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Stocks in News, Share Market News: Domestic equity benchmarks Nifty 50 and Sensex rose on Tuesday amid buying interest in oil and gas stocks though selling pressure in financial services and IT shares played spoilsport. As market participants await the next trading session on Dalal Street, here are a few stocks set to be in focus on Wednesday, July 2.
Nazara Technologies
An open offer by Plutus Wealth, Axana Estates and Junomoneta Finsol for a 26 per cent stake in Nazara Tech, at Rs 990 per share, is set to conclude on Wednesday.
Lloyds Metals and Energy
The company has reported a 3.0 per cent increase in the production of direct reduced iron (DRI) to 79,033 tonnes in the quarter ended June 30.
NMDC
The company has registered a 6.0 per cent incrase in iron ore production to 3.57 million tonnes in June.
In the fiscal first quarter, its iron ore production jumped 30 per cent to 11.99 million tonnes.
South Indian Bank
The private sector lender has reported an 8 per cent increase in gross advances with 9 per cent growth in in deposits for the June quarter.
Its CASA deposits have grown 9 per cent to Rs 36,204 crore during this period.
Asian Paints
Fair trade regulator CCI has passed a prima facie order against Asian Paints over an alleged abuse of its market position in the decorative paint segment.
The development follows a complaint filed by Grasim against Asian Paints this month, alleging that Asian Paints discouraged dealers from stocking Birla Opus products. Grasim recently entered the domestic paints market with its brand Birla Opus.
Asian Paints has decided to review the order and take appropriate legal recourse, fully cooperating with the investigators.
Lupin
The drug maker has received the US regulator’s approval for its Loteprednol abbreviated new drug application (ANDA).
The drug, used in treating post-operative ocular pain and inflammation, has an estimated annual sales to the tune of Rs 248 crore in the US.
AstraZeneca
The company has received approval of the CDSCO to import Durvalumab Solution into India.
MOIL
The Miniratna CPSE has revised the manganese ore prices by 2 per cent.
It has, however, kept silico-manganese grade ore prices unchanged.
Paras Defence
The company has secured a Rs 22-crore order from France’s CERBAIR.
The deal involves the supply of 30 Chimera 200 Counter-UAS systems
Nibe
The company has bagged a Rs 22.6-crore order from a defence and infrastructure company to supply turret structure assemblies.
Dreamfolks Services
The company has ended some programmes with private sector lenders Axis Bank and ICICI Bank.
The company is assessing the impact of deactivations as part of its routine business operations.
It has said that the contracts with the lenders will stay active.
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