Stocks in Focus on January 16: Dr Reddy’s, Jet Airways to Asian Granito; here are the 5 newsmakers of the day
Both Sensex and Nifty climbed more than a per cent amid global markets and heavy buying by domestic institutional investors. But there were certain stocks that came in the news after the market was closed for trading on the day and can have an impact in the market.
Benchmark indices on Tuesday, January 15, 2019, snapped three sessions' losing streak. Both Sensex and Nifty climbed more than a per cent amid global markets and heavy buying by domestic institutional investors. But there were certain stocks that came in the news after the market was closed for trading on the day and can have an impact in the market when it is reopened for trade on Wednesday, January 16, 2019. List of five such stocks:
Dr Reddy’s Laboratories: The Indian multinational pharmaceutical company has said that the US health regulator, USFDA, has issued a Form 483 with four observations after inspecting its formulations at Srikakulum Plant (SEZ) unit I in Andhra Pradesh. The Hyderabad-based company in its regulatory filing has said that they are addressing the concerns.
Jet Airways: The lenders of the cash-strapped airline will meet today, January 16, to flesh out a restructuring plan.
Dewan Housing Finance Corporation (DHFL): Rakesh Jhunjhunwala has reduced his stake in the Mumbai-based deposit-taking housing finance company by 0.73 per cent to 2.46 per cent.
Indoco Remedies Limited: The Mumbai-based pharmaceutical company is planning to sell a part of its domestic business, which includes some of its brands like Oxipod, in a deal valued at about Rs 600- crore. For the purpose, the company is in initial discussions with investors like Lupin, Zydus Cadila and equity funds including Temasek Holdings and TPG Capital Management.
Asian Granito India: GMO Emerging Dom opportunities Fund has sold 3.21 lakh, or 1.07 per cent equity, shares of the company. Shares were sold atRs130.09/share.
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