Stocks in the news: Airtel, UPL, Lupin, SBI Cards, HUL and auto stocks

Nifty futures on the Singapore Exchange traded merely 0.5 points, or 0.01 per cent lower at 15,722, signaling that Dalal Street was headed for a flat start on Friday. Here are a dozen stocks which may buzz the most in today’s trade:


Auto stocks: The automobile manufacturers, whether two-wheeler or four-wheeler, will report their number of units sold for the month of June 2022. Auto companies mandatorily share the monthly sales data for the previous month on the first date of every new month.

Bharti Airtel: The telecom operator said it has opted to defer the payment of AGR dues up to FY 2018-19, that are not tabulated in the Supreme Court’s order, by up to four years. It has retained the right to pre-pay instalment amounts and would not avail the option of conversion of the interest dues that would accrue into equity.

UPL: The agrochemical firm company has acquired 100 per cent holding in Nature Bliss Agro (NBAL) and, NBAL becomes a wholly-owned subsidiary of the company. NBAL proposes to carry out the business of manufacture and sale of crop protection and allied products, which has synergy with the existing business activities of UPL.

Hindustan Unilever: The CEO and managing director of the FMCH major Sanjiv Mehta will be appointed as president commissioner (non-executive chairman) of Anglo-Dutch FMCG major Unilever’s Indonesia business. He will join the company’s board of commissioners and chair the same in a non-executive capacity.

Lupin: The drug maker said it has received approval from the US health regulator to market Paliperidone extended-release tablets, used to treat Schizophrenia, in the American market.

Card and Payment Services: The country’s largest pure-play credit card company along with Aditya Birla Finance on Thursday announced the launch of a co-branded credit card. The ‘Aditya Birla SBI Card’ is a co-branded credit card offering significant reward points to customers on their purchases various sectors.

Indian Bank: The state-owned lender has raised the Marginal Cost of Funds based Lending Rates (MCLR) across tenors by 0.15 per cent with effect from Sunday. The benchmark one-year tenor MCLR — against which most of the consumer loans are based upon — will be 7.55 per cent as against 7.40 per cent presently.

Hindustan Copper: The state-owned metal player said that its board has suggested seeking shareholders’ approval to raise up to Rs 500 crore through debentures. The board has also recommended taking the approval of the shareholders in the ensuing annual general meeting for raising funds by issue of equity shares through QIP.

Kalyan Jewellers: The jewellery retailer said that the opening of three new showrooms — two in Maharashtra and one in Delhi — is part of the company’s plan to revamp focus on entering tier II and III markets while continuing to expand its presence in metro cities.

Novartis India: The drug firm said its division Sandoz Technical Operations has inaugurated a new manufacturing facility in Maharashtra. The plant at Kalwe would produce oral cancer medicines for the global markets and will play a key role towards enabling the delivery of high-quality cancer treatment.

Transport Corporation of India: The logistics firm is expecting its less-than-truckload business accounting for 40 per cent of the full truck-load business in the next three years.

HealthCare Global Enterprises: The promoter of healthcare diagnostics firm offloaded the company’s shares worth Rs 50 crore through an open market transaction. According to block deal data available with BSE, B S Ajaikumar sold 17,50,500 shares of the company for an average price of Rs 285.65 apiece.

: The debt-ridden firm has announced another default, this time on payment of interest of Rs 6.15 crore for its non-convertible debentures. The due date for payment was June 29, 2022.

Zydus Lifesciences: The drug maker said it has received final approval from the US health regulator to market its generic Lacosamide injection, which is used to treat partial-onset seizures. The approval granted by the US Food and Drug Administration (USFDA) is for Lacosamide injection of strength 200 mg/20 ml (10 mg/ml) single-dose vials.

Globus Spirits: The breweries firm will be providing various services starting from engineering to ongoing operations, maintenance, and marketing services for distillery assets owned by Tilaknagar Industries. The company will get service fee as a share of EBIDTA generated by the distillery assets.

ABB India: The utility firm said it has been roped in by THINK Gas, which is into city gas distribution business, to provide a digital solution to maximise efficiency of its expansive network.

Blue Star: The rating agency CARE has reaffirmed its long term, and short term rating on credit facilities and non-convertible debentures at AA+, but revised the outlook from ‘Negative’ to ‘Stable’ based on healthy recovery and demand for air-conditioning and refrigeration products.post the ebbing of the second wave of the pandemic.

Ahluwalia Contracts (India): The real estate firm said that it has bagged a contract worth Rs 209 crore from D C Development Noida Ltd for construction of Adani Connex Data Centres in Uttar Pradesh. The Adani Connex Data Centres would be constructed at Sector-62, Noida.