Poly Medicure subsidiary is acquiring only infusion and vascular access business of the Italian firm.
Jefferies has maintained a hold on the stock but has cut the target from Rs 614 to Rs 584 per share. The house is of the view that the joint venture with Thyssen should be on track and feels that the company may adjust deal in terms given recent divergence in margin trends.
The insurance company will present the discussion for IDBI stake buy to board if okayed by the Investment & Strategy Committee.
The breadth of the market favoured declines, with 637 stocks advancing, 1011 declining and 411 remaining unchanged. On BSE, 881 stocks advanced, 1319 declined and 129 remained unchanged.
Total interest outstanding as on date is Rs 12.14 crore, and principal redemption amount outstanding as on date is Rs 45 crore, Hotel Leela said.
The breadth of the market favoured declines, with 526 stocks advancing, 1031 declining and 493 remaining unchanged. On BSE, 647 stocks advanced, 1104 declined and 93 remained unchanged.
"The project will be executed through a Special purpose vehicle in which Capacit'e Infraprojects Limited will have 37.1 percent share worth Rs 4,357.12 crore," the building construction company.
ICICI Bank| Can Fin Homes| HCL Tech| Tata Motors| Indiabulls Real Estate are the stocks which are in news today.
Further, reports of the bank appointing a law firm and risk assessment company to assist the independent enquiry against its CEO soothed market investors.
The share surged 9.4 percent from its 52-week low of Rs 128.85 touched during the day.
The breadth of the market favoured declines, with 626 stocks advancing, 924 declining and 496 remaining unchanged. On BSE, 829 stocks advanced, 957 declined and 94 remained unchanged.
Source had told CNBC-TV18, the Enforcement Directorate has summoned the top management of the carrier in a case related to violations related to foreign exchange management act (FEMA).
The UP government has cancelled the earlier bid on the Purvanchal expressway project and has re-invited the bids, company said in release.
Adani Transmission, Bosch, L&T, BHEL, Tata Steel, Blue Dart are stocks, which are in news today.
The lender’s Chairman and Managing Director (CMD) Ravindra Marathe along with five others have been arrested for extending fraudulent loans to Pune-based DSK Group, police said.
94 stocks hit a new 52-week low. These include Ambuja Cements, Bank of Baroda, HAL, Can Fin Homes, HCC, India Cements, NBCC, Jain Irrigation Systems, Shree Cement, Tata Power and UPL among others.
Under the settlement agreement, company expects to launch its generic tadalafil product in the United States on or not before March 26, 2019 under certain circumstances.
The breadth of the market favoured advances, with 922 stocks advancing, 722 declining and 402 remaining unchanged. On BSE, 1256 stocks advanced, 1099 declined and 119 remained unchanged.
The significant growth and margin improvement at SMP will be key driver, says IIFL.
BHEL might witness modest growth & profitability recovery, the global research house said, adding its executable order book has improved.
RAK Paints is one of the established paint companies in Bangladesh having a diverse product range encompassing decorative paints and industrial paints.
The company board approved the buyback of 55.55 lakh shares of the company at a price of Rs 450 per share for an aggregate amount not exceeding Rs 250 crore.
The pace of air traffic growth was lower and it’s too early to conclude that demand is slowing down.
The breadth of the market favoured advances, with 918 stocks advancing, 626 declining and 493 remaining unchanged. On BSE, 995 stocks advanced, 706 declined and 80 remained unchanged.
The company, in a filing to the exchanges, said that a Board meeting is scheduled for Friday, June 22, 2018.