Tuesday, 29 March 2016

Stocks buzzing at this hour - Prestige Estates climbs, Lupin falls

Check out the most important and latest stock news from NSE and BSE. Lupin was lower by 12.5% at Rs. 1309. Mandideep Unit has received 483 letter from US FDA, as per a report.

Lupin was lower by 12.5% at Rs. 1309. Mandideep Unit has received 483 letter from US FDA, as per a report.

Aurobindo Pharma
 slipped 3.5% to Rs.719 on BSE. The pharma compnay has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Rivastigmine Tartrate Capsules USP, 1.5 mg, 3 mg, 4.5 mg and 6 mg. This product is expected to be launched in Q1 FY16-17.

Prestige Estates was higher by 4.5% at Rs. 161. The company has announced that the Board of Directors, at its meeting, has accorded an in-principle approval for the merger of its wholly owned subsidiaries, Downhill Holiday Resorts Private Limited, Foothills Resorts Private Limited, Pennar Hotels and Resorts Private Limited, and Valdel Xtent Outsourcing Solutions Private Limited with the company.

NTPC Ltd has informed BSE that the Unit-3 of 660 MW of Mouda Super Thermal Power Station of NTPC Limited has been commissioned on March 28, 2016. The stock is currently trading lower by 0.12% to Rs.129.20 on the BSE.

Biocon Ltd was up by 1% at Rs. 483. The company announced that the Ministry of Health, Labour and Welfare (MHLW) of Japan has approved its biosimilar Insulin Glargine.

Rajesh Exports Ltd has announced that it has repaid loans availed for acquisition of Valcambi. The stock is currently trading at Rs. 602.50, up by 0.96% from its previous closing of Rs. 596.75 on the BSE.

Gloster Ltd has informed BSE that a meeting of the Board of Directors of the company will be held on March 29, 2016, inter alia, to consider Issue of Bonus Shares. The stock is currently trading at Rs. 580, down by Rs. 22.7 or 3.77% from its previous closing of Rs. 602.7 on the BSE.

Shares of Kotak Mahindra Bank were trading higher 1% at Rs. 676 on BSE today. Around 35 lakh shares were traded in a multiple block at Rs. 327.45 on the BSE. 

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