Stocks that are likely to record significant movement on bourses today
Lupin: The company announced that it has received approval for its Droxidopa capsules, 100 mg, 200 mg & 300 mg from United States Food & Drug Administration (USFDA), to market a generic equivalent of Northera capsules, 100 mg, 200 mg & 300 mg of Lundbeck NA Ltd. The product will be manufactured at Lupin’s facility in Nagpur (Maharashtra).
Ashiana Housing: The company informed that the entire 200 units in Phase 2 of ‘Ashiana Aditya’ (Jamshedpur) has been converted into a booking by February 17, 2021. As intimated in its earlier communication dated January 18, 2021, the company launched 200 units in Ashiana Aditya and received 305 ‘expression of interest’.
Inox Leisure: The company announced the launch of Metro INOX at Jawaharlal Nehru Road, Chowringhee, Kolkata.
Torrent Power: Torrent Power emerges as the highest bidder for 51 per cent privatisation of power distribution company in the UT of Dadra & Nagar Haveli along with Daman & Diu.
Adani Ports: The company has incorporated a wholly-owned subsidiary company namely, Aqua Desilting Private Limited.
McNally Bharat Engineering Company: McNally Bharat Engineering Company (lead partner of joint venture) as ‘McNally-Trolex-Kilburn (JV)’ has received an order of Rs 531.00 crore from Northern Coalfields Limited (NCL).
Dr Reddy’s: The company initiates process for emergency use authorisation of Sputnik V.
Aarti Drugs: The company informed that Pinnacle Life Science LLC, a wholly-owned subsidiary of the company, incorporated at International Free Zone Authority (IFZA), Fujairah (UAE) has been closed.
NTPC: Consequent upon successful commissioning, 5 MW last part capacity for 20 MW Auraiya Solar PV Project in UP has been declared on a commercial operation.
Tata Consumer Products: The company has successfully completed the acquisition of 100 per cent of the equity share capital of Kottaram Agro Foods Private Limited. Consequently, Kottaram Agro Foods Pvt Ltd has become a wholly-owned subsidiary of the company.
Karnataka Bank: The bank has reported to RBI that fraud in the credit facilities extended earlier to IL & FS Transportation Networks Ltd with an outstanding balance of Rs 34.16 crore (defaulted entity). The borrowing account was classified as a non-performing asset and has been fully provided for. As such, there is no impact on the financials of the bank, going forward.