Tripura News Point

Stocks to Keep an Eye on: Lupin, Polycab, Vedanta, Power Grid, IRCTC, and Delta Corp

<p><strong>Stocks to Monitor on January 10:</strong> The GIFT Nifty on the NSE IX down 42 points, or 0.19 percent, to 21,578.50 on Wednesday, indicating that Dalal Street was likely to have a poor start. These are a number of equities that will be watched closely today for different reasons.</p>
<p><img decoding=”async” class=”alignnone wp-image-345307″ src=”” alt=” stocks to keep an eye on lupin polycab vedanta power grid irctc and delta corp unt” width=”1070″ height=”713″ title=”Stocks to Keep an Eye on: Lupin, Polycab, Vedanta, Power Grid, IRCTC, and Delta Corp 6″ srcset=” 510w,×100.jpg 150w” sizes=”(max-width: 1070px) 100vw, 1070px” /></p>
<p><strong>Delta Corp:</strong> The company’s consolidated revenue for the third quarter fell by 15% YoY to Rs 231.7 crore. The net profit dropped to Rs 34.5 crore, a 59% decline.</p>
<p><strong>Vedanta:</strong> Moody’s reduced the corporate family rating of Vedanta Resources from Caa2 to Caa3, as well as the unsecured bond rating from Caa3 to Ca. It is still claimed that the outlook is bad.</p>
<p><strong>KIOCL:</strong> Because iron-ore fines aren’t readily available, the business has temporarily halted operations at its pellet factory in Mangalore.</p>
<p><strong>Power Grid:</strong> According to reports, the corporation intends to issue bonds today with a maximum amount of Rs 2200 crore. With a greenshoe option of Rs 1700 crore, the basic size is reportedly Rs 500 crore.</p>
<p><strong>Mahindra & Mahindra:</strong> The business will work with US-based Mobileye, a provider of automotive technology, to develop software solutions and investigate the possibility of developing a full-stack autonomous driving system.</p>
<p><strong>Power Finance Corp:</strong> The Reserve Bank of India sent a letter expressing its lack of opposition to the firm’s establishment of a finance business at the International Financial Services Center located in GIFT City, Gujarat.</p>
<p><strong>Lupin:</strong> With approval from the US FDA, the large pharmaceutical company introduced Bromfenac Ophthalmic Solution, 0.07 percent, in the US.</p>
<p>Sanjay Kumar Jain has been nominated by the Railway Ministry to be the Chief Managing Director of IRCTC.</p>
<p><strong>Steel Strip Wheels:</strong> As part of an insolvency resolution strategy, the business would invest Rs 138 crore in AMW Autocomponent Ltd. Following approval of its resolution plan for AMW Autocomponent by the National Company Law Tribunal’s Ahmedabad Bench, the board made its decision.</p>
<p><strong>Shyam Metalics and Energy:</strong> The firm exceeded expectations with bids totaling Rs 4,055 crore, 3.5 times the actual funds received, and successfully completed fundraising of Rs 1,385 crore via a Qualified Institutional Placement (QIP).</p>
<p><strong>Infibeam Avenues:</strong> The business and the government of Gujarat have signed an agreement for the firm to spend Rs 2,000 crore in the state by 2030.</p>
<p><strong>Polycab India:</strong> Dismissing allegations of tax evasion in the media, it claimed it has not heard from the income-tax department about the search’s results.</p>