DSIJ Mindshare

The shares of Axis Bank sank more than 2 per cent from the day’s high of Rs. 806.65 during Thursday’s trading session. This could be because the bank is mulling over raising funds to the tune of at least US$1.3 billion by means of a share sale to institutional investors.

Lupin Limited (Lupin) on Thursday announced that it has received tentative approval from United States Food and Drug Administration (USFDA) for its Mirabegron Extended Release (ER) Tablets, 25 mg and 50 mg.

SpiceJet has launched daily non-stop flights connecting India’s financial capital, Mumbai with Hong Kong. The shares of SpiceJet closed 4 per cent lower after its intraday gain of 1.5 per cent.

The stocks to watch out on June 28 include SpiceJet, SunPharma, BHEL, Prism Johnson and Max India

Sun Pharmaceutical Industries Limited has entered into an exclusive licensing agreement with a subsidiary of Chinese pharma major China Medical System Holdings (CMS) to develop and commercialise Cyclosporine A 0.09 per cent eye drops and Tildrakizumab a medication for psoriasis and psoriatic arthritis in Greater China.