As the market closed on July 17 for Muharram, Indian benchmark indexes ended up for the third consecutive day on July 16. The Sensex closed up 51.69 points, or 0.06 percent, at 80,716.55, while the Nifty rose 26.30 points, or 0.11 percent, to 24,613.
Here are the stocks that are expected to be in focus in Today’s trading session.
K E C International Ltd
The company has secured new orders of Rs. 1,100 crores for Transmission & Distribution (T&D) projects in India, the Middle East, Australia, and the Americas.
Dev Information Technology Ltd
The company secured a noteworthy order from RajCOMP Info Services Ltd for “Selection of Agency for Study, Design, Development, and Implementation of Kaushal Darpan Portal & Application”. The order was valued at Rs 2 crore.
Shakti Pumps (India) Ltd
The company has received a Letter of Award from the Maharashtra Energy Department Agency (MEDA) for 1,200 nos of Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) at various locations across the State of Maharashtra under Component-B of PM-KUSUM scheme. The total amount of the order value is for around Rs. 33.47 Crores
Glenmark Pharmaceuticals Ltd
The company has received final approval from the United States Food & Drug Administration (U.S. FDA) for Topiramate Capsules USP, 15 mg and 25 mg. Glenmark’s Topiramate Capsules USP, 15 mg and 25 mg have been determined by the FDA to be bioequivalent and therapeutically equivalent to Topamax Capsules, 15 mg and 25 mg of Janssen Pharmaceuticals, Inc., and will be distributed in the U.S. by Glenmark Pharmaceuticals Inc., USA.
Ascensive Educare Ltd
The company has entered into MOUs with SAMAGRA SHIKSHA for Vocational Education and implementation under the Vocational Education Component in alignment with the National Skill Qualification Framework (NSQF) in 117 Schools in the State of Madhya Pradesh.
Zydus Lifesciences Ltd
Zydus Lifesciences Limited a discovery-driven global lifesciences company has entered into a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company to market the novel Potassium Competitive Acid Blocker (P-CAB) Vonoprazan in India. The drug will be marketed under the brand name of Vault® in India.
Radico Khaitan Ltd
The company introduces the award-winning Sangam World Malt Whisky to the Indian market. Rampur Distillery’s (Radico) Sangam World Malt Whisky has swiftly risen to prominence, clinching a gold medal at the John Barleycorn Awards and at the Beverage Tasting Institute, BTI Luxury Spirits Award 2023, both hosted in the United States of America.
Asian Paints Ltd
Consolidated Net Sales decreased by 2.3% to ₹ 8,943.2 crores in Q1FY25 from ₹ 9,153.8 crores in Q1FY24. PBDIT decreased by 20.2% to ₹ 1,693.8 crores in Q1FY25 from ₹ 2,121.3 crores in Q1FY24. Profit before exceptional items and tax decreased by 23.8% to ₹ 1,603.6 crores in Q1FY25 from ₹ 2,105.0 crores in Q1FY24. Net Profit after minority interest decreased by 24.5% to ₹ 1,170.0 crores in Q1FY25 from ₹ 1,550.4 crores in Q1FY24.
Artson Engineering Ltd
Revenue decreased by 40% from Rs 41.9 crore in Q1FY24 to Rs 25.03 crore in Q1FY25. Net profit turned into loss from a profit of Rs 1.03 crore in Q1FY24 to Rs (0.49) crore in Q1FY25.
Written by:- Abhishek Singh
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