Action is seen on the shares of the stock companies of the listed companies of the stock market or the decisions taken by the government. Some companies announce their decisions after market close and some companies make their decisions public during market hours. Sometimes such information about companies is also filtered from other sources, which has a favorable or unfavorable effect on their stocks. Keeping this in mind, we provide daily information about such stocks or companies in the form of Buzzing Stocks for the investors, which will be in the headlines or focus during the market today due to some reason.
Know which companies or stocks have made headlines before the market opens today and what is the reason behind it-
Sun Pharmaceutical Industries: US subsidiary buys Galderma subsidiaries in the US, Japan and Canada. Subsidiary Taro Pharmaceuticals USA Inc has completed the acquisition of subsidiaries of Galderma.
Bharat Forge: The subsidiary formed a joint venture (JV) with Dastan Transnational Corp. The auto subsidiary said its subsidiary Kalyani Strategic Systems (KSSL) has incorporated Sagar-Manas Technologies (SMTL) as a joint venture company with open joint stock company Dastan Transnational Corporation.
Bafna Pharmaceuticals: Promoter selling stake. Promoter SRJR Life Sciences LLP will sell 99,357 equity shares or 0.42 per cent stake in the company through open market transaction. The stake sale, which will begin on March 9, is aimed at achieving minimum public stake.
HIL: The CFO has resigned. Fiber cement roofing manufacturer said that KR Veerappan has resigned from the post of Chief Financial Officer.
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Atul: Expansion project completed. The chemical company has completed the expansion of its sulfur black manufacturing capacity to 26,000 tonnes per annum from 9,800 tonnes per annum earlier. The company’s plant will produce both liquid and powder formulations.
GR Infraprojects: Smallcap World Fund Inc sold shares of the company. Smallcap World Fund Inc sold 6,10,131 equity shares in the company through open market transactions. These shares were sold at an average price of Rs 1,280 per share.
ISGEC Heavy Engineering: Got a big order from Shree Cement. The company has bagged a large order for Cement Waste Heat Recovery Boiler from Shree Cement in Nawalgarh, Rajasthan.
Zydus Lifesciences: US subsidiary to sell Bridgbio’s Newlibri (fosdenopterin) for injection.
Yasho Industries: Board will consider capex. The company said its board will consider capital expenditure on March 16 for a new greenfield project of 15,500 metric tonnes per annum in Bharuch, Gujarat.
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