Top 5 stocks in focus on July 17: Jai Bharat Maruti, UPL Limited to Britannia, here are the 5 newsmakers of the day
The Indian domestic market on Monday closed in red and is set for a flat opening on mixed cues. But there were certain stocks that came news on the day and may have its impact on the market Today, .i.e. on July 17, 2018.
The Indian domestic market on Monday closed in red and is set for a flat opening on mixed cues. But there were certain stocks that came news on the day and may have its impact on the market Today, .i.e. on July 17, 2018. Find the top five newsmakers of the day:
Jai Bharat Maruti: The companies Q1 profit rose 33 per cent to 13.44 crore versus 10.12 crore and the revenue from operations went up to Rs 505.9 crore from Rs 434.67 crore year on year (YoY).
Sintex Plastics Technology: The companies Q1 profit declined by 47 per cent to Rs 37.53 crore versus Rs 70.56 crore (YoY). Its revenue from operations also went down by 12.2 per cent from Rs 1,509 crore to Rs 1,325 crore (YoY) but increases 2.5 per cent from Rs 1,292.56 crore (QoQ).
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UPL Limited: Reports suggest that the leading global generic agro-chemical company is in talks to buy the farm pesticide business of Arysta LifeScience. The acquisition said to be one of the largest outbound deal by an Indian company, is expected to have a value of more than 3 billion dollars.
Ajanta Pharma: Reports are there that the pharma company has come under the regulator's scanner for allegedly selling unapproved fixed-dose combinations (FDCs) manufacture by a Puduchhery-based pharma company, Safetab Life Sciences. However, the company's spokesperson has said that it has not received any communication from DCGI and further said that it markets legal drugs manufactured by Safetab Life Sciences.
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Britannia Industries: The FMCG major has opened its Rs 170-crore manufacturing plant in Assam. It also announced plans to hire a total of 1,000 people, of which 70 per cent are women. The unit is its largest greenfield facility.