Stocks in focus: VRL Logistics, Sun Pharma, Paytm, other stocks worth tracking
VRL Logistics, Sun Pharmaceutical Industries, One 97 Communications (the parent of digital payments company Paytm) and Alembic Pharmaceuticals among others are in focus on the back of either stock-related news or various corporate actions on Monday, March 27, 2023.
Indian equity benchmarks Sensex and Nifty50 held on to the green after a mildly positive start on Monday, March 27, 2023. Here's a look at some of the key stocks in focus on Dalal Street, including VRL Logistics, Sun Pharma, One97 Communications (Paytm) and Alembic Pharmaceuticals.
VRL Logistics: VRL Logistics said it will close the buyback of shares today. The company offered a total of 8.75 lakh equity shares at Rs 700 each.
NSE: The National Stock Exchange (NSE) has announced to decrease the transaction charges by 4 per cent. This will be in effect from April 1. It increased the charges in 2021 and is taking back the increased charges now.
Bharat Electronics: The company has received orders of Rs 4,300 crore to supply warfare systems to the Indian Army and Indian Navy, the defence PSU said.
Sun Pharmaceutical Industries: Sun Pharmaceutical announced that it is buying 60 per cent stake in Vivaldis Health & Foods for Rs 143.30 crore from its existing shareholders.
The pharma company will acquire the remaining 40 per cent stake also in future as per certain terms and conditions, according to a regulatory filing.
Alembic Pharmaceuticals: Alembic Pharmaceuticals informed that the US health regulator has issued a Form-483 with two minor procedural observations following the inspection of its injectable and ophthalmic facility (F-3) located at Karkhadi in Gujarat. The US Food and Drug Administration (USFDA) inspected the plant from March 16-24, 2023, the company said in a regulatory filing.
One 97 Communications: The Reserve Bank of India (RBI) has extended the deadline for Paytm Payments Services Ltd to reapply for a payment aggregator licence. However, RBI has not lifted restrictions on onboarding new online merchants, Paytm's parent company One 97 Communications Ltd said on Sunday, 26 March 2023.
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