STOCKS IN FOCUS (03rd Nov 2026)

STOCKS IN NEWS

• Lupin: The pharmaceutical company has received approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Amifampridine Tablets, 10 mg. The tablets are bioequivalent to Catalyst Pharmaceuticals’ reference listed drug (RLD), Firdapse Tablets. Lupin is among the first ANDA applicants and is eligible for 180 days of shared generic exclusivity.

• NBCC India: The company has signed Memorandums of Understanding (MoUs) with various Bihar government departments to undertake four redevelopment projects in Patna under Phase I. The projects have an estimated sale and lease value of ₹5,152 crore and will be executed at a tentative cost of ₹2,000 crore without any budgetary support from the state government.

• GRSE: The shipbuilder has signed a ₹32,000-crore contract with the Indian Navy for the construction of five next-generation corvettes.

• Trident: The company has approved an expansion plan worth ₹4,650 crore, involving the establishment of a new yarn plant and additional capacity expansion.

• Dr. Reddy’s Laboratories: Shares will remain in focus after the company received tentative USFDA approval for its twice-yearly injectable HIV prevention treatment.

• Indigo Paints: The company plans to increase product prices by 5–6% to offset the impact of rising crude-linked input costs.

• Castrol India: Shares will remain in focus after BP completed the sale of its Castrol ownership chain, with Stonepeak acquiring a 51% indirect stake in Castrol India. BP will retain a 35% indirect interest through the acquiring entity.

• ACME Solar: The company has commissioned 66.68 MW of the solar component of its hybrid power project in Bikaner. Its subsidiary, ACME Renewtech, has commissioned 200.04 MW of the project’s total planned capacity of 300 MW.

• Mazagon Dock Shipbuilders: The company clarified reports regarding potential partnerships for shipyard hubs, stating that it is evaluating investment options and financing arrangements for shipbuilding hubs and clusters.

• Belrise Industries: The company has entered into a licensing agreement with Japan-based Yamato, covering manufacturing support for several products.

• Samvardhana Motherson: The Motherson Group has signed an agreement with Singapore’s Nanyang Technological University (NTU) to advance magnetic curing technology for manufacturing applications.

• ITC: The company’s Board has approved a scheme of amalgamation involving its subsidiary, Sproutlife Foods, and ITC.

• Sudarshan Chemical: The company’s subsidiary, Sudarshan Germany Horizons, has completed the sale of its entire 100% stake in VP4 Frankfurt to Celanese US Holdings.

• Lloyds Engineering: The company plans to invest ₹100 crore in its subsidiary, Steel Infra Solutions.

• TVS Holdings: Its subsidiary, HCIFPL, has allotted 12.55 crore shares at ₹38.55 per share, involving an investment of ₹483.91 crore in the finance subsidiary.

BULK DEALS

• EAAA India Alternatives: Carnelian Asset Management, HDFC Asset Management Company and Larsen & Toubro collectively acquired 18.77 lakh equity shares, representing a 2.9% stake in alternative investment management platform EAAA India Alternatives, through open-market transactions.

• Go Fashion India: Promoter entity Mahalakshmi Electronics acquired an additional 10.1 lakh shares, representing 1.92% of the company’s paid-up equity capital, for approximately ₹24.75 crore at ₹244.89 per share.

• One MobiKwik Systems: Bank of India Mutual Fund acquired 6.9 lakh shares, representing 1.31% of MobiKwik’s paid-up equity capital, for approximately ₹15.53 crore at ₹225.13 per share.

• Womancart: Nexus Global Opportunities Fund acquired 1.1 lakh equity shares, representing a 1.33% stake in the company. The transaction was valued at approximately ₹89.81 lakh at ₹81.65 per share.

Source: Moneycontrol, Business Standard

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