Market Commentary - Stock Alert
RIL, Shree Cement, Dr. Reddy's Lab, Tata Communications in focus As on : 20-Jul-23  08:48

Reliance Industries (RIL): Shares of RIL will go through a special pre-open call auction today on the demerger of Jio Financial Services Ltd (JFSL). The difference between today's closing price of RIL and the price derived during the special session will be treated as the constant price for Jio Financial Services.

Shree Cement: The company has received a letter dated 19 July 2023 from the office of Regional Director (NWR), Ministry of Corporate Affairs (MCA) informing order of inspection under Section 206(5) of the Companies Act, 2013. The company will comply the directions.

Dr. Reddy's Laboratories: The United States Food & Drug Administration (USFDA) completed a Pre-Approval Inspection (PAI) and a routine GMP inspection at API manufacturing facility in Srikakulam, Andhra Pradesh. The inspection was conducted from 10 July 2023 to 19 July 2023. The inspection closed with zero observations and a classification of No Action Indicated (NAI).

Tata Communications: The company reported 29.8% fall in consolidated net profit to Rs 382 crore on 10.7% rise in gross revenue to Rs 4711 crore in Q1 FY24 over Q1 FY23.

Olectra Greentech: The company has awarded a contract for construction of the greenfield electric vehicle manufacturing facility on 150 Acres of the land situated at Seetharampur, Hyderabad, Telangana (Greenfield EV Manufacturing Facility or Project) to Megha Engineering & Infrastructures Limited (MEIL) which is the ultimate holding company and a related party to Olectra Greentech Limited (Company/ Olectra).

PNB Gilts: RBI has authorised the company as an 'Authorised Dealer - Category III?. Under this authorization, the company may offer all foreign exchange market-making facilities to users, as currently permitted to Category-I Authorized Dealers.

Powered by Capital Market - Live News