Stocks in Focus on October 23: Piramal Enterprises, Jubilant Life to JMC Projects; here are the 5 Newsmakers of the Day
Piramal Enterprises, Jubilant Life Sciences, Sterling & Wilson, Indiabulls Housing Finance and JMC Projects India are top five expected newsmaking stocks today.
Snapping a six-session winning rally, the domestic stock markets closed with losses of more than half a per cent on Tuesday, October 22, 2019. However, certain stocks came in news after the market was closed for trading purposes and can have an impact on the indices when it reopens on Wednesday, October 23, 2019. Here is a list of five such stocks:
Piramal Enterprises Limited: The board of directors of Piramal Enterprises Limited is scheduled to meet on October 25, 2019, to consider the proposal for raising of funds up to Rs5,300.
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Jubilant Life Sciences Limited: The company on Tuesday announced that Jubilant Pharma Limited, a material wholly-owned subsidiary of Jubilant Life Sciences Limited, has received Abbreviated New Drug Application (ANDA) final approval for Clomipramine Hydrochloride Capsules USP 25mg, 50mg and 75mg. The capsules are used for the treatment of obsessions and compulsions in patients with Obsessive-Compulsive Disorder (OCD).
Sterling & Wilson: The company on Tuesday said that it has received a Letter of Intent (LoI) for an engineering, construction and procurement order for a 1.09 GW DC Solar Farm in the Middle East of a value of approximately Rs4445 Crore (USD 635 million).
Indiabulls Housing Finance Ltd: AQR Emerging Equities Fund sells 40 lakh shares of Indiabulls Housing Finance at Rs233.96 apiece. JMC Projects (India) Limited (JMC), a subsidiary of Kalpataru Power Transmission Limited, is India's one of the leading contracting company.
JMC Projects India: JMC Projects India, a civil engineering and EPC company, has secured new orders of Rs1,059 crores. The order includes residential and commercial building projects in south and north India totalling Rs782 crores. It has also won a water supply project in Jharkhand for Rs277 crores.