Overnight Digest: Stocks to lookout on June 17
The stocks to keep a watch on June 17 are Mahindra & Mahindra, Biocon, TATA Communications, Aurobindo Pharma and Laurus Labs.
Mahindra & Mahindra Limited (M&M): The company acquired Gamaya SA, an agri-tech company based in Switzerland to support M&M in developing technology solutions for its farm division.
Biocon: Biocon’s facilities in Bengaluru receives Certificate of GMP compliance from EMA for its Biologics Drug Product (DP) as well as Drug Substance (DS) situated at Biocon Park.
TATA Communications: The company is divesting 26 per cent stake in the Singapore Data Centre Business. This step is taken to evolve the business portfolio.
Aurobindo Pharma: USFDA points out data integrity lapses at the company’s finished dosages plant in Bachupally, Telangana.
Laurus Labs: The company’s API facilities Unit 1 & 3 at Visakhapatnam completed the USFDA inspection with two observations.