Market Commentary - Stock Alert
RIL, APSEZ, Lupin, Delta Corp in focus As on : 25-Oct-23  08:23

Reliance Industries (RIL): RIL is reportedly set to finalise a multi-billion dollar deal with Walt Disney Co. to buy its India operations. After the deal, Reliance is expected to hold a controlling stake in the Disney Star business, which has an estimated valuation of $10 billion. The American entertainment giant will hold minority stake in the business.

Adani Ports and Special Economic Zone (APSEZ): APSEZ has incorporated a wholly owned subsidiary company ?Udanvat Leasing IFSC Limited? on 23 October 2023. Udanvat shall carry out business of owning and leasing of Aircraft.

Lupin: Lupin announced that it has received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Fluconazole Tablets to market a generic equivalent of Diflucan Tablets of Pfizer, Inc. This product will be manufactured at Lupin's Pithampur facility in India.

Mahindra Logistics: The company reported consolidated net loss of Rs 15.6 crore in Q2 FY24 as compared to net profit of Rs 11.3 crore in Q2 FY23. Total revenue rose 2.9% to Rs 1364.8 crore in Q2 FY24 from Rs 1326.3 crore in in Q2 FY23.

Siemens: The company has on 23 October 2023 filed Writ Petition before the Bombay High Court challenging Show Cause Notice (SCN) issued by the GST authority.

Delta Corp: The High Court of Bombay at Goa considered the writ petitions filed by the company and its subsidiaries on 23 October 2023. The High Court has directed tax authorities not to pass any final orders on the show cause notices without the prior permission of the High Court.

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