. 1200.55 on the BSE.

The scrip opened at Rs. 1201.00 and has touched a high and low of Rs. 1212.90 and Rs. 1194.95 respectively. So far 14427 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1340.60 on 20-Feb-2020 and a 52 week low of Rs. 720.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1212.90 and Rs. 1154.00 respectively. The current market cap of the company is Rs. 106640.87 crore.

The promoters holding in the company stood at 52.90%, while Institutions and Non-Institutions held 29.02% and 17.73% respectively.

Titan Company has launched its first international Tanishq store in Dubai as part of expanding regions outside India. With the commencement of company’s operations in Dubai, it sees the brand being accessible to international customers and NRI communities. The brand also has launched an exclusive website for Dubai showcasing its collections.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts

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