Monday, June 6, 2016

Top 10 Stocks in Focus: Sun Pharma, HDFC, Excel Crop


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Sun Pharmaceutical Industries Ltd:  Sun Pharma announced that as a part of its manufacturing consolidation in the US, one of its wholly owned subsidiaries has entered into an agreement with Frontida BioPharma. 

Yes Bank: Yes Bank is planning to raise USD 1 billion from overseas investors in the current fiscal as it has recently got government approval for increasing foreign investment to 74 per cent, says report.

 Adani Enterprise Ltd: Adani Enterprise may walk away from its proposal to build one of the world's biggest coal mines in Australia, says report.

Lupin: Lupin is planning to launch up to 30 drugs in the US market in the current fiscal, says report.

Indiabulls Real Estate: The company has announced that Tapir Realty Developers Ltd, a 100% subsidiary of the company, has entered into a joint development agreement with Oricon Properties.

Natco Pharma: The company received US Food and Drug Administration (USFDA) approval for Abbreviated New Drug Application (ANDA) for a cancer drug.

Force Motors: Force Motors has announced its sales performance for the month of May 2016. The company sold 1,588 SCV, LCVs & 923 UV, SUV Tractors in May 2016.

Kwality: KKR India is set to invest about Rs.600 crore in Kwality Ltd, as per media report. KKR India will invest through a structured debt transaction.
Oriental Bank of Commerce: The bank is planning for a credit growth of 12% in the current fiscal with focus on retail and SME lending.

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