Stock Insights : Aurobindo Pharma, Avenue Supermarts, GAIL, Himadri Speciality Chemical, IDBI Bank, ITC,L&T, Lupin,Mahindra Lifespace Developers,PNB, Power Mech Projects, Tata Motors - ARETE Securities Ltd
Market Updates
The markets are expected to open marginally higher today astrends in GIFT NIFTY indicate a positive start for the broader indexafter NIFTY closed 346 points lower at 24,578 on Tuesday.
Aurobindo Pharma
The company’s step-down subsidiary CuraTeQ Biologics received UK MHRAapproval for filgrastim biosimilar Zefylti, expanding biosimilar clusters.
Avenue Supermarts
The company opened a new store in Punjab, taking its total store count to 420.
GAIL
The company signed an MoU with Karnataka Govt to develop up to 1 GWrenewable energy projects across the state within five years.
Himadri Speciality Chemical
The company approved Rs.81.48 crore investment in Sicona BatteryTechnologies (Australia) via CCNs over 18 months and signed a technologylicensing pact to manufacture silicon-carbon anode materials in India usingSicona's SiCx® battery tech.
IDBI Bank
The bank divested its entire 21.14% stake in PIPDIC to the Government ofPuducherry for Rs.18.83 crore, with completion expected by May 16, 2025.
ITC
The company divested its entire 39.32% stake in Delectable TechnologiesPrivate Limited (DTPL), comprising 7,759 CCPS and 2,386 Equity Shares.
L&T
The company secured large EPC orders from CPWD for Common CentralSecretariat and Andhra govt for State Legislative Assembly, both to be builtin 18 months.
Lupin
The company launched Tolvaptan Tablets (15-90 mg) in the U.S. with 180-dayexclusivity for treating autosomal dominant polycystic kidney disease (ADPKD).
Mahindra Lifespace Developers
The company’s Board approved a Rs.1,500 crore rights issue to reduce debtand support future growth plans, with terms to be finalized later.
PNB
The bank entered an agreement to sell its entire stake in India SME AssetReconstruction Company Limited (ISARC) for Rs.34.05 crore, expected tocomplete by Q1 FY 2025-26.
Power Mech Projects
The company secured a Rs.971.98 crores order from Telangana PowerGeneration Corporation Limited for the construction of an integratedtownship, to be completed in 30 months.
Tata Motors
The company allotted Rs.500 crore unsecured listed NCDs via privateplacement in two tranches to Axis, Yes, and ICICI Bank.
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