The stocks that are likely to witness significant movement on the bourses on May 10 are JSW Steel, Excel Crop Care Limited, Maruti Suzuki India, Lupin and IDFC First Bank.

Glenmark Pharmaceuticals announced positive results from a Phase 3 study of Ryaltris, an investigational fixed-dose combination nasal spray for the treatment of seasonal allergic rhinitis(SAR). 

Satin Creditcare Network reported a consolidated net profit of Rs. 201 crore for FY19, registering a growth of 169 per cent YoY as against Rs. 75 crore in FY18 on a consolidated basis. The company reported revenues of Rs. 1,448 crore in FY19, up by 40 per cent YoY.

Indoco Remedies announced that it received approval from the UK-MHRA (Medicines and Healthcare Products Regulatory Agency) for its new solid dosages manufacturing facility in Baddi, Himachal Pradesh (Baddi III unit). The inspection was held from October 16 to 18, 2018.

Wipro announced that the company has partnered with enterprise blockchain software firm R3 and has developed a blockchain-based solution prototype to enable digital currency for inter-bank settlements for a consortium consisting of the Bank of Thailand and eight commercial banks in Thailand.

Marico reported a consolidated net profit of Rs. 213 crore for the quarter ended March 2019 as against a net profit of Rs. 183 crore in the corresponding period last year.

Firstsource Solutions' net profit stood at Rs. 98.24 crore from Rs. 92.8 crore in December 2018, up 5.8 per cent in December 2018. The company’s revenue stood at Rs. 964.2 crore as against Rs. 871.3 crore, up 10.6 per cent YoY.

Morepen Labs reported a steep 125 per cent rise in its net profit at Rs. 9.22 crore from Rs. 4.11 crore in YoY and a 31 per cent rise in its total revenue at Rs. 207.1 crore in the quarter ended March 2019 as against Rs. 158.34 crore.

Sagar Cements has acquired 100 per cent shareholding in Jaipur Cements (JCPL) for setting up a greenfield cement grinding unit of 1.5 million ton capacity in Jaipur at a total cost of Rs. 308.10 crore. The process of setting-up of the said unit is being set in motion and will be completed by March 2021.

Max India is set to enter businesses with adjacencies to current group businesses of life insurance, real estate, senior care and hospitality. The company is in the midst of selling 51 per cent stake in Health Insurance JV Max Bupa, to a leading private equity firm True North which is expected to be completed in the next six months.

Glenmark announced the launch of its patent-protected and globally-researched sodium glucose co-transporter-2 (SGLT2) inhibitor Remogliflozin etabonate in India. The drug is indicated in the treatment of type-2 diabetes mellitus in adults.

Tata Group company Nelco signed a partnership agreement with a communications and IT solutions provider, Speedcast International in Sydney to offer seamless global communications while at sea in Indian waters.

Glenmark Pharma, a research-led, integrated global pharmaceutical company has received approval from the Ministry of Healthcare, Russia to market Momate Rhino ( Mometasone Furoate 50mcg) metered nasal spray as an over-the-counter (OTC) product for the treatment of seasonal and perennial allergic rhinitis in patients above 18 years of age.

The company has received a letter from the USFDA classifying the inspection conducted at its Pithampur (Indore) Unit-2 facility in January 2019 as Official Action Indicated (OAI). The USFDA has stated that this facility may be subject to regulatory or administrative action and it may withhold approval of any pending applications or supplements in which this facility is listed.

Syndicate bank and BEML have signed a memorandum of understanding (MoU) for financing earthmoving and construction equipment manufactured by BEML. Under the MoU, BEML will nominate Syndicate Bank as a preferred financer for financing its customers.

Capacit’e Infraprojects has received two orders aggregating to Rs. 342.38 crore from private sector clients for the construction of commercial and residential buildings at Mumbai.

Alembic Pharma announced that the company has received approval from the USFDA for its Abbreviated New Drug Application (ANDA) Teriflunomide Tablets, 7 mg and 14 mg. The approved ANDA is therapeutically equivalent to the reference listed drug(RLD), Aubagio Tablets, 7 mg and 14 mg, of Sanofi- Aventis. Teriflunomide tablets are indicated for the treatment of patients with relapsing forms of multiple sclerosis.

Adani Enterprises’ wholly-owned subsidiary Adani Defence Systems and Technologies has acquired the control of Alpha Design Technologies. Alpha Design Tech provides Adani Defence and Aerospace a strong Tier I capability for building a base for graduating to platform capabilities.

HCL Technologies (HCL) has become a Google Cloud Platform (GCP) Premier Partner. This will enable enterprises accelerate the adoption of GCP at scale. The partnership further strengthens HCL’s portfolio of cloud services. HCL is also an early adopter of Anthos, Google Cloud’s new open cloud platform, helping its clients build and manage hybrid cloud services and modernise applications with containers and microservices architectures.

Granules announced that the USFDA has approved its ANDA for Acetaminophen 650 mg tablets, extended-release, bioequivalent to the reference listed drug product Tylenol 650 mg tablets, extended-release.

Quess Corp’s subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction will involve Conneqt purchasing 35.35 per cent from the promoters, 26 per cent from First Carlyle Ventures Mauritius thereby acquiring majority control of 61.35 per cent. Conneqt will make an open offer to the public shareholders of Allsec to purchase up to 26 per cent of shareholding.

Strong market conditions pushed the share price of newly listed wires and cable manufacturer Polycab India higher by almost 22 per cent to close at Rs. 654.8 per share on the NSE on debut. This is against an issue price of Rs. 538 per share.

NBCC is set to submit a revised bid by April 25 for the acquisition of debt-ridden Jaypee Infratech. Jaypee Infratech lenders asked NBCC to submit their plan by April 25.

Cipla Technologies, a subsidiary of Cipla and Pulmatrix Inc., a clinical stage biopharmaceutical company focused on developing novel inhaled therapeutics to serve unmet needs in respiratory disease, announced signing a definitive agreement for the co-development and commercialization of Pulmazole.

Prestige Estates Projects through its wholly-owned subsidiary Prestige Retail Ventures has acquired the entire stakes of Babji Realtors making it an indirect wholly-owned subsidiary of Prestige Estates.

 

Security solution and telecom analytics player Subex announced its partnership with Telefonica on a new cybersecurity venture which is focused on IoT security. This collaboration will be realised through a new cybersecurity unit recently launched by Telefonica.

Pharma major Wockhardt has received approval from the United States Food & Drug Administration (USFDA) for an ANDA for 50 mg injection of Decibatine, which is used in the treatment of some forms of cancer. Decibatine injection is a generic version of Dacogen, marketed in the USA and other countries by Otsuka.

Info Edge has invested Rs. 6 crore via its wholly-owned subsidiary in Bizcrum Infotech (ShoeKonnect). The company has acquired 60,00,000 @ 0.01 per cent Compulsorily Convertible Preference Shares having a face value of Rs. 10 each. The aggregate shareholding of the company post this investment would be 29.79 per cent on a fully converted and diluted basis.

Shilpa Medicare has received a tentative approval for its ANDA , Bortezomib for Injection, 3.5mg/vial from the USFDA. Bortezomib for Injection, 3.5mg/vial is a generic equivalent of reference listed drug (RLD), VELCADE used in the treatment of patients with multiple myeloma and Mantle Cell Lymphoma as recommended in the label approved by the FDA.According to IQVIA MAT Q4 2018 data, the US market for Bortezomib for Injection, 3.5mg/vial is approximately US$609 million.

Tata Steel will take possession of Usha Martin’s Jamshedpur steel unit on Tuesday. This is Tata Steel’s second acquisition within a year after its takeover of Bhushan Steel via the NCLT process in April 2018. Tata Sponge will serve as the vehicle for the acquisition of the one million tonne steel business for which it issued preference shares to Tata Steel. The deal was signed in September last year for a consideration of Rs. 4,600 crore.

TVS Motor Company has launched four new products in Bangladesh. The products include premium motorcycle TVS Apache RTR 160 4V single disc, 125cc motorcycle TVS Max 125, 100cc motorcycle TVS Metro special edition and utility vehicle TVS XL100 Heavy Duty-‘i-Touch Start’. These products will target the growing customer demand in each of their respective segments. The company’s new product offerings are designed to cater to the specific requirements of the Bangladesh market.

NIIT Tech announced that funds affiliated with Baring Private Equity Asia (BPEA) have signed definitive agreements to purchase 30 per cent shareholding of NIIT Tech from NIIT and other promoter entities, leading to an open offer at a price of Rs. 1,394 per share.

The stocks that are likely to witness significant movement on the bourses on April 8 are, CMI Ltd, Syngene, Precision Camshafts, Indiabulls Housing Finance, Lakshmi Vilas Bank and Ahluwalia Contracts

The IPO of Metropolis Healthcare received a positive response from QIBs and retail investors on Friday, its last day of subscription.

Reliance Industries’ subsidiary Reliance Jio Digital Services (RJDSL) has entered into a business transfer agreement with Haptik InfoTech, India’s leading conversational Artificial Intelligence (AI) platform. The transaction size is estimated to be Rs. 700 crore with Rs. 230 crore as consideration for the initial business transfer and the balance for growth and expansion. The acquisition will result in Reliance holding 87 per cent of the business and Haptik founders and employees holding the remaining 13 per cent via stock option grants.

Amara Raja was trading down on Wednesday after the company announced that it has terminated an agreement with Galla Family and Johnson Controls (JC).

Bharat Forge stock was under pressure on Wednesday as the company registered a sharp decline in Class 8 truck orders in North America.

Sterlite Technologies announced a collaboration with Telecom Infra Project (TIP) to create an optical transport controller to manage and control Voyager and Cassini platforms developed by TIP members.

The IPO of Rail Vikas Nigam (RVNL) was subscribed 18 per cent on Monday. RVNL operates under the Ministry of Railways.

ICICI Bank expects its mortgage portfolio to exceed Rs. 2 lakh crore by March 2020 on account of robust demand from buyers of affordable homes.

ICICI Prudential Life Insurance company received a positive response from non-retail investors to the offer for sale (OFS) issue by promoters. The offer for sale was subscribed 3.96 times on Tuesday.

Pennar Industries plans to scale up the number of retail outlets for its branded building products. The company's retail stores for building products is called ‘Build360’. The company plans to increase its total store count from 11 to 42 by 2020.

Lupin announced that it has received approval for its Sildenafil Tablets USP, 25mg, 50mg and 100mg from the United States Food and Drug Administration (USFDA) to market a generic version of Pfizer’s viagra tablets

Issues like OPEC’s production cuts and US sanctions on Iran and Venezuela were eclipsed by concerns of an economic slowdown in the US combined with increased inflation expectations. These concerns were a result of bearish statements coming from the Federal Reserve, which led the 10-year treasury yields to touch their lowest levels since early 2018.

Caplin Steriles, a 100 per cent subsidiary of Caplin Point Laboratories has received final approval by the United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Glycopyrrolate injection USP.

Power Finance Corporation (PFC) signed a share purchase agreement for the acquisition of 103.94 crore shares of Rural Electrification Corporation (REC) which constitutes 52.63 per cent of the paid-up share capital from the President of India. The acquisition is set to take place at a cash consideration of Rs. 139.50 per share with the total cost of acquisition coming to Rs. 14,500 crore. REC’s closing price on March 19, 2019, was Rs. 148.40 per share.

State Bank of India (SBI) will auction non-performing assets worth Rs. 6,169 crore to asset reconstruction companies (ARCs), banks and NBFCs between March 22 and 30, 2019

Real estate major DLF Home Developers Limited (DHDL), a wholly-owned subsidiary of DLF announced has entered into a joint venture with Green Horizon Trustee (an affiliate of HINES) for the development of a high-end commercial project in Gurugram.

Food processing firm Prabhat Dairy was locked in 5 per cent upper circuit on Monday despite the fact that the company's promoter entered an additional pledge on 9.23 per cent shareholding on March 13.

Jet Airways has grounded operations at Abu Dhabi Airport since Monday due to operational reasons. Jet Airways has a debt of Rs. 8,200 crore and needs to repay Rs. 1,700 crore by the end of March. The company is servicing its domestic debt but has already defaulted on an ECB payment.

Deep Industries was buzzing in trade on Wednesday on the back of two order wins worth Rs. 183.50 crore from ONGC.

The stocks that are likely to witness significant movement on the bourses on March 14 are Unichem Laboratories, GE T&D India Limited, Wipro, Sterlite Technologies and NHPC.

The Index of Industrial Production (IIP) witnessed a growth of below 2 per cent for the second time in 3 months in January 2019. IIP growth stood at 2.6 per cent in December. Retail inflation saw a trend reversal after 4 months of continuous decline.

Adani Transport, a wholly-owned subsidiary of Adani Enterprises, has received Letter of Awards for 2 hybrid annuity road projects (HAM) from National Highways Authority of India (NHAI) in the state of Telangana.

Standard Life will sell 4.93 per cent stake in HDFC Life Insurance for Rs. 3,570 crore in order to comply with the public shareholding norm. Standard Life is the joint venture partner in HDFC Life Insurance. Standard life holds 29.2 per cent whereas HDFC holds 51.5 per cent.

State-owned infrastructure company, NBCC (India) secured four orders from Raipur SMART City Limited (RSCL). The company will charge project management consultancy fees at the rate of 8 per cent on the actual cost of work as per the terms of the agreement.

DLF plans to raise Rs. 3,000 crore by June by selling equity shares to qualified institutional investors (QIP). DLF is aiming to become a debt-free company. The company had announced plans to issue up to 17.3 crore shares via QIP to raise funds and pre-pay debt.

Government-owned Punjab National Bank has sanctioned loans to over 1,600 MSMEs totalling Rs. 689 crore through its portal psbloansin59minutes.com.

L&T Finance has raised Rs. 2,228.06 crore worth of subscriptions which is 4.45 times the base issue size of Rs. 500 crore. The company announced an early closure of the public issue due to over-subscription of the tranche I issue.

NHPC shares rallied up to 8 per cent as the company received approval for investment in Chenab valley power project from the Cabinet Committee and acquisition of Lanco’s Teesta hydro project.

The stock of ABB India was buzzing in the morning session as investors breathed a sigh of relief from the fact that the company would be carving out its domestic transmission and distribution business into a separate entity. The stock was up 3 per cent.

Ashoka Buildcon in a joint venture with Storytech Services LLC emerged as the lowest bidder (L-1) for the railway project by Rail Vikas Nigam.

Gold made a 5-week low on the back of optimism regarding a possible trade deal between the United States and China, on Monday.

LIC Housing Finance has announced a tie-up with India Mortgage Guarantee Corporation (IMGC) to offer a special loan scheme under which borrowers can repay the amount till the age of 75 years.

The current government is expected to increase infrastructure spending this year in view of the general election which in-turn is expected to take diesel consumption to record highs

Ramco Systems commenced a 7-year deal with JP Logistics by installing its end-to-end cloud logistics software at its warehouses. Reacting to the development, the stock was buzzing on the bourses on Thursday. 

Wipro has agreed to divest its Workday and Cornerstone OnDemand business to Alight for a cash consideration of US$110 million. Wipro will receive US$100 million of payout with a closure of the deal and the balance US$10 million after 1 year based on various performance parameters. 

Saudi Arabia’s Energy Minister Khalid al-Falih indicated that he is in favour of extending oil production cuts in the second half of 2019. This is despite US President Donald Trump demanding that oil prices be kept low.

India’s second-largest airline carrier Jet Airways informed the bourses on Wednesday that they have grounded an additional seven aircraft. The company had to land 13 aircraft this month due to non- payment of lease rentals to lessors.

The foreign direct investment (FDI) flows have seen a substantial drop and may record a full year decline for the first time since the Narendra Modi-led NDA took office in 2014.

Aurionpro Solutions’ subsidiaries in Singapore and Thailand have bagged two prestigious projects each in the banking and fintech space. The order wins pertain to the company’s transaction banking product called iCashpro+.

Chinese telecom gear maker Huawei expects India to become the second largest 5G market in the next 10 years. Huawei has partnered with Vodafone Idea and Bharti Airtel for 5G trials.

ADAG group company Reliance Capital intends to exit the mutual fund space by selling its 42.88 per cent stake to its JV partner Nippon Life Insurance company in order to reduce their debt.

Sical Logistics reported a consolidated net profit of Rs. 4.7 crore with an EPS of Rs. 0.90 per share for the quarter ended December 2018 as against Rs. 6.06 crore with an EPS of Rs. 1.04 per share in the corresponding quarter last year. 

Supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) have driven crude oil prices higher in 2019.

Pharma major Dr. Reddy’s Labs won a legal battle against Indivior, a British drugmaker, in the US as the US Chief Justice allowed the company to resume selling the generic version of Suboxone Film which is Indiviors' opioid addiction treatment drug.

The Tata Group company has claimed that this is the first branded product in the homestay market in the country. The brand will operate under two sub-brands namely Ama Plantation Trails and Ama Fine Homestays.

Steel behemoth Tata Steel has informed the bourses that it has completely divested its stake in indirect subsidiary Black Ginger 461 Pty Ltd (Black Ginger). TS Global Minerals Holding Pte Ltd, an indirect subsidiary of Tata Steel and IMR Asia Holding Pte Ltd had entered into a pact to divest its entire stake in Black Ginger. Black Ginger has a stake in an iron ore mine located in South Africa. 

The government of India is all set to receive Rs. 28,000 crore as interim dividend from Reserve Bank of India (RBI) for the period July to December 2018.
The Reserve Bank of India which held its meeting on February 2018 made the decision after a limited audit review and applying the Economic Capital Framework

India’s number one micro-irrigation company reported a consolidated PAT of Rs. 91.5 crore for Q3FY19 as against Rs. 67.3 crore in the corresponding quarter last year. Whereas standalone PAT came in at Rs. 63 crore, down 2.62 per cent as against Q3FY18 on account of higher taxes. 

India’s Industrial production growth for the month of December 2018 came in at better-than-expected 2.4 per cent, up from 0.3 per cent in November 2018. The IIP growth for the period of April-December 2018 stood at 4.6 per cent

Automotive company JBM Auto’s PAT came in at Rs. 19.72 crore with an EPS of Rs. 4.42 per share as against Rs. 23.2 crore with an EPS of Rs. 5.12 per share for Q2FY19.

Ashiana Housing's consolidated net profit came in at Rs. 3.44 crore for the quarter ended December 2018 as against Rs. 2.06 crore QoQ. Following the results announcement on Monday, the stock was very volatile on Tuesday and in the afternoon was up nearly 3 per cent.

Logistics player Allcargo Logistics net profit came in at Rs. 50.4 crore for the quarter ended December 2018 as against Rs. 32.2 crore for the corresponding quarter in the previous year.

Television broadcaster Sun TV Network reported a net profit of Rs. 351.33 crore for the quarter ended December 2018, up 32 per cent YoY from Rs. 266.97 crore in Q3FY18.

Auto ancillary player Lumax Auto Technologies' consolidated net profit came in at Rs. 18.36 crore for the quarter ended December 2018 as against Rs. 14.89 crore YoY. 

Liquor manufacturer Radico Khaitan’s net profit came in at Rs. 52.1 crore on the back of a significant reduction in finance costs for the quarter ended December 2018 as against Rs. 35 crore for the corresponding quarter last year

Aurobindo Pharma’s net profit rose to Rs. 712.2 crore (including Rs. 50.5 crore forex gain) in the quarter ended December 2018 as against Rs. 595 crore in the corresponding quarter a year ago on the back of a strong performance in the US, Europe and emerging markets.

The company reported a PAT of Rs. 11.35 crore with an EPS of Rs. 3.63 for the quarter ended December 2018 as against Rs. 18.83 crore with an EPS of Rs. 6.02 per share for the corresponding quarter last year, registering a degrowth of 39.72 per cent per cent.

Bodal’s promoters increased their holding in the company to 57.43 per cent as against 55.69 per cent in the quarter ended September 2018.

V-Mart’s revenues came in at Rs.467.55 crore for the quarter ended December 2018 as against Rs. 368.93 for the corresponding quarter last year, up 26.73 per cent YoY.

Navneet Education reported a PAT of Rs. 7.54 crore with an EPS of Rs. 0.32 per share on a standalone basis for the quarter ended December 2018 as against Rs. 11.87 crore with an EPS of Rs.0.51 per share in the corresponding quarter last year.