Stocks in news today: The domestic equity markets are likely to open on a tepid note following shaky Asian markets and flat-to-negative Singapore-traded SGX Nifty, which is an early indicator of NSE Nifty 50 index. Lupin, UltraTech, Tech Mahindra, HDFC AMC, Adani Power to be in focus today.
The domestic equity markets are likely to open on a tepid note following shaky Asian markets and flat-to-negative Singapore-traded SGX Nifty, which is an early indicator of NSE Nifty 50 index. Asian shares started cautiously on Thursday as a deadline loomed for fresh U.S. tariffs on China and amid speculation U.S. President Donald Trump’s political position could be threatened by the legal woes of two former advisers, said a Reuters report.
Stocks in news today: These shares will be in focus on August 23, 2018, Thursday:
Lupin: Drug major Lupin has received approval from the US health regulator to market Nudovra tablets, used to prevent pregnancy, in the American market.
UltraTech Cement: Aditya Birla Group firm UltraTech has received an approval from the fair trade regulator Competition Commission for the acquisition of the cement business of Century Textiles and Industries.
Tech Mahindra: IT company Tech Mahindra will acquire Czech Republic-based engineering services firm Inter-Informatics for around Rs 8 crore through a wholly-owned subsidiary, it said in a regulatory filing to the BSE.
HDFC AMC: The country’s second-largest mutual fund house HDFC Asset Management Company reported a 25% surge in net profit at Rs 205.26 crore for three months ended June 30 this year.
Adani Power: Adani Power has restored the supply of 2,000 megawatt (MW) since the past 15 days in a major relief to state-run power utility Gujarat Urja Vidyut Nigam (GUVNL), PTI reported quoting a senior government official.
P&G: FMCG major Procter & Gamble (P&G) reported a 42.91% decline in net profit at Rs 44.55 crore for the fourth quarter ended June 30, 2018.
V-Mart: Multi-brand value retailer V-Mart Retail is expanding its sales network and plans to have around 205 stores by the end of this fiscal by adding 35 stores, PTI reported a top company official as saying.