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Sun Pharma: Sun Pharmaceutical shares will be in focus on Monday following a recent US court ruling that has delayed the launch of its new drug LEQSELVITM (deuruxolitinib). The US District Court of New Jersey has issued a preliminary injunction, barring Sun Pharma from launching the drug, meant to treat severe alopecia areata, until a court ruling is passed in the company's favour or the relevant patent expires.

 

Apollo Hospitals : Apollo will build a 500-bed hospital in Worli, Mumbai. The company said in the filing, "Apollo Hospitals Worli LLP, a subsidiary of Apollo Hospitals Enterprise Limited, proposes to set up a 500-bed hospital in Worli Mumbai through a build, operate and manage agreement. It will invest Rs 130 crore. Apart from this, it will expand its existing hospital facility in Lucknow from the current 300 beds to 500 beds by investing Rs 325 crore. The stock closed at Rs 7,038 on Friday with a gain of 0.79 percent.

 

 

Zen Technologies : The company's income and profit have seen a sharp jump compared to last year. The company's profit has increased from Rs 15.3 crore to Rs 62.6 crore compared to last year, i.e. it has seen an increase of 309 percent. At the same time, the income has increased from Rs 66.5 crore to Rs 241.8 crore during this period. The stock has given a return of more than 160 percent to its investors in the last one year. A year ago, the stock was below the level of 720.

 

 

Lokesh Machines : The company has issued a clarification on reports of its name appearing in the US Department of Treasury's sanctions list. The company said that none of our distributors are named in any sanctions list. The company has said that it has neither been contacted by the Finance Department nor has it been informed about any such sanctions. The company said that it is in the process of contacting the Treasury Department to gather more information. Lokesh Machines has been exporting machines to Russia since 2011, and these machines are received by distributors who either stock them or sell them further.

 

 

Dr Reddy's : The company has recalled more than 3.3 lakh bottles of a drug used to treat high calcium levels in the blood and hyperparathyroidism from the US market due to manufacturing issues. According to the latest enforcement report of the US Food and Drug Administration (US FDA), Dr. Reddy's is recalling 3,31,590 bottles of Cinacalcet tablets with multiple strengths from the US market due to CGMP (current good manufacturing practice) deviations. The company's stock closed at Rs 1,262, down 0.97 per cent from its previous close.

 

Premier Energies : The company has informed that its arms Premier Energies International and Premier Energies Photovoltaic have received several orders worth Rs 560 crore. Premier Energies, a company listed in early September, has given this information to the stock market. The stock, listed on September 3, has registered a gain of more than 100 percent from its issue price.

 

 

Hi Tech Pipes: CRISIL has upgraded the credit rating of the company's bank facility. The company informed about the upgrade of the credit rating on Saturday. The stock closed with a gain in the Diwali Muhurat trading held a day before. According to the CRISIL report, the rating has been upgraded due to the company's better position in the market, effective working capital management and strong financial risk profile.

 

NCC: In October, orders worth Rs 3,496 crore were received from the state, central government and private companies. In the last one year, the company's stock has seen a rise of 110.21 percent.

 

 

Ashoka Buildcon : The company has won orders worth Rs 312 crore from Maharashtra State Electricity Transmission Company. The company said that Ashoka Buildcon has received a significant contract from Maharashtra State Electricity Transmission (MSETCL) for setting up a 400/220 kV substation at Nandgaon Peth, Amravati. The project worth Rs 312.13 crore is inclusive of GST and will involve the associated transmission lines within the Amravati region of Maharashtra.

 

MOIL: From November 1, the price of ore with manganese content of 44 per cent and above will be reduced by 7 per cent and the price of ore with manganese content less than 44 per cent will be reduced by 1 per cent.

 

 

NBCC: The company received multiple orders worth Rs 235 crore from Power Grid, MGKVP and SSVV Varanasi. The company said the order includes a project worth Rs 186.46 crore from Power Grid Corporation of India Limited, which includes renovation of Power Grid's corporate office building in Gurugram.

 

NMDC: Iron ore production increased by 4 per cent to 4.07 MT in October. Whereas 3.92 MT was produced in October 2023. Sales increased by 17 per cent to 4.03 MT in October, which is an increase of 17.15 per cent compared to 3.44 MT recorded in the same period a year ago. NMDC is India's largest iron ore producer, currently producing about 35 million tonnes of iron ore from 3 fully mechanized mines.

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