Share Market News: Tata Motors, Ola Electric, IDFC First Bank, Lupin, RPower, Ipca Labs, NHPC, GAIL, more stocks to follow on September 29; see the full list
Share Market News, Stocks to Watch: Domestic equity benchmarks Sensex and Nifty50 took a break from record highs on Friday, as weakness in financial stocks outweighed strength in IT and energy stocks, the Sensex ended 264.3 points, or 0.3 per cent, lower at 85,571.9 and the -Nify50 lost 37.1 points, 37.1 points or 0.1 percent, to settle at 26,179 after hitting all-time highs of 85,978.3 and 26,277.4 during the session, respectively. With the focus on the new trading week, here is a list of stocks that will take center stage on Dalal Street on September 30:
IPCA Labs and Unichem Labs
The board of Unichem Laboratories is scheduled to meet on Monday to consider the proposed merger and acquisition of the generics business in the US market of Bayshore Pharmaceuticals LLC.
The move is to consolidate all of Ipca’s US generics group business under one entity.
Lupine
The FDA has issued three observations each on the drug maker’s factory and a finished product manufacturing unit in Madhya Pradesh’s Pithampur.
IndusInd Bank
Sumant Kathpalia has been reappointed as MD and CEO of IndusInd Bank subject to formal approval.
IDFC First Bank
The proposed merger between IDFC Financial Holding Company and IDFC Ltd and IDFC Frist Bank will take effect on 1 October.
Tata Motors
Auto giant Tata Group has organized a foundation stone laying ceremony for a new car manufacturing plant in Tamil Nadu.
UPDATE: Dalal Street Church Front | Big data, FII activity, auto sales, global indices are set to influence the market
Ola Electric Mobility
The company has launched its ‘#HyperService’ campaign with the aim of doubling its service network to 1,000 centers by December.
NHPC
NHPC has formed a 50:50 joint venture with Andhra Pradesh Power Generation Corporation (APGENCO).
The Power of Trust
The board of Reliance Group is expected to meet on October 3 to consider raising funds for its long-term utilities.
GAIL (India)
PSU has extended the time to complete the two pipeline projects by eight months.
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