Stocks to watch: Singapore traded Nifty50 futures rose 0.4 percent at 17,198.5 at 6:40 a.m. on Friday. Among the main shares to watch is Lupine, HDFC, Wipro, the hero of the Motocorp and Ambuja. Here is the best list of stocks to note:
Lupine The company received approval from the US FDA for additional new drug applications for Solosec (secnidazole) in adolescents for the treatment of bacterial vaginosis in women and trichomoniasis.
HDFC | A small increase in interest rates, which is already in “historic position”, will not affect the disbursement of loans or requests for homes, the HDFC Chair, Deepak Parekh, said at the CII-Anarock Real Estate Conclary.
MOTOCORP HERO | The Electric hero has resigned its application that is looking for orders against the Motocorp hero from using the hero brand name for its electric vehicle. The Arbitration Court to resolve disputes between the Motocorp and Hero Electric hero has been formed. Delhi HC has formed a court of 3 members from retirees.
Torrent Power | Crisil has increased the long-term credit ratings of non-conversion debt and company long-term bank facilities for ‘AA + / stable’ of ‘AA / Positive’ considering the strong profitability and sustainable increase in leverage levels. Crisil has reaffirmed its ranking at short-term bank facilities and commercial paper programs in ‘A1 +’.
Ambuja Cements | The sharp consolidation advantage fell by 55.5 percent to RS 431 Crore at Q4CY21, against RS 968 Crore at Q4CY20. Revenues rose 2.3 percent to Rs 7,625 Crore, against Rs 7,453 Crore during the same period. The company has approved the investment of the RS 3,500 Crore, for the planned expansion of the cement grinding. The company approved the final dividend at Rs 6.30 per share.
Veritas India | The benefits of consolidation in Q3FY22 fell 40 percent YoY to Rs 17.8 Crore, against Rs 29.5 Crore at Q3FY21. Revenues increased by 9 percent to Rs 459 Crore during the quarter, up from Rs 420.7 Crore in the last fiscal period last.
Surya India | Satyaprakash Gaur has submitted his resignation as a company’s Chief Financial Officer, because of personal commitment and to pursue other professional efforts.
Wipro | The company has appointed Jasjit Singh Kang as the Head of the Icore Digital & Platform Operation (Infrastruct Cloud Infrastructure, Digital Operation, Risk and Enterprise Cyber Security Services).
