Stocks To Watch: Lupin, Dr. Reddy’s Labs, Accelya Kale Solutions And More

06 Feb 2017, 07:59 AM IST

Employees monitor stocks at a brokerage firm in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, gained 0.4 percent to 8,797.

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Receives final approval for Triamcinolone Acentonide cream from the U.S. FDA
Approval to market a generic equivalent of Mylan Pharma Inc's Triamcinolone Acentonide cream
Cream had total U.S. sales of $55.7 million

Divests its entire stake in Kalyani Polytechnic Pvt. Ltd.
Kalyani Polytechnic now ceases to be a wholly-owned subsidiary of Bharat Forge Ltd.

Joint venture with IL&FS Engineering & Construction bags projects under Madhya Pradesh Road Development Corporation (MPRDC)
Project for widening and reconstruction of Ganj-Rajnagar Road, Laundi-Mahoba Road, Nawgong-Srinagar Road and Baxwaha-Dalpatpur road
Project cost estimated to be Rs 175.48 crore with a construction period of 20 months.

Announces their intention to combine with Mercator to create a leading global technology enabled solutions provider to airlines, travel agents and freight forwarders.
Combined entity to have annual revenues exceeding $200 million
Terms of transactions remain undisclosed
Warbug Pincus to be majority shareholders in the combined entity.

Grasim Industries: Increases FPI stake limit to 49 percent from 30 percent of the total paid up equity share capital
Aditya Birla Fashion: ‘Forever 21’ launches its first store in Chennai.
Bank of Baroda: Keeps MCLR unchanged
BSE: Nomura Trust & Banking, Nomura India Investment purchase 1.82 million shares for Rs 1,150.78 per share while Small Cap World Fund Inc. purchases 1.63 million shares for Rs 1,100.44 per share.
Dr Reddy’s Laboratories: Net profit for the quarter ended December 31 falls 15.8 percent to Rs 492.3 crore compared to Rs 585.7 crore last year.
ACC: Third quarter profit falls 52.93 percent to Rs 48.28 crore from Rs 102.58 crore on account of one-time provisioning of Rs 42.81 crore.
Jet Airways: Q3 net profit falls nearly 70 percent to Rs 142.38 crore compared to Rs 467.11 crore in the year ago period due to steep rise in fuel costs.
NSE: To appoint IDFC’s Vikram Limaye as managing director and CEO for a period of five years.
Tata Sons: EGM today to consider Cyrus Mistry's ouster as director.

Piramal Enterprises: In talks for a joint venture with CDPQ (Canadian Pension Fund) arm for a realty private equity firm. (Business Standard)
ACC: Company along with Shree Cement, JK Cement, JK Lakshmi Cement and Ambuja Cements to move tribunal against the Competition Commission of India order. (Business Standard)
ABG Shipyard: Cochin Shipyard enters into talks to buy the company. Controlling stake in the Rs 16,000 crore debt-laden company may be valued at Rs 400-500 crore. (Mint)
Bharti Airtel: Files complaint against Reliance Jio before the Competition Commission of India. (Mint)
Emami: Looking to sell sanitary napkin business. (Mint)
Infosys: May abandon annual forecasts as uncertainties mount. (Mint)
Idea Cellular: Vodafone deal may require Birlas to pump in Rs 25,150 crore into the company to ensure equal rights with the U.K. based company. (Economic Times)
Sun Pharma: Recalls 2,70,000 bottles of anti-depressant drugs in the United States. (PTI)
JSPL: Exploring options to reduce debt worth Rs 46,000 crore. (PTI)