Finace And Stock

Stocks in the news: HDFC AMC, Bharti Airtel, Max Healthcare, Lupin and IndiGo

Nifty futures on the Singapore Exchange traded 110 points, or 0.62 per cent lower at 17,657.50, signaling that Dalal Street was headed for a gap-down start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:

HDFC AMC: UK’s Standard Life, one of the promoters of HDFC Asset Management Company, is looking to sell up to 10.6 million shares of the mutual fund constituting 5 per cent total equity through a block deal on Wednesday to raise to Rs 3042 crore, according to a term sheet issued by JP Morgan.

Max Healthcare: Kayak Investments Holding, one of the promoters of Max Healthcare Institute is looking to sell 63.47 million shares or a 6.57 per cent stake through a block deal on Wednesday, according to a term sheet issued by Kotak Capital.

Bharti Airtel: Crisil Rating said it has upgraded the long term rating on the bank facilities and debt programme of Bharti Airtel to AA+ with a stable outlook. Earlier, the rating was AA with a stable outlook.

Lupin: Drug maker

said it has launched Droxidopa capsules, used in treating orthostatic dizziness, in the US market. The Mumbai-based company said it has launched the product in the strenghts of 100 mg, 200 mg, and 300 mg, in the US market after having received an approval from the United States Food and Drug Administration (USFDA).

UBL: The Competition Commission of India (CCI) penalty of Rs 752 crore on United Breweries is a significant sentiment dampener for the beer company, which may have to raise debt to pay the fine, said brokerage firms.

BPCL: The company plans to add 1,000 electric vehicles (EV) charging stations in the ‘short term’ to tap new business opportunities and as a ‘hedge against displacement of auto fuels’, chairman Arun Kumar Singh said.

RIL, Future group stocks: The National Company Law Tribunal (NCLT) allowed Kishore Biyani-led Future Group firms to hold meetings of its shareholders and creditors to seek approval for the sale of assets to Reliance Retail.

Newgen Software: IT company Newgen Software on Tuesday said that it has partnered with Tata Consultancy Services to deploy an enterprise-grade multi-channel, multilingual communication suite for the Banking Service Bureau (BSB) in Israel.

InterGlobe Aviation: American Airlines and IndiGo announced codeshare agreement that would mean more domestic flight options for the passengers of American in India.

Mahindra & Mahindra: The company is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, people with knowledge of the matter said.

ZEE Entertainment: Sebi Chairman Ajay Tyagi said that whatever actions are required will be taken if there are violations but declined to offer any specific comment to a query on events related to

. Zee is witnessing a battle between its largest shareholder Invesco Developing Markets Fund and the original promoters.

Godrej Industries: The company said it has raised Rs 750 crore through private placement of non-convertible debentures.

Indian Bank: The public sector bank said it has become the official partner bank for the collection of offline and online treasury for the Integrated Financial and Human Resources Management System.

Anupam Rasayan: Specialty chemicals manufacturer Anupam Rasayan said it has signed a letter of intent (LOI) worth Rs 145 crore with existing long-term European multinational customers for supplying a new life science-related active ingredient.

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