Market Commentary - Stock Alert
Dr.Reddy's Lab, PNB Housing, Karur Vysya Bank to be watched As on : 19-Jun-23  08:27

Dr.Reddy's Laboratories (DRL): DRL said that US FDA has concluded its GMP inspection at the company's API facility in Bollaram, Hyderabad with zero observations. The inspection was conducted from 12 June 2023 to 16 June 2023. The inspection closed with zero observations.

PNB Housing Finance: PNB Housing Finance said that its board will meet on Thursday, 22 June 2023, to consider the proposal of raising upto Rs 5,000 crore through non convertible debentures (NCDs) on private placement basis.

Karur Vysya Bank: The bank will be inaugurating 10 new branches on 19 June 2023. The new branches will be located in diverse regions, including Sattenapalle (Palnadu, Andhra Pradesh), Gadwal (Jogulamba Gadwal, Telangana), Anna Nagar East (Chennai, Tamil Nadu), Vilathikulam (Tuticorin, Tamil Nadu), Parangipettai (Cuddalore, Tamil Nadu), Madambakkam (Chennai, Tamil Nadu), Pudukkottai - North (Pudukkottai, Tamil Nadu), Veeragunur (Salem, Tamil Nadu) and Kachirapalayam (Kallakurichi, Tamil Nadu). The bank will also be launching its digital banking unit (D.B.U.) in Nandanam, Chennai.

MTAR Technologies: The company said that ICRA Ratings has reaffirmed its '[ICRA]A (Stable)/A1' ratings on the bank facilities of the company.

Kalpataru Projects International: The company said that its board will meet on Wednesday, 21 June 2023, to consider and approve the proposal for the raising of funds by way of issuance of non-convertible debentures (NCDs) on private placement basis.

Skipper: Skipper announced that it has received cumulative orders from domestic and international markets to design, supply and construct new transmission line projects, aggregating to Rs 1,135 crore.

National Fertilizers (NFL): NFL said that Ministry of Chemicals & Fertilizers has appointed U. Saravanan as chairman & managing director (MD) of the company with effect from 16 June 2023.

AXISCADES Technologies: AXISCADES Technologies said that its board has approved the 100% acquisition, in a phased manner, of add solution, GmbH, Germany, specializing in automotive solutions to global OEMs.

Ram Ratna Wires (RRWL): RRWL said that it has been allotted industrial land by Rajasthan State Industrial Development & Investment Corporation (RIICO) to setting up manufacturing facility/plant at Alwar, Rajasthan.

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