Stocks to Watch: Adani Wilmar, Lupin, Sun Pharma, BHEL, Som Distilleries & others in news
Here are the top stocks that could be in focus in today’s trade:
Adani Wilmar: Adani Wilmar reports robust double-digit volume growth driven by packaged staple foods and efficient execution. The company’s rural sales surge as it expands its distribution network, with Food & FMCG business experiencing a 25% YoY revenue growth and an 18% underlying volume growth for the quarter.
Sun Pharma: Sun Pharma plans to acquire a 37.76% stake in Ezerx Health Tech Private Limited for approximately Rs. 29 crore, focusing on non-invasive diagnostic and ancillary medical devices.
Lupin: Lupin secures tentative approval from the US FDA for Tolvaptan Tablets, marking a significant step toward launching a generic equivalent of Jynarque Tablets, a product with an estimated annual sales of USD 287 million in the US.
Valiant Laboratories: The pharma company is set to debut on the stock market on October 6, with an issue price of Rs. 140 per share and an allotment date of October 4.
JLR: Jaguar Land Rover reports impressive wholesale volume growth of 29%, totaling 96,817 cars in the latest quarter, demonstrating resilience despite a two-week summer plant shutdown.
KPI Green: KPI Green receives new orders for 12.10 MW of solar power projects. The company did not disclose the monetary value of the order.
Bharat Heavy Electricals Ltd. (BHEL): BHEL wins two awards in arbitration proceedings against Jaiprakash Power Ventures Limited, marking a legal victory for the company.
Som Distilleries: Som Distilleries authorizes the opening of an issue as of October 5, 2023, and approves a floor price of Rs 349.24 for the issue.
JCT Limited: Chief Financial Officer Kapil Raj Luthra resigns from JCT Limited, citing personal reasons, effective October 3, 2023.
Morarjee Textiles: Amresh Narayan resigns as Whole-Time Director and CEO of Morarjee Textiles, effective immediately from October 4, 2023.
Organic Recycling Systems: The waste management solutions company prepares to list its equity shares on the BSE SME on October 6, with an issue price of Rs 200 per share, available for trading in the trade-for-trade segment for the next 10 days.
Vinyas Innovative Technologies: Vinyas Innovative Technologies will make its debut on the NSE Emerge on October 6, with an offer price of Rs 165 per share, also available for trading in the trade-for-trade segment.
Cantabil Retail: Cantabil Retail’s Board of Directors schedules a video conferencing meeting on October 21 to consider and approve the record date for a potential stock split or sub-division.
