Several companies are likely to remain in focus today owing to key regulatory updates, project wins, acquisitions, and strategic corporate announcements.
Dr Reddy’s Laboratories received two observations in Form 483 from the USFDA following a GMP inspection at its API Middleburgh facility in New York, conducted between May 12 and 16.
Bharat Electronics has secured additional orders worth Rs 572 crore since April 7. The orders include systems such as Integrated Drone Detection and Interdiction System (IDDIS), software-defined radios, AI-based naval solutions, jammers, and more.
KEC International announced new transmission and distribution orders in India, valued at Rs 1,133 crore.
RPP Infra Projects received a letter of acceptance for a Rs 154.43 crore project involving fabricated boiler structures in Koderma, Jharkhand.
Max Healthcare Institute, through its subsidiary Crosslay Remedies, has acquired a 4,000 square meter land parcel adjacent to its Vaishali hospital for Rs 120 crore. The acquisition is expected to facilitate the addition of around 140 beds.
Lumax Auto Technologies will acquire the remaining 25% stake in IAC International Automobile India for Rs 221 crore, making it a fully owned material subsidiary.
Sun Pharmaceutical Industries received premarket approval from the USFDA for its next-gen LED BLU-U Blue Light PDT device used in treating actinic keratoses.
NBCC (India) sold 446 units in Aspire Silicon City, Noida (Phase IV) through e-auction, fetching Rs 1,467.93 crore. The company earns a 1% marketing fee on the total sale value.
JSW Steel has scheduled a board meeting on May 23 to discuss long-term fundraising and dividend recommendation.
Bajaj Auto, through its subsidiary Bajaj Auto International Holdings BV, has entered into loan agreements with three global banks to raise 566 million euros (Rs 5,431.08 crore) for one year.
PNC Infratech secured an arbitration award worth Rs 485.28 crore plus 12% annual interest related to a four-lane highway project in Agra, Uttar Pradesh.
GlaxoSmithKline Pharmaceuticals reported a fire incident at one of its contract manufacturing facilities, leading to a temporary production disruption.
Vodafone Idea has acquired a 26% stake in Sangli Wind Energy for Rs 31.2 lakh, making it an associate company.
Bulk deal activity remained high:
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Bharti Airtel promoter entity Pastel sold a 1.16% stake (7.1 crore shares) worth Rs 12,880 crore.
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Dam Capital Advisors saw Gazania Advisory LLP buy 5.5 lakh shares at Rs 216.70 each.
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IndusInd Bank saw Route One Fund I LP offload 50.38 lakh shares at Rs 765.68 apiece.
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JSW Infrastructure witnessed a 2% stake sale by Sajjan Jindal Family Trust, while the Government of Singapore acquired a 0.87% stake.
Virtual Galaxy Infotech is set to debut on the SME platform today, May 19.
F&O ban is in place for Titagarh Rail Systems, Hindustan Copper, and Manappuram Finance, while Central Depository Services has been removed from the ban list.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions.
