Stocks in news: Federal Bank, Waaree Energies, ICICI Pru life, Zydus & HUL
Markets weakened on Thursday, snapping the recent run of gains as profit booking and broader risk-off sentiment resurfaced. Analysts say the latest decline has erased the gains of the past three sessions, and a decisive break below the 25,400 level could further weaken sentiment, potentially dragging the index toward the 25,100 gap area.
In today's trade, shares of Federal Bank, Waaree Energies, ICICI Pru life, Zydus, HUL among others will be in focus due to various news developments.
Federal Bank
Private sector Federal Bank will receive a tax refund of Rs 686 crore following the successful resolution of a long-standing tax matter, the bank announced on Thursday. This will have significant financial implications for the bank's profitability in the next quarter, ET reported.
ICICI Prudential Life
ICICI Prudential Life Insurance Company has received an unfavourable appellate order upholding a tax demand of Rs 984 crore, the insurer said in an exchange filing on Thursday. The company said it will file a further appeal before the appropriate authority in due course.
Waaree Energies
Waaree Energies clarified on reports saying its Board has approved the increase in the manufacturing capacity of Lithium-Ion Advanced Chemistry Storage Cells and Battery Energy Storage Systems (BESS) from 3.5 GWh to 20 GWh, along with an additional capital expenditure of Rs 8,000 crore in its wholly owned subsidiary, Waaree Energy Storage Solutions.
Zydus Lifesciences
Zydus Lifesciences said it has launched its first indigenously developed biosimilar for the treatment of visual impairment. Anyra, the country's first indigenously developed biosimilar of Aflibercept 2 mg, is indicated for the treatment of visual impairment due to various conditions, including diabetes.
GHV Infra Projects
GHV Infra Projects has received a work order worth about Rs 123 crore from Enmas EPC Power Projects for the supply of grid-connected rooftop solar plants, the company said in a filing.
HUL
Hindustan Unilever plans to invest up to Rs 2,000 crore over the next two years to expand manufacturing capacity in fast-growing premium segments across its Beauty & Wellbeing and Home Care liquids portfolio, the company said on Tuesday.
In today's trade, shares of Federal Bank, Waaree Energies, ICICI Pru life, Zydus, HUL among others will be in focus due to various news developments.
Federal Bank
Private sector Federal Bank will receive a tax refund of Rs 686 crore following the successful resolution of a long-standing tax matter, the bank announced on Thursday. This will have significant financial implications for the bank's profitability in the next quarter, ET reported.
ICICI Prudential Life
ICICI Prudential Life Insurance Company has received an unfavourable appellate order upholding a tax demand of Rs 984 crore, the insurer said in an exchange filing on Thursday. The company said it will file a further appeal before the appropriate authority in due course.
Waaree Energies
Waaree Energies clarified on reports saying its Board has approved the increase in the manufacturing capacity of Lithium-Ion Advanced Chemistry Storage Cells and Battery Energy Storage Systems (BESS) from 3.5 GWh to 20 GWh, along with an additional capital expenditure of Rs 8,000 crore in its wholly owned subsidiary, Waaree Energy Storage Solutions.
Zydus Lifesciences
Zydus Lifesciences said it has launched its first indigenously developed biosimilar for the treatment of visual impairment. Anyra, the country's first indigenously developed biosimilar of Aflibercept 2 mg, is indicated for the treatment of visual impairment due to various conditions, including diabetes.
GHV Infra Projects
GHV Infra Projects has received a work order worth about Rs 123 crore from Enmas EPC Power Projects for the supply of grid-connected rooftop solar plants, the company said in a filing.
HUL
Hindustan Unilever plans to invest up to Rs 2,000 crore over the next two years to expand manufacturing capacity in fast-growing premium segments across its Beauty & Wellbeing and Home Care liquids portfolio, the company said on Tuesday.
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