Stocks that will see action today July 11

Dr. Reddy’s Laboratories announced the launch of Fesoterodine Fumarate Extended-Release Tablets, a generic therapeutic equivalent of Toviaz (fesoterodine fumarate) Extended-Release Tablets, to the U.S. market following approval by the U.S. Food and Drug Administration ( USFDA). The Toviaz brand had US sales of approximately $211 million MAT for the past twelve months ending May according to IQVIA. Available in 4mg and 8mg strengths, each bottle contains 30 tablets.

Kotak Mahindra Bank announced that it has acquired the agricultural and healthcare equipment finance portfolio of De Lage Landen Financial Services India Private Limited (DLL India), a subsidiary of De Lage Landen International BV, owned by Rabobank. The operations of DLL India Acquired Portfolio will be transferred to Kotak Mahindra Bank on a planned basis over the next few months. Until the transition, the portfolio will continue to be managed by DLL India.

Hindustan Aeronautics Limited (HAL) and Safran Helicopter Engines have signed an agreement to create a joint venture to develop helicopter engines. The two partners will extend their longstanding partnership by establishing a new aero engine company in India. It will be dedicated to the development, production, sale and support of helicopter engines and one of its main objectives will be to meet the needs of future helicopters of HAL and the Ministry of Defense, including the IMRH (Indian Multi-Role Helicopter) of 13 tons. .

Zydus Life Sciences launched the molecule Sitagliptin in India under the brand names Sitaglyn and Siglyn to fight type 2 diabetes. Sitagliptin is the gold standard in the category of dipeptidyl peptidase 4 (DPP4i) inhibitors with over 62 shares of the world market.

CSK received orders worth ₹500 crore from Nuclear Power Corporation of India Limited for supply of primary coolant pumps and electric motors along with spare parts and accessories for their Kaiga 5 project and 6. The sale/provision of products/services for these orders will be phased in from FY26.

Dilip Buildcon has been declared L1 bidder for an order worth ₹1,400 crore “Gandhisagar-2 Multi-Village Water Supply Scheme” in Madhya Pradesh. The scope of the project is “engineering, procurement, construction, testing, commissioning, trials and operation and maintenance on a turnkey basis for the entire system water supply for ten years.

Lemon Tree Hotels announced its latest signing: Lemon Tree Hotel, Anjuna, Goa. This property is expected to be operational by March 2023 and will be managed by Carnation Hotels Private Limited, a subsidiary and management arm of Lemon Tree Hotels Limited.

Power grid company was declared the successful bidder in a tariff-based tender to establish an interstate transmission system for the “Neemuch SEZ Electricity Evacuation Transmission System” based on the construction , own operation and transfer (BOOT). The project includes the establishment of two 400 kV DIC transmission lines through Rajasthan and Madhya Pradesh, a new 400/220 kV aggregator substation at Neemuch (Madhya Pradesh) and bay expansion works 400kV.

fintech Avenues Infibeam officially unveiled the CCAvenue mobile application with the TapPay solution. CCAvenue TapPay seeks to tap into the ₹2,700 crore POS market in India.

Goa Carbon The Bilaspur unit has resumed its activities. After preliminary warming and the start of raw material feeding, normal production is expected to resume shortly, it said in a notice to the stock exchanges.

WS Industries India Ltd announced that the search procedure was conducted by the Income Tax Department under Section 132 of the Income Tax Act 1961 at its head office in Porur, Chenna as well as at the new temporary office in Egmore, Chennai, between July 6th and July 9th.

Crisil Ratings withdrew its long-term bank credit rating from Bloom Dekor Limited (BDL) following a request from the company and upon receipt of a “certificate of absence of contribution” from the banker. The rating action is in line with CRISIL Ratings policy on the removal of bank loan ratings.

The US Department of Commerce has announced the preliminary results of its first administrative review of the quartz surfaces anti-dumping duty order. The department has determined on a preliminary basis that Pokarna Ltd’s arm Pokarna Engineered Stone Limited did not sell the subject merchandise at less than normal value during the period of review from December 13, 2019 to May 31, 2021. Accordingly, PESL’s anti-dumping duty for the said period has been determined on a preliminary basis at zero percent. These results do not take effect now, but may serve as an indication of the final duty rates the trade is expected to issue in December 2022.

The advice of Burning devices considered and allotted 6,61,000 shares with a par value of ₹10 each at ₹382 per share, totaling ₹25.25 crore on a preferential basis to non-promoters/public.

Results Calendar: 5paisa Capital, Spandana Sphoorty Financial, Mishtann Foods, Nakoda Group of Industries, Sahara One Media & Entertainment and Star Housing Finance

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July 11, 2022

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