Top 12 stocks in focus today: Cipla, Suzlon, SpiceJet
Suzlon: Suzlon Energy secures 50.40 MW from a leading business house.
Oil India: The company will announce its Q2 numbers today.
Cipla: Cipla Ltd is in discussions to sell Cipla Vet, its animal health division, as per media report. According to the report, the company hired global investment bank Rothschild to find potential buyers.
Ashok Leyland: Ashok Leyland has completed the acquisition of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures formed between the two companies.
SpiceJet: SpiceJet reported a rise of 103% in its net profit for the second quarter of 2016-17. The company’s Q2 net profit stood at Rs 58.9 crore from Rs 29 crore reported in the corresponding quarter of 2015-16.
Aurobindo Pharma: Arrow Generiques SAS, the French subsidiary of Aurobindo Pharma, has signed an agreement to acquire select commercial products in France from Teva.
BEML: Thr company reported standalone net loss narrowed to Rs 16.6 crore for the second quarter ended September 30, 2016, against that of Rs 24.6 crore in the corresponding quarter of previous fiscal.
Strides Shasun: Strides Shasun’s wholly owned subsidiary Strides Arcolab International, UK has entered into an agreement with Moberg Pharma, Sweden to acquire the ‘PediaCare’ brand for a total consideration of $5 million plus inventory value at closing.
Hathway Cable & Datacom: The company has reported a net loss of Rs 40 crore for the quarter under review as compared to a net loss of Rs 32 crore for the same quarter in the previous year.
Larsen & Toubro: L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen & Toubro (L&T) has unveiled high-tech spool base facilities at L&T’s fabrication facility at Kattupalli, in Chennai.
Rajshree Sugars & Chemicals: The company has entered into a share purchase agreement with the prospective buyer, for the sale of the wholly-owned subsidiary Company Trident Sugars, having the sugar factory at Telangana. As per the said agreement, the prospective buyer is expected to close the sale transaction by March 31, 2017.
GPT Infraprojects: GPT Infraprojects announced bourses that it has bagged an order value at Rs 73 crore from Rail Vikas Nigam Ltd.