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Stocks in the news: Tega Industries, ONGC, Vedanta, Lupin, Tata Motors

13 Dec , 2021   By : monika singh


Stocks in the news: Tega Industries, ONGC, Vedanta, Lupin, Tata Motors

Nifty futures on the Singapore Exchange traded 139.5 points, or 0.80 per cent higher at 17,684.50, signaling that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks which may buzz the most in today's trade:

Tega Industries: The counter will make a its Dalal Street debut on Monday. The Rs 619.23 crore issue was open for subscription between December 1-3 in the price range of Rs 443-453 per share. Ahead of its listing, it was commanding a premium of Rs 300-320 per share in the grey market.

ONGC: 
India's top oil and gas producer is seeking a minimum price of USD 3.5-4 for the natural gas it plans to produce from coal seams in Jharkhand and a field in Tripura.
Vedanta: The company has approved second interim dividend of Rs 13.50 per equity share on face value of Re 1 per share for FY22, amounting to Rs 5,019 crore.
Lupin: The homegrown drug maker is recalling 4,113 cartons of generic oral contraceptive tablets in the US, the world's largest market for medicines, due to manufacturing issues. The affected lot has been produced at the company's Pithampur-based manufacturing facility in Madhya Pradesh.

Tata Motors: The homegrown automajor said it will hike prices of its entire passenger vehicle range from January in order to offset the impact of rising input costs.
Minda Industries: The auto components maker said it has entered into a joint venture agreement with FRIWO AG Germany to manufacture and supply various electric vehicle components in the Indian subcontinent with a planned capex of Rs 390 crore in the next six years.

Zydus Cadila: 
The Drug firm said it has received approval from the US health regulator to market generic drug Cariprazine capsules, which are used in the treatment of schizophrenia. The company's subsidiary has received tentative approval from the US Food and Drug Administration (USFDA) for Cariprazine capsules.
Power Finance Corporation: The state-run NBFC said it has paid the second interim dividend of Rs 369.57 crore to the government for the 2021-22 fiscal. The second interim dividend at the rate of 25 per cent, that is Rs 2.50 per equity share of face value Rs 10 each, was declared by the Board of Directors in its meeting held on November 11, 2021.
Sterlite Technologies: The digital networks integrator unveiled its 5G-from-India offering at the India Mobile Congress event. In a statement, the company said its 5G portfolio includes optical, radio and deployment solutions.

Alembic Pharmaceuticals: The drug maker said it has made a strategic investment in RIGImmune Inc, a biopharmaceutical research company co-founded by two prominent Yale University professors.
Fino Payments Bank: The recently listed lender has witnessed good growth across key parameters during the first half of the current fiscal year and is expecting to grow at about 30-35 per cent in terms of revenue on a long-term basis.

IIFL Securities: The brokerage firm has entered into a Share Purchase Agreement (SPA) for the sale of its entire stake (21.47%) in Giskard Datatech (Tendlyne), an associate of the company, to IIFL Capital Enhance Fund (AIF Category II). With this, Tendlyne will cease to be an associate of the company.

Bank of Maharashtra: The State-owned lender announced a cut in interest rate on home loans to an all-time low of 6.40 per cent, from the existing 6.80 per cent under the 'Retail Bonanza-Festive Dhamaka' offer.
Gati: The Allcargo group firm is looking to become a Rs 3,000-crore company in three years, driven by key accounts, micro, small and medium enterprises (MSMEs) and business-to-business (B2B) retail. It has identified three areas, including talent acquisition and building infrastructure, to achieve the target.

Antony Waste Handling Cell: Its material subsidiary, AG Enviro Infra Projects has received letter of intent for contract namely 'door to door collection and transportation of municipal solid waste to disposal site and operation & maintenance of equipment/machineries’ from city - Sadar Paharganj Zone of North Delhi Municipal Corporation.
Kopran: Indian Patent office has granted process patent number for 20 years to Kopran Research Laboratories, wholly owned subsidiary of the company, for the active pharmaceutical ingredient (API) product Nitroxoline.


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