TOP 5 STOCKS TO WATCH
Vedanta: Billionaire Anil Agarwal’s Vedanta Resources on Saturday said it has failed to garner the required number of shares to delist Indian subsidiary Vedanta. The total number of shares validly tendered by the public shareholders in the delisting offer was 125.47 crore, less than the minimum number of shares required to be accepted by the acquirers in order for the delisting offer to be successful.
Sun Pharma: Leading drug maker Sun Pharma is recalling 747 bottles of generic diabetes drug in the US due to the possibility of the affected lot containing cancer causing nitrosodimethylamine (NDMA) above the acceptable intake limit, the US health regulator has said.
Shilpa Medicare: The company has received warning letter from USFDA for its Jadcherla facility, Telangana. The management says the letter will have miniumum impact of disruption of supplies & existing revenues from operations of this facility
ITC: CLSA Upgrades ITC from Outperform to Buy with a target at `220/share saying FMCG is the new value driver and long-term positives are unfolding as revenue diversifies. CLSA sees positive outlook with compelling valuations for ITC.
Indiabulls Housing: The company further sold a portion of its stake in OakNorth Holding to Riva Capital Partners for ~`441 crores and the sale proceeds will be accretive to the regulatory net worth and the CRAR of the Company
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