Stocks in Focus on January 18: Indigo, Aurobindo Pharma to NMDC; here are the 5 newsmakers of the day
IndiGo stocks are also in focus today. The Ministry of Civil Aviation has banned Indigo from flying Airbus A320neo aircraft having Pratt and Whiney engines to Andaman and Nicobar Islands’ capital Port Blair.
Benchmark domestic stocks on Thursday closed with marginal gains but there were certain stocks that came in the news after the market was closed for trading. These stocks can have an impact on the market when it reopens for trading on Friday, January 18, 2019. Here is the list of such stocks:
IndiGo: The Ministry of Civil Aviation has banned Indigo from flying Airbus A320neo aircraft having Pratt and Whiney engines to Andaman and Nicobar Islands’ capital Port Blair. Earlier, the aircraft had suffered a technical glitch in the P&W engine. Besides, the company’s plan to fly low cost long haul flights to Europe not received the regulatory approvals for flights to London. In fact, there will be no flights to European destinations in the next six months.
Aurobindo Pharma Ltd: The company on Thursday said that it will acquire seven branded oncology injectable products from Spectrum Pharmaceuticals Inc. Acrotech Biopharma LLC, a wholly-owned subsidiary of Aurobindo Pharma USA Inc. will acquire the assets on a debt free and cash free basis in a $300 million (over Rs2,100 crore) deal which includes an upfront cash payment of $ 160 million (over Rs1136 crore).
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NMDC Limited: The state-owned iron ore producer NMDC will open its buyback plan of 10,20,40,815 shares fully paid-up equity shares of the company worth Rs1,000 crore today, January 18, 2018.
GIC Housing Finance: Fidelity Funds has bought 6,99,673 shares, or 1.30 per cent, equity of GIC Housing at Rs267.49 each on NSE.
Waterbase Limited: Its promoter KCT Management services has acquired 47 shares between January 10-14, 2019.