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Top Ten Stocks to be Focused for 2 Nov 2016

Top Ten Stocks to be Focused for 2 Nov 2016

Lupin: The pharma major on Tuesday informed bourses that it has received final approval from the USFDA to market norgestimate and ethinyl estradiol tablets marked for use by females of reproductive potential to prevent pregnancy. “We have received final approval for norgestimate and ethinyl estradiol tablets USP, 0.25 mg/0.035 mg, from the United States Food and Drug Administration (FDA) to market a generic version of Janssen Pharmaceuticals Ortho-Cyclen 28 tablets,”  a company statement said today.

Jubilant Life Sciences: The company has received approval from the US health regulator to market Rosuvastatin Calcium tablets, used for the treatment of hyperlipidemia, in the American market.

Dabur: FMCG major Dabur on Tuesday said it will acquire the personal care, hair care and creams businesses of the South African based-CTL group of companies in a deal valued at $1.5 million (Rs 10 crore). The acquisition will mark Dabur’s entry into the South African personal care market, the company said in a statement.

Coal India: Coal India on Tuesday registered a marginal decline in its production in October to 43.51 million tonnes (mt) compared to 44.37 mt produced in the same month last year. According to provisional data, its off-take for the last month stood at 43.04 mt, down marginally from 44.41 mt from in the year-ago month.

Dena Bank and State Bank of Bikaner and Jaipur: Both public sector lenders on Tuesday slashed benchmark lending rates by up to 0.1 per cent.

VST Industries: VST Industries on Tuesday after market hours reported 11 per cent rise in net profit at Rs 35.30 crore for the quarter ended September 30, 2016 against Rs 31.79 crore in the corresponding quarter a year ago.

Amtek Auto: The auto ancillary company is expected to shortlist bidders for its German division Tekfor as soon as next week.

Majesco: The company on Tuesday reported a consolidated net profit of Rs 7.11 crore for the quarter ended September 30, 2016 against net loss of Rs 0.78 crore in the same quarter a year ago.

NBCC: Railway minister Suresh Prabhu’s plan to redevelop 100 stations into world-class terminals in partnership with corporations is set to get a big start with state-run real estate company National Buildings Construction Corporation picking up 10 stations for revamp at an estimated cost of Rs 5,000 crore.

Tata Motors: Jaguar Land Rover, a wholly owned subsidiary of Tata Motors, reported 7 per cent year-on-year rise in US October sales figures.

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