Stocks to watch: Biocon, HMA Agro, IDFC, IDFC First Bank, Hindustan Zinc, Bajaj Finance
Stocks to watch: Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, on Monday announced that HULIO® (adalimumab-fkjp) injection, a biosimilar to Humira® (adalimumab), is now available to patients in the United States after five years of experience in Europe and two years in Canada.
Stocks to watch: GIFT Nifty indicates a positive start to trading on Dalal Street on Tuesday. On the global front, Japan’s Nikkei share average fell on Tuesday as investors exited some bullish positions after the benchmark index closed at a 33-year high in the previous session. A market holiday in the US added to the cautious mood. The Nikkei fell 1.08 per cent to 33,389.28 by the midday break, after ending at 33,753.33, its highest close since March 1990, on Monday
Here's a look at the stocks that are expected to remain in focus today:
IDFC, IDFC First Bank: IDFC First Bank said on Monday its board had approved its merger with IDFC Ltd, subject to regulatory approvals. IDFC First Bank said its proposed deal would boost the bank's standalone book value by 4.9 per cent as of March 31, 2023, and aims to increase its balance sheet by 20-25 per cent per year in the near to medium term. READ MORE
HMA Agro: The shares of the company are slated to be listed today.
Biocon: Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, on Monday announced that HULIO® (adalimumab-fkjp) injection, a biosimilar to Humira® (adalimumab), is now available to patients in the United States after five years of experience in Europe and two years in Canada.
Avenue Supermarts: The company, in its Q1 business update, said its standalone revenue from operations for the quarter ended (QE) June 30, 2023, stood at Rs 11,584.44 crore. The total number of stores as of June 30, 2023, stood at 327.
Hindustan Zinc: Highest-ever mined metal production in the first quarter at 257kt, up 2 per cent YoY on account of higher ore production largely at Rampura Agucha & Kayad mines supported by improved mined metal grades and better mill recovery. In line with mine preparation activities being carried out every year in the first quarter, mined metal production was lower by 15 per cent QoQ.
Bajaj Finance: Non-bank lender Bajaj Finance, in its Q1 business update, said the new loans booked during the first quarter of FY24 grew by “34 per cent to 9.94 MM compared to 7.42 MM” in FY23.
Vedanta: In its Q1 business update, the company informed that alumina production at the Lanjigarh refinery decreased by 18 per cent YoY and 4% QoQ. The cast metal Aluminium production increased 2 per cent YoY and 1 per cent QoQ to 579 kt due to efficiency in the operations.
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