Granules India informed the bourses on Thursday that the company received tentative approval for its Abbreviated New Drug Application (ANDA) from US Food and Drug Administration (USFDA) for Guaifenesin Extended-release tablets, 600 mg and 1,200 mg.

Sunteck Realty Ltd (SRL) announced that the company has received positive response for its ‘Sunteck MaxXWorld’ project located at Naigaon (Maharashtra). As a reaction to this news, the company’s shares increased by nearly two per cent.

PNC Infratech Limited has bagged NHAI project in Uttar Pradesh worth Rs 1,602 crore. The project includes construction of 70-km long four laning of Unnao-Lalganj section of NH 232A in Uttar Pradesh under NHDP IVB to be executed on Hybrid Annuity Model (HAM).

Bharat Heavy Electricals Limited (BHEL) informed that they have signed a Memorandum of Understanding (MoU) with Joint Stock Company (JSC) Rosoboronexport (Russia) at Fifth India Russia Military Industrial Conference held in Lucknow (Uttar Pradesh). Reacting to this, the stock of BHEL is trading in positive numbers today.

Looking at the operational performance on segmental basis, PVC Resin EBIT margin stood at 20.1 per cent vs 16.7 per cent in Q3FY19 and EBIT margin of PVC Pipes & Fittings stood at 7.9 per cent vs 7.4 per cent of Q3FY19.

Recently, the promoters have been marginally increasing their stake in the company. As on June 2019 quarter, the promoters’ holding was at 61.28 per cent which increased to 61.36 per cent in December 2019 ending quarter.

Inflation is a general rise in the price of goods and services over a period of time. Moderate inflation is good for the economy as it helps incentivise the producers of goods to produce and sell more , thereby increasing the goods supply and generates employment. However, high inflation can pose a trouble as it deters consumers from buying.

The shares of Indian Railway Catering and Tourism Corporation (IRCTC) jumped by 12 per cent in the early trading session on Thursday after the company reported a stellar performance for the quarter ended December 2019. This is the second earnings announcement by the company after its listing on Indian bourses since October 2019.

The market opened in the green on February 13, 2020, overall volumes in futures & options currently stand at 1.79 crore contracts with a turnover of Rs. 13,02,740.38 crore.

The order book remained solid with 3.1x TTM revenue while, the total outstanding order book increased by 15 per cent YoY and stood at Rs 6,682 crore as on September 30, 2019. The company expects an order inflow of Rs 1,500 crore in the remaining quarters of FY20, mainly from irrigation and highways.