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Top 10 Stocks in Focus on Wednesday, 02 November 2016

Lupin: The pharma major on Tuesday informed bourses that it has received final approval from the USFDA to market norgestimate and ethinyl estradiol tablets marked for use by females of reproductive potential to prevent pregnancy. “We have received final approval for norgestimate and ethinyl estradiol
tablets USP, 0.25 mg/0.035 mg, from the United States Food and Drug Administration (FDA) to marketa generic version of Janssen Pharmaceuticals Ortho-Cyclen 28 tablets,” a company statement said today.

Jubilant Life Sciences: The company has received approval from the US health regulator to market Rosuvastatin Calcium tablets, used for the treatment of hyperlipidemia, in the American market.

Dabur: FMCG major Dabur on Tuesday said it will acquire the personal care, hair care and creams businesses of the South African based-CTL group of companies in a deal valued at $1.5 million (Rs 10 crore). The acquisition will mark Dabur’s entry into the South African personal care market, the company said in a statement.

Coal India: Coal India on Tuesday registered a marginal decline in its production in October to 43.51 million tonnes (mt) compared to 44.37 mt produced in the same month last year. According to provisional data, its off-take for the last month stood at 43.04 mt, down marginally from 44.41 mt from in the year-ago month.

VST Industries: VST Industries on Tuesday after market hours reported 11 per cent rise in net profit at Rs 35.30 crore for the quarter ended September 30, 2016 against Rs 31.79 crore in the corresponding quarter a year ago.

Amtek Auto: The auto ancillary company is expected to shortlist bidders for its German division Tekfor as soon as next week.

Tata Motors: Jaguar Land Rover, a wholly owned subsidiary of Tata Motors, reported 7 per cent year-on-year rise in US October sales figures.

Moil: Country’s top manganese ore producer MOIL signed a pact with Madhya Pradesh government to conduct mineral exploration in the state.

Central Bank of India: The board on Tuesday considered and approved raising of equity capital by issuance and allotement of up to 1.71 crore equity shares of the face value of Rs 10 each at the issue price of Rs 91.45 per equity share aggregating to Rs 156.79 crore to Life Insurance Corporation of India including its various schemes on preferential basis.

Godrej Properties: Godrej Properties announced that it has sold over 60,000 sq meters of villas with a booking value in excess of Rs 300 crore in a single day at the launch of its first project, Crest, at its 100 acre township Godrej Gold Links.