Stocks in the news: BHEL, Aster DM, Cadila, DHFL, Bharat Financial, FDC, Divis Labs

Here are stocks that are in the news today:

Aster DM: ICRA upgrades credit rating to BBB+ from A-; outlook changed to Positive from Stable.

Syngene International approves issue of bonus issue in the ratio of 1:1

BHEL: Company wins 2 EPC orders worth Rs 800 crore from NTPC & Gujarat State Electricity Corporation.

Reliance Infrastructure Q4: Consolidated net loss at Rs 3,301 crore versus profit of Rs 133 crore; revenue at Rs 4,012.7 crore versus Rs 3,075.2 crore YoY.

Coromandel International: Gujarat Pollution Board revokes its earlier closure order for Gujarat unit.

Indiabulls Real: Promoter releases pledge on 1 crore shares on June 14.

Indiabulls Housing Finance: Promoter releases pledge on 42 lakh shares on June 14.

Fortis Healthcare: Company repays entire loan availed from Citi Bank; closes bidding process for stake sale in RHT Health Trust as no firm proposal is received.

Cadila Healthcare: Subsidiary Alidac Pharma gets Establishment Inspection Report for Ahmedabad unit. USFDA conducted a Pre-Approval Inspection (PAI) from March 18-26.

Jaypee Infra: Committee Of Creditors will meet on June 20.

NDTV: SEBI bars promoters (Prannoy, Radhika Roy) from accessing securities markets for 2 years.

Corporation Bank: 1-year MCLR cut by 5 bps to 8.85%.

CCL Products: India Ratings revises outlook to Positive from Stable; affirmed long-term rating at A+.

Bharat Financial: Company assigns a pool of receivables worth Rs 1,546 crore to a private bank.

DHFL: Company made principal payment of Rs 100 crore & interest of Rs 25.5 lakh on NCDs due June 14.

United Bank: Bank cuts 1-year MCLR to 8.75 percent from 8.8 percent.

New India Assurance: Company likely to announce bancassurance with IDBI Bank - CNBC-TV18 sources.

Laurus Labs: USFDA completed inspection of API facilities in Units 1 & 3 with two observations which are procedural in nature.

Sandhar Technologies: Company has signed a joint venture agreement with Winnercom Co. Ltd., Republic of Korea.

FDC: Compamy has been granted ANDA approval by USFDA, for Dorzolamide and Timolol Ophthalmic solution USP 22.3mg/6.83mg per ml, a generic version of Cosopt of Oak Pharmaceuticals Inc.

Elecon Engineering Company: Company received prestigious order from BHEL for supply & erection of stacker cum reclaimer machines at its Udangudi STPP site, Thoothukudi, Tamil Nadu worth Rs 79.12 crore.

PG Electroplast: Fire broke out on June 15 in washing machine division of the company. Greater Noida, UP.

Indraprastha Medical Corporation: Ashok Bajpai resigned from the position of Managing Director of the company due to personal reasons.

Divi's Laboratories: The USFDA concluded inspection of Unit-II at Bheemunipatnam, Andhra Pradesh with no 483 observations. This was a general cGMP inspection by the USFDA.

Symphony: Company incorporated a wholly owned subsidiary company in Brazil.

Relaxo Footwears: Company has fixed June 27 as the record date to determine eligible shareholders entitled to receive the bonus shares.

Novartis India: Company approved appointment of Sanjay Murdeshwar as Vice Chairman & Managing Director.

CreditAccess Grameen: Company appointed BR Diwakar, CFO, as an additional director on the board.

Bulk Deals

If you want to know more about our services, please visit Free Stock Tips

Stocks in the news: Godrej Agrovet, NBCC, Sheela Foam, Bharat Financial, Unichem Labs

Here are stocks that are in the news today:

Grasim Industries: Company allots 5,000, 7.65% fully-paid NCDs of Rs 10 lakh each aggregating to Rs 500 crore.

Texmo Pipes and Products: Board allotted 13 lakh equity shares at a price of Rs 23.20 per share, aggregating to Rs 3.01 crore to Shree Padmavati Irrigations LLP, promoter group entity on preferential basis.

Nelco board approved sale of company's entire Investment of 12.30% stake in Nelito Systems at a consideration of Rs.6.77 crore to DTS Corporation, Japan

Ador Welding: CARE downgraded rating on long term bank facilities to AA— from AA with outlook stable.

Mahindra & Mahindra Financial Services: Board approved the acquisition of 1,18,91,511 equity shares of Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary of the company, aggregating to Rs 286.78 crore from National Housing Bank (NHB). Consequently, the shareholding of the company in MRHFL will increase from 88.75 percent to 98.43 percent as and when the shares are acquired.

Marathon Nextgen Realty: Board approved acquisition of 100 percent equity of 'Marathon Nextgen Townships Pvt Ltd' (MNTP) for a consideration of Rs 1 lakh, and investment proposal/s upto Rs 150 crore to spur up its growth activities.

Ruby Mills: The production at processing plant at Kharsundi has stopped due to labour unrest.

Lloyds Metals and Energy: The company has been conferred the status of mega project under Package Scheme of Incentives - 2013 and received approval for incentives or facilities from Industries, Energy and Labour Department of Government of Maharashtra in respect to the proposed mineral based steel plant at Konsari, Gadchorioli.

Unichem Laboratories: Company has received final Approval for its ANDA, Tadalafil tablets, 2.5 mg, 5 mg 10 mg and 20 mg from the United States Food and Drug Administration for a generic version of Eli Lilly's Cialis.

Bharat Financial Inclusion: Company assigned a pool of receivables of an aggregate value of Rs 1,528.87 crore to one of the largest private sector banks on a Direct Assignment basis. With this transaction, the company has completed Direct Assignment transactions worth Rs 8,195.07 crore in FY19.

Sheela Foam: Company's non-retail investors' portion in offer for sale issue oversubscribed by 2.5 times, receiving bids for 1,05,90,951 shares against OFS size of 42,33,764 shares.

Tata Global Beverage: Board announced re-appointment of Ajoy Kumar Misra as the Managing Director and CEO of the company for a period of 1 year.

Mcleod Russel: Aditya Khaitan, the Vice Chairman of the board has been elected as the Chairman of the board of directors.

NBCC India: Company secured new works for various infrastructure projects of Rs 1,003 crore.

Godrej Agrovet: Company acquired an additional 1.1 percent stake in its joint venture Godrej Tyson Foods, increasing its total shareholding in same to 51 percent. It also acquired additional 2.16 percent stake in Godrej Maxximilk Private Limited, increasing its total shareholding in same to 52.06 percent. Consequently, both companies have become subsidiaries of Godrej Agrovet.

We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.

Visit: www.ripplesadvisory.com

Contact us @ +91-9644405056

Source: Moneycontrol