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Buzzing Stocks… with EZ Wealth – September 27, 2021

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67747″ img_size=”large” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]As on 11:00 AM:

AstraZeneca Pharma (stock up 1.15%): Drug firm AstraZeneca Pharma India said it has received import and market permission from the Indian drug regulator for Selumetinib capsules.

Biocon (stock down 0.62%): Biotechnology major Biocon said the US health regulator has issued six observations after the inspection of the manufacturing facility of its Malaysian subsidiary Biocon Sdn Bhd. The USFDA conducted an on-site pre-approval inspection of the company’s Malaysian subsidiary Biocon Sdn Bhd’s manufacturing facility for Insulin Aspart between September 13 and September 24.

Dalmia Cement (stock down 1.80%): The cement maker said it has commenced commercial production from the second line (Line 2) having a capacity of 2.25 million tonnes at its Kapilas Cement Manufacturing Works (KCMW) unit near Cuttack in Odisha

HDFC Bank (stock up 1.5%): The country’s largest private sector lender, on Sunday said it aims to double its rural reach to two lakh villages, which will see it hire 2,500 people in the next six months.

Info Edge (stock down 0.50%): The company said its subsidiary, Makesense Technologies Ltd, intends to file a fresh scheme of amalgamation with PB Fintech – which operates Policybazaar – after the latter’s IPO. In April, Info Edge had announced the merger of Makesense Technologies and PB Fintech

Jindal Steel and Power (stock down 0.1%): The steelmaker aims to start mining at Kasia iron ore block within a month, its Managing Director V R Sharma said. The integrated steelmaker on Thursday announced bagging of the block, which has total reserves of 278 million tonnes (MT)

NHPC (stock down 0.30%): State-owned hydro power giant NHPC said its board has approved the proposal to form a subsidiary for the development of renewable energy, small hydro and green hydrogen projects.

NTPC (stock up 0.50%): State-owned power giant NTPC has bagged 1.9 GW solar projects in CPSU Scheme-II tender. With this, NTPC now has over 6.3 GW capacity won through competitive biddings

NBCC (stock up 2.48%): State-owned NBCC said it has bagged a Rs 968 crore contract, its biggest order in the overseas market, for the construction of 2,000 social housing in Maldives. In a regulatory filing, NBCC informed that it has secured the work order of construction of 2000 Social Housing at Hulhumale, Maldives on EPC basis

Nahar Spinning Mills (stock down 1.06%): CRISIL has upgraded rating outlook on the company’s long term bank facilities to A/Stable from A-/Stable and on the short-term bank facility to A1 from A2+

Orient Cement (stock up 1.21%): The company has entered into a non-binding Memorandum of Understanding with Adani Power Maharashtra for establishing a cement grinding unit in Maharashtra

PVR (stock up 5.2%): Theatres, auditoriums will be reopened in Maharashtra from October 22, 2021.

SJVN (stock up 2.23%): The company has bagged a 1000 MW solar power project through Request for Proposal floated by Indian Renewable Energy Development Agency. The tentative cost of construction and development of this project is Rs 5,500 crore.

Reliance Infrastructure (stock up 5%): The company said its board has approved raising up to Rs 750 crore by issuing foreign currency convertible bonds (FCCBs) on a private placement basis.

Vodafone Idea (stock down 2.61%): The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of debt-ridden Vodafone Idea has said.

United Breweries (stock down 3.03%): Competition Commission imposed penalties totalling over Rs 873 crore on United Breweries Ltd, Carlsberg India, All India Brewers’ Association (AIBA) and 11 individuals for cartelisation in the sale and supply of beer.

TVS Motor (stock up 1.88%): The Chennai-based company will launch a complete range of electric two and three-wheelers with power output ranging from 5 to 25 kilowatts in the next two years as it seeks to play a leading role in the country’s emerging electric vehicle space, according to a top company official.

Zee Entertainment Enterprises (stock down 1.13%): The largest investor Invesco reiterated its call for an extraordinary general meeting (EGM) to discuss the ouster of three directors and the inclusion of six independent board members, signalling that the tussle for control continues

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