f USP, 180 mg and 360 mg. Lupin’s alliance partner Concord Biotech Limited (Concord) had received approval from the United States Food and Drug Administration (USFDA) earlier. - Positive.
Aditya Birla Fashion to raise Rs600cr via Commercial Paper on Private Placement – We are long term positive.
PNB Housing Finance on Monday said it has signed an agreement with Japan International Cooperation Agency (JICA) and Citibank to raise USD 100 million (about Rs 762 crore) for providing loans in the affordable housing segment.- Positive.
JSW Steel 4Q crude steel production down 5% at 3.97mn ton. Company said that the making preparation to start operation on lifting lockdown. Production in the financial year ended
March 31 fell 4% on year to 16.06 million tons, achieving 97.3% of targeted output. – Positive.
IndusInd Bank says that the deposit Rs2.02lakh cr vs Rs2.17lak cr, Q4 CASA ratio 40.5% vs 42.4% (QoQ). - Stock gained 25% yesterday – Positive.
Jaguar Land Rover has announced the beginning of the production of protective face visors for COVID-19 healthcare workers as an answer to the government call for more vital equipment to fight coronavirus – Positive.
Tata Power get letter for Award from NTPC of 300mw power plant worth Rs1730cr and total order book Rs8540cr. - Positive.
Cadila gets US FDA final approval for Perphenazine tablet – Cadila has received final approval from the USFDA to market Perphenazine Tablets. This medication is indicated for the treatment of schizophrenia and for the control of severe nausea and vomiting in adults. - Positive.
India may get $1.3-bn passive flow; MSCI EM weight may rise: they estimate $1.3 billion in passive inflows into the Indian equities spread across a bunch of stocks. That apart, there could be active inflow to the tune of $5.7 billion, Morgan Stanley said. On a relative basis, large-cap stocks such as Reliance Industries, HDFC, and Infosys are likely to see the most reduction in weights given the upward rebalancing of beneficiaries. "The top three stocks that could be inclusion candidates are Kotak Mahindra Bank, Biocon and IGL. They expect the index weights for ITC and Bajaj Auto to be lowered by 0.4 per cent and 0.15 per cent, respectively, from the current levels of 2.1 per cent and 0.6 per cent. Among individual stocks, the top five beneficiaries of this regime change, according to Morgan Stanley, are L&T, Asian Paints, Bajaj Finance, Nestle India and Divi's Lab as they could see the maximum increase in their stock weights in the index.
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