13 March 23
FII & DII DATA
FII Net SELL - 1546.86cr
DII Net BUY - 1418.58cr
14 March 2023
Stocks in Focus
Lupin
The USFDA completed inspection of its bioresearch centre in Pune with zero observations. Lupin Bioresearch Centre conducts in-vitro BE and biosimilar studies. This was the seventh consecutive onsite inspection for the Bioresearch centre.
Surya Roshni
The company has won total orders worth Rs 96.39 crore for the supply of 3 LPE Coated steel pipes from HPCL for City Gas Distribution projects in Rajasthan, Bihar, Jharkhand and West Bengal. The order will have to be executed in the next 8.5 months.
Krsnaa Diagnostics
Operationalised 100 more pathology collection centers under contract with the BMC. With this, the company has operationalised 300 pathology collection centers. It had won a tender in January to provide lab investigation facility services for BMC dispensaries and hospitals in Mumbai. The contract is for a total of 600 centers.
GAIL
The company has declared an interim dividend of Rs 4 per equity share for the current financial year. Based on the current shareholding pattern, the government will receive a dividend payout of Rs 1,355 crore, while other shareholders will receive Rs 1,275 crore.
Tube Investments
The company has entered into an agreement with N Govindarajan to incorporate a subsidiary for pursuing the CDMO business, subject to approval of shareholders. The company will invest up to Rs 285 crore, while N Govindarajan will invest up to Rs 15 crore. The company is looking at new platforms to complement the existing business for future growth as part of its long-term strategy. N Govindarajan will be entitled to get up to 25 percent of the equity for his investment.
Sona BLW Precision Forgings
Blackstone and its affiliates sold 20.5 percent stake in the company via bulk deals in the open market. The stake was purchased by marquee investors like the Government of Singapore, Fidelity, FMR< ICICI Prudential Life Insurance and HDFC Mutual Fund.
CreditAccess Grameen
The company crossed a milestone of Rs 20,000 crore in Assets Under Management. As of December 31, that figure stood at Rs 17,786 crore. The company has added over 3.7 lakh new borrowers during the quarter, significantly higher than the 2.8 lakh and 3 lakh new borrowers added in the two earlier quarters. It has also disbursed over Rs 5,000 crore during the quarter so far. It has opened 30 new branches and plans to open another 34 by March 31, 2023.
The USFDA completed inspection of its bioresearch centre in Pune with zero observations. Lupin Bioresearch Centre conducts in-vitro BE and biosimilar studies. This was the seventh consecutive onsite inspection for the Bioresearch centre.
Surya Roshni
The company has won total orders worth Rs 96.39 crore for the supply of 3 LPE Coated steel pipes from HPCL for City Gas Distribution projects in Rajasthan, Bihar, Jharkhand and West Bengal. The order will have to be executed in the next 8.5 months.
Krsnaa Diagnostics
Operationalised 100 more pathology collection centers under contract with the BMC. With this, the company has operationalised 300 pathology collection centers. It had won a tender in January to provide lab investigation facility services for BMC dispensaries and hospitals in Mumbai. The contract is for a total of 600 centers.
GAIL
The company has declared an interim dividend of Rs 4 per equity share for the current financial year. Based on the current shareholding pattern, the government will receive a dividend payout of Rs 1,355 crore, while other shareholders will receive Rs 1,275 crore.
Tube Investments
The company has entered into an agreement with N Govindarajan to incorporate a subsidiary for pursuing the CDMO business, subject to approval of shareholders. The company will invest up to Rs 285 crore, while N Govindarajan will invest up to Rs 15 crore. The company is looking at new platforms to complement the existing business for future growth as part of its long-term strategy. N Govindarajan will be entitled to get up to 25 percent of the equity for his investment.
Sona BLW Precision Forgings
Blackstone and its affiliates sold 20.5 percent stake in the company via bulk deals in the open market. The stake was purchased by marquee investors like the Government of Singapore, Fidelity, FMR< ICICI Prudential Life Insurance and HDFC Mutual Fund.
CreditAccess Grameen
The company crossed a milestone of Rs 20,000 crore in Assets Under Management. As of December 31, that figure stood at Rs 17,786 crore. The company has added over 3.7 lakh new borrowers during the quarter, significantly higher than the 2.8 lakh and 3 lakh new borrowers added in the two earlier quarters. It has also disbursed over Rs 5,000 crore during the quarter so far. It has opened 30 new branches and plans to open another 34 by March 31, 2023.
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