On Friday, Mahindra & Mahindra announced that its subsidiary, Mahindra Telephonics Integrated Systems (a JV between Mahindra Defence Systems Limited & US-based Telephonics Corporation) signed a contract with the Indian Ministry of Defence for the procurement of 11 airport surveillance radars (ARS).  

The global pharma major, Lupin Limited announced today that it has launched the authorised generic version of Brovana inhalation solution (Arformoterol Tartrate) of Sunovion Pharmaceuticals in the strengths of 15 mcg/2ml unit dose vials.   

The key market and economic news that impacted financial markets during the week.

RailTel Corporation of India Ltd has secured an order worth Rs 119.72 crore from Bharat Coking Coal Limited (BCCL).

Glenmark Pharmaceuticals Ltd, a leading pharmaceutical company, announced today that it has received USFDA approval for Theophylline extended-release (ER) tablets of strengths 300 mg & 450 mg. 

On Friday, the domestic markets remained volatile as Sensex erased morning gains to slide into the negative territory, trading at 51,976.11 levels, down by 0.6 per cent. Even then, some buzzing stocks locked in at their respective upper circuits, defying the subdued market sentiments.

During Friday’s trading session, the stock of Angel Broking Ltd has hit the upper circuit of 5 per cent and made a new 52-week high of Rs 834 per share. In the last one month, the stock of the company has risen by 95 per cent.

BSE StAR MF, India's largest and leading Mutual Funds Distributor platform has signed a Memorandum of Understanding (MoU) with Godavari Urban Multi State Credit Co-Op Society Ltd., Nanded (GUMCCSL) to deepen its network of over 70,000 registered distributors.

Inflame appliances has a unique business model where it has started manufacturing for other brands and therefore has been competing directly with Chinese suppliers. There is huge untapped opportunity in this space.  
 

During Friday’s trading session, the stock of Tide Water Oil Company (India) Ltd jumped almost 5 per cent and made an intraday high of Rs 12,670 per share. In the last nine days, the stock of the company has risen by 129 per cent.