Stocks In Action: From Ambani To Tata, Today Will Provide Opportunity To Win, Action Will Be Seen In Stocks

Actions in action:If you also win in the stock market, this news may be useful to you. In fact, after the stock market closed on Friday, big updates have come on many companies. When the market opens on Monday, action will be seen in the stocks of these companies.

Stocks that may see action today include shares of companies ranging from Mukesh Ambani’s Reliance Industries to Anil Ambani’s Reliance Power, Tata Motors and Adani.

Action will be seen in these actions.

• Biocon: The company said the US Food and Drug Administration (US FDA) has completed surveillance inspection of its active pharmaceutical ingredients (API) plant in Bengaluru. The US FDA has issued four objections following the inspection conducted between September 23 and 27, 2024. The company’s shares closed at Rs 369.95 on Friday down 0.78 percent.
• Lupine: The US FDA has issued three objections to Lupine’s Pithampur plant in Madhya Pradesh. This company plant was inspected from September 16 to 27. This plant includes unit 1 API and finished product manufacturing. The company said the inspection concluded with three objections at the API and finished product sites. The pharmaceutical company is addressing these objections and will respond to the US FDA within the stipulated time frame.
• Adani Companies: Adani Group has reported that the joint venture (JV) unit of its subsidiary April Moon Retail has bought 74 per cent stake in Cococart Ventures for Rs 200 crore. “April Moon Retail Pvt Ltd, a joint venture company of Adani Airport Holdings Ltd, entered into a joint venture agreement with Cococart Ventures Private Limited and existing shareholders of CVPL, Karan Ahuja and Arjun Ahuja, for acquisition of shares of CVPL on 27 December”. “On Friday, shares of Adani Enterprises closed at Rs 3,137.65 with a gain of 0.48 per cent.
• Tata Motors: Tata Motors laid the foundation stone of its new vehicle manufacturing plant in Tamil Nadu. Tata Motors Group will invest Rs 9,000 crore in this greenfield manufacturing facility. The company will manufacture next-generation vehicles from both Tata Motors and JLR at the new plant. This facility is expected to create 5,000 new jobs. On Friday, the company’s shares closed at Rs 989.90 down 0.33 per cent. An increase of 61.20 percent has been observed in the last year.
• Dr Reddy: Dr Reddy’s Laboratories Ltd said on Friday (September 27) that it had invested $620 million in its wholly owned subsidiary Dr Reddy’s Laboratories SA, Switzerland (DRL SA). This investment is in line with the investment of up to £500 million ($640 million) approved by the company’s board to acquire the Nicotinell brand and related assets from Helion Group.
• IDFC FIRST Bank: The bank said its merger with IDFC Ltd has been completed. The bank has confirmed that it has received all necessary regulatory and shareholder approvals. This merger will be effective from October 1, 2024. It was reported in the exchange filing that the board in the meeting approved the merger of IDFC Financial Holding Company Limited (IDFC FHCL) with IDFC Limited and later of IDFC Limited with IDFC FIRST Bank. As part of the merger, shareholders of IDFC Limited will receive 155 IDFC First Bank shares for every 100 shares held in IDFC, the allotment of which will be based on the record date of October 10, 2024.
• BEL: Bharat Electronics Limited said the government has given its approval to the joint venture between the company and Israel Aerospace Industries Limited. This joint venture is for product support of the medium-range surface-to-air missile system used in India. The company has given this information to the Stock Exchange after the market closed. The stock closed above the Rs 293 level on Friday with a gain of over one per cent.
• Adani Energy: Adani Energy Solutions Limited (AESL) said on Friday (September 27) that Adani Electricity Mumbai Limited (AEML), a subsidiary of AESL, has entered into a Business Transfer Agreement (BTA) with its wholly owned subsidiary North Maharashtra Power Limited (NMPL). ). They have executed. The company’s shares closed at Rs 1,012 on Friday down 2.38 per cent.
• Zomato: The company’s co-founder and chief people officer, Aakriti Chopra, has resigned with immediate effect after a long 13-year tenure at the food delivery company. The company gave this information to the Stock Exchange on September 27. The company said Aakriti Chopra was promoted to the position of co-founder in 2021, ahead of the company’s initial public offering (IPO). On Friday, the company’s shares closed at Rs 278 down 2.08 per cent.
• Dependency infrastructure: The Calcutta High Court ruled in favor of Reliance Infrastructure and confirmed the arbitration award of Rs 780 crore against Damodar Valley Corporation (DVC). The court rejected DVC’s appeal and ordered the release of Rs 600 crore bank guarantee provided by Reliance Infrastructure. The company’s shares closed at Rs 328.70 on Friday down 0.027 per cent.
• RIL: Reliance Industries on Saturday, September 28, said the Center has approved the transfer of current affairs and non-news television channels owned by Viacom18 to Star India as part of the Reliance-Disney strategic venture. The company has informed the stock exchanges that this is subject to the conditions set by the Competition Commission of India. Last month, CCI approved the merger between Reliance Industries and Disney India. Shares of Reliance Industries closed at Rs 3,047.05 with a gain of 1.71 per cent on Friday, September 27.
• LIC: LIC said in the filing to the stock market on Friday that it reduced its stake in Mahanagar Gas by 2 per cent through sale in the open market. According to the information provided by the corporation, it has sold around 21 lakh shares of Mahanagar Gas.

Disclaimer: Here we have provided you with information about stocks. Investing in the stock market is subject to market risks. Before investing in any stock, definitely follow the advice of your financial advisor.

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