Reliance Industries, Sun Pharma, Dr Reddy’s and other hot stocks to watch out for on December 29

Dec 29, 2021

By: Rounak Jain

Reliance Industries

RIL chairman Mukesh Ambani hinted at gradually phasing himself and other seniors out at the company’s annual event.

Credit: BCCL

Sun Pharma, Dr Reddy's, Cipla and others

Sun Pharma, Dr. Reddy’s, Cipla, Aurobindo Pharma, Torrent Pharma and Natco Pharma have received Indian drug controller’s nod to manufacture Merck’s anti-COVID pill, Molnupiravir.

Credit: Pixabay

Banking stocks

The Reserve Bank of India observed that banks need to strengthen corporate governance practices and bolster their capital positions and balance sheets.

Credit: Unsplash

Amara Raja Batteries

To invest in InoBat Auto AS, a Norway-based battery research and development company.

Credit: Amara-Raja-Batteries

Mazagon Dock

Approved interim dividend of ₹7.1 per share, with January 7, 2022 being the record date.

Credit: Mazagon-Dock

Mahindra & Mahindra

Its subsidiary has sold its entire 49 percent stake in MahindraTsubaki Conveyor Systems for ₹59 crore.

Credit: Mahindra-Mahindra

Shriram Transport Finance

To consider raising funds via redeemable non-convertible debt securities on a private placement basis in January.

Credit: Shriram-Transport-Finance

Raymond

Will incorporate a new unit named Ten X Realty to look after its real estate business, starting with an investment of ₹150 crore.

Credit: Wikimedia

Indo Amines

Announced a 2-for-1 stock split with January 15, 2022 set as the record date.

Credit: Indo-Amines

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