Top stocks to watch: Fortis, ICICI Bank, NHPC, Bodal Chemicals, Avenue Supermarts, L&T, Wockhardt
These companies will be in focus during trade today based on recent and latest news developments.
Lupin says US FDA to start inspection of the drug maker’s Nagpur plant from May 7, as per media reports.
UltraTech submits a fresh offer of Rs7840cr for Binani Cement. The lenders are expected to meet today to discuss UltraTech’s new bid, as per media reports.
PC Jeweller prepones buyback date to May 10 from earlier announced May 25.
Aurobindo Pharma launches $1.6bn bid to buy Novartis’ generics unit, as per media reports.
Infosys approves Rs13cr of annual performance equity grant for MD and CEO Salil Parekh.
L&T IDPL transfers stake in five units to IndInfravit Trust.
Fortis Healthcare receives revised offer from Manipal Healthcare. The hospital chain operator has appointed Arpwood Capital to advise on sale bids. Shareholders, meanwhile, approve the acquisition of RHT Health Trust assets.
MRF, JK Tyres, Ceat stock in focus. Tyre companies raise prices up to 3% on back of rising input costs.
Apollo Tyres to consider seeking shareholders’ nod for debenture sale on May 10.
NHPC receives CERC nod to undertake interstate trade in electricity across the country.
Bodal Chemicals to acquire land at PCPIR, Dahej from GIDC for future expansion and new projects.
Results today: ICICI Bank, Tata Chemicals, Exide Industries, Vijaya Bank, Firstsource Solutions, Inox Leisure, Pfizer, Talwalkars, Tata Coffee, Tata Investment Corporation, Zee Learn.
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