9 stocks that remained in news today: Lupin, Excel Industries and more

By: | Updated: March 29, 2016 4:03 PM

Zydus Healthcare, a subsidiary of Cadila Healthcare, has acquired gastrointestinal brand 'Actibile' from drug firm Albert David for an undisclosed amount.

bse sensex, nse nifty, stocks in focus, stocks in newsIDBI Bank has allotted 15.8 crore equity shares, equivalent to 7.16 per cent stake, on preferential basis to LIC of India, which now holds over 14 per cent stake in the state-run lender. (Express Photo)

The benchmark BSE Sensex and NSE Nifty closed in red on Tuesday on account of sustained selling pressure in healthcare bluechips such as Lupin, Cipla and Dr Reddy’s Laboratories. Sensex closed 65.94 points down at 24900.46, while Nifty 50 settled 18.10 points down at 7,597.

Below are 9 stocks that remained in news today:

V2 Retail: V2 Retail has opened three more operational stores at Gorakpur and Azamgarh in the state of Uttar Pradesh and Purnia in Bihar state. The company has further closed a store located at Varanasi in Uttar Pradesh. Therefore there are currently 20 stores which are operational. READ MORE

Jubilant Life Sciences: Jubilant Life Sciences on Tuesday said its US arm stands to receive up to $22.6 million following the acquisition of a drug development firm, in which it has an indirect investment, by a pharmaceutical company which was not named. Shares of Jubilant Life Sciences closed 4.54 per cent down at Rs 392.90.

Excel Industries: Excel Industries share price surged as much as 16 per cent on Tuesday after the company approved buyback of shares at Rs 275 per share for up to Rs 18 crore. READ MORE

Lupin: Lupin shares hit their fresh 52-week low in Tuesday’s trade after reports that USFDA observations at Mandideep unit are serious in nature. The unit was inspected by USFDA from Feb 8-19 last month. READ MORE

Cadila Healthcare: Zydus Healthcare, a subsidiary of Cadila Healthcare, has acquired gastrointestinal brand ‘Actibile’ from drug firm Albert David for an undisclosed amount. Shares of Cadila Healthcare closed 1.27 per cent down at Rs 314.85.

ARSS Infrastructure: ARSS Infrastructure Projects on Monday said its has won a Rs 109-crore contract in Odisha by East Coast Railway. READ MORE

Torrent Power: Torrent Power Ltd on Monday said it has entered into a contract with a leading wind turbine generator manufacturing group for development of the 197.40-MW project. Torrent Power settled 1.83 per cent up at Rs 220.20.

Ashok Leyland: Hinduja group flagship firm Ashok Leyland on Monday sold shares worth Rs 299 crore in IndusInd Bank through an open market transaction. Shares of Ashok Leyland settled 1.86 per cent up at Rs 106.65.

IDBI Bank: IDBI Bank has allotted 15.8 crore equity shares, equivalent to 7.16 per cent stake, on preferential basis to LIC of India, which now holds over 14 per cent stake in the state-run lender. IDBI Bank shares closed 0.07 per cent down at Rs 68.20.

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