Top 5 stocks in focus on July 5: Biocon, Yes Bank to Bharat Road, here are the 5 newsmakers of the day
Religare Finvest Limited has filed an insolvency application against Bharat Road for initiation of Corporate Insolvency Resolution process against the Company, claiming a default of about Rs 51.30 crore.
Indian markets closed in the green on Wednesday but there were certain stocks that made news on the day. Their impact on the market will be visible on Thursday, .i.e., on July 5, 2018. Here is a list of those 5 stocks:
Biocon: The Biopharmaceutical company in its filing to BSE on July 4, 2018, said that it has received EU GMP certification for its sterile drug product manufacturing facility in Bengaluru. The facility was inspected by the European agencies in March 2018. This facility is used for the manufacture of Biocon's portfolio of biosimilars.
Yes Bank: The private lender on Wednesday said that it has received final regulatory approval from the Securities & Exchange Board of India (Sebi) to start mutual fund business. The fund house will be called Yes Asset Management (India) Limited (YAMIL) and it is going to be a wholly owned subsidiary of YES Bank.
Bharat Road Network Limited: Religare Finvest Limited has filed an insolvency application against Bharat Road for initiation of Corporate Insolvency Resolution process against the Company, claiming a default of about Rs 51.30 crore.
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Future Lifestyle: The company on Wednesday said that it will acquire 29.9 per cent stake in London-listed e-commerce fashion firm Koovs for approximately Rs 140 crore (GBP 15.3 million ). Future Lifestyle Fashions is part of Kishore Biyani-led Future group.
Force Motors: The company on Wednesday presented its production and sale (Domestic & Export) data for June 2018. The company's June 2018 production stood at 2,484 units. And it sold 2545 units in the domestic markets, while its exported 124 units.
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