SpiceJet, Nestle, Aurobindo Pharma 15 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Aurobindo Pharma Ltd: The pharma company has announced that it has received US FDA nod for Sildenafil Tablets. Sildenafil Tablets is used in treatment of Pulmonary Arterial Hypertension.

Pfizer: The pharma company is planning to acquire Botox maker Allergan Plc for more than $150 billion. The deal would involve Pfizer paying with 11.3 of its shares for each Allergan share.

SpiceJet: SpiceJet, the country’s favourite low-cost carrier, today announced that it has yet again achieved the highest passenger load factor (PLF) of 92.1% for the month of October 2015, according to data published by the Director General of Civil Aviation.

Nestle India has so far sold 3.3 crore packs of its Maggi instant noodles in 350 towns across the country since the relaunch last week. The company says that it is selling Maggi at 1.2 lakh outlets through 724 distributors.

La Opala RG Ltd: Houseware manufacturer La Opala RG Ltd has doubled its manufacturing capacity from 8,000 metric tonner per annum (MTPA) to 16,000 MTPA at its Sitarganj unit.

Adani Power: The Supreme Court on Friday upheld a Gujarat high court decision which had rejected a government notification imposing customs duty on electrical power transferred from a special economic zone (SEZ) to the domestic tariff area (DTA).

Cairn India: The Government may provide a 10-year extension to Cairn India for its Rajasthan oil exploration contract if the Vedanta group company agrees to increase the Centre’s royalty. The contract is set to expire in 2020.

UCO Bank: Uco Bank, which is part of the consortium of lenders to REI Agro, has filed a recovery suit in the debt-recovery tribunal (DRT) on behalf of all the lenders to recover unpaid debt, as per media reports.

Sanofi India, AstraZeneca : Sanofi SA and AstraZeneca PLC have announced a direct exchange of 210,000 compounds from their respective, proprietary compound libraries. The exchange represents a novel, open innovation model of collaboration between two leading pharmaceutical companies.


Strides Shasun Ltd: The pharma company has announced that it has received an approval from the US Food and Drug Administration (USFDA) for Dutasteride Sforgel capsule, 0.5mg. The product is ready for Day 1 launch.

Dr Reddy's Lab: Dr Reddy’s Laboratories has filed a complaint in a US court against AstraZeneca, as per media reports. The company has filed the petition against the AstraZeneca (AZ) after the Indian company was temporarily restrained by a US court from using purple colour for its generic version of Esomeprazole in the US market.

Crompton Greaves: The Honorable Bombay High Court has approved the scheme of demerger of the consumer products business unit of the Crompton Greaves Limited (CG) into CG's wholly owned subsidiary Crompton Greaves Consumer Electricals Limited (CGCEL).

Patel Integrated Logistics Ltd: The company has announced hat a meeting of the Board of Directors of the Company will be held on November 27, 2015, to consider and approve the item of raising of funds up to amount of Rs. 20.00 crore through issue of equity shares and equity warrants on preferential basis to non promoter investor(s) as the board may deem fit subject to shareholder’s approval and in compliance with the applicable laws and to discuss and take up any other matter as the board may deem fit and consider necessary.

MRF: The company will set up a Rs. 9 billion facility in Medak district of Telangana. The company has received the formal approval from the State Government to set up the manufacturing facility.

Sobha Ltd: The real estate company has tied up with Chintels India to develop a group housing project comprising of 1,700 flats in Gurgaon at an estimated cost of Rs. 1,000 crore.