The impact of rising bond yields on Equity Valuations

Generic Engineering Construction & Projects Limited has been awarded new work order worth Rs 41.37 crore from its existing reputed client. 

Vivimed Labs Limited informed that the company has received approval for a product from Uzbekistan Government for its PICS & Health Canada-approved site. Both these facilities are situated in Hyderabad. 

In the local economic news, even as the overall consumer inflation for January eased to a 16-month low of 4.09 per cent in January from 4.59 per cent in December, core inflation (a better measure of medium-term inflation), which excludes the effects of volatile food and fuel prices,

Finolex Cables Limited has informed about adding conduit & fittings to its repository. The conduits are manufactured at its state-of-the-art manufacturing facility located in Goa, from specially formulated µPVC to meet the most stringent Indian and international standards.

Lupin Limited’s alliance partner, AET Pharma US Inc (a part of Tiefenbacher Group) has received an approval for its ANDA from United States Food & Drug Administration (USFDA). Post which, Lupin launched Posaconazole delayed-release tablets, 100 mg. 

RPP Infra Projects Limited has bagged new order worth Rs 157.87 crore that includes rehabilitation of irrigation infrastructures in GA main canal from LS 30.430 km to 45.290 km and GA no.4 channel, GA no.5 channel, GA no. 5A rear channel and Neivasal Thenpathy branch channels with feeding tanks in Papanasam & Orathanadu taluks of Thanjavur district.

MEP Infrastructure Developers Limited (MEP) has commenced the tolling operations from February 16, 2021 (8.00 hrs) for the project of collection of user fee for Badarpur Elevated Fee Plaza at 18.700 km and 20.200 km on section from 16.100 km to 20.500 km of NH-2 in the state of Delhi & Haryana. 

The year 2021 has brought cheers to the investors with the benchmark indices breaching new all-time high levels almost every day. The Union Budget 2021 has also been a supporting event thereby, further boosting the investors’ sentiments.