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Sadbhav Infrastructure Project Limited (SIPL), subsidiary of Sadbhav Engineering, has entered into a definitive agreement with IndInfravitTrust for sale of the entire shareholding of SIPL in nine operational road projects.

The company’s order book as on FY19 was at Rs. 7,407 crore which translates to a book-to-bill of 3.3x on FY19 revenue giving strong revenue visibility for the next 3-4 years.

Following stocks are close to their 52-weeks low as at 12:58 p.m. on July 02, 2019.

The markets on July 02, 2019 opened down. BSE Sensex is trading at 39,593.05, down by 93.45 points and the Nifty is trading at 11,833.45, down by 32.15 points. 

Alembic Pharmaceuticals Limited has received USFDA approval for its Abbreviated New Drug Application (ANDA) Febuxostat Tablets, 40 mg and 80 mg.

The Organization of Petroleum Exporting Countries (OPEC) will hold a meeting on Tuesday, July 2 with its allies and Russia to decide on a production cut. Market participants are expecting that OPEC will decide to extend the oil production cut for another nine months period.

Overall volumes in futures & options currently stand at 83,76,552 contracts with a turnover of Rs.5,91,774.05 crore.

The rating company's board has placed ICRA's Managing Director and Chief Executive Officer Naresh Takkar under forced leave with immediate effect. The stock reacted strongly to the development and slipped by more than 5 per cent in the morning session on Tuesday.

Overall volumes in futures & options currently stand at 83,76,552 contracts with a turnover of Rs.5,91,774.05 crore.