New Delhi: Indian indices closed higher amid an escalation of tensions in the Middle Eats and indications of a potential rate cut by the US Federal Reserve. The Sensex closed 611.90 points higher at 81,698.11. During the day, while the Nifty jumped 187.45 points to 25,010.60. Here are stocks that are likely to remain in focus on Tuesday, August 27, 2024:
Akums Drugs: The company reported a Q1 consolidated net profit of Rs 60 crore compared to a net loss of Rs 182 crore in the year-ago period.
Alembic Pharma: The domestic drugmaker has received the USFDA’s nod to make generic medication for scalp psoriasis.
Aurobindo Pharma: The drug maker has recalled 240 bottles of pain-relief medication Healthy Living Acetaminophen, Aspirin (NSAID) and caffeine tablets products in the US on account of manufacturing issues flagged by the US FDA.
BHEL: The state-owned company secured an order worth over Rs 11,000 crore to set up 3 thermal power projects for Adani Power and its unit Mahan Energen.
Glenmark Pharma: The company’s US unit has agreed to recall 2,404 bottles of Indomethacin Extended-Release Capsules, after failing to meet USFDA requirements.
KPI Green Energy: The company secured letters of intent for green energy projects up to 13.30 MW capacity.
Medi Assist Healthcare Services: The company agreed to acquire Paramount Health Services & TPA for more than Rs 400 crore from Fairfax Asia and Nayan Shah & family. The deal is expected to boost Medi Assist’s industry share of the TPA space.
MedPlus Health Services: Private equity giant Warburg Pincus sold its 11.35 per cent stake in MedPlus for Rs 836 crore in the open market with the Singapore government and ICICI Prudential acquiring 5.2 per cent of the stake sold, according to NSE data.
Ultratech: The cement maker raised $500 million via a sustainability-linked loan, funded by six banks.
Vedanta: The commodities giant has stacked up Rs 30,000 crore of dry powder via fundraising activities including the Vedanta QIP, the Hindustan Zinc offer for sale and interim dividend payment to take forward its deleveraging plans.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks in News Today: From Alembic Pharma to Vedanta, here are stocks that are likely to remain in focus on Tuesday, August 27, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
