RIL, SBI, Lupin, Tech Mahindra and other buzzing stocks to watch out for on December 6

Dec 6, 2021

By: Bhakti Makwana

Reliance Industries

Reportedly household goods salesmen have threatened to disrupt supplies to kirana stores if consumer companies provide products at lower prices to Reliance Industries.

Credit: BCCL

Teamlease Services

The company has sold 100 percent shareholding in subsidiary IIJT Education.

Credit: Teamlease-Services

Teamlease Services

Salesmen from companies such as Reckitt Benckiser Group PLC, Unilever PLC, and Colgate-Palmolive Co. said their sales had dropped 20-25 percent in the last year as such stores were increasingly partnering with RIL.

Credit: Teamlease

SBI

The country’s largest lender has invited bids from asset reconstruction companies, and other financial institutions to sell the non-performing asset account (NPA) of KSK Mahanadi Power Company, with total outstanding against the company standing over ₹4,100 crore.

Credit: BCCL

Tech Mahindra

The company, through its wholly owned subsidiary Tech Mahindra (Americas) Inc., will acquire 100 percent stake in US based Activus Connect LLC and Activus Connect PR LLC for $62 million.

Credit: BCCL

Lupin

The pharmaceutical firm has made an agreement with Biomm SA to distribute and market Pegfilgrastim in Brazil.

Credit: BCCL

Tatva Chintan Pharma Chem

The company has appointed Ashok Bothra, who is a chartered accountant as the chief financial officer (CFO) and key managerial personnel with effect from 3 December 2021.

Credit: BCCL

Indiabulls Housing Finance

The company will raise up to ₹1,000 crore through a public issue of bonds that will open next week.

Credit: BCCL

Force Motors

The automaker announced overall production of 1,135 vehicles during November 2021 and sold 1,134 vehicles including 772 in the domestic market and 362 in exports.

Credit: BCCL

Aurobindo Pharma

The pharma major is recalling 7,296 containers of hypertension drug Carvedilol tablets in the US market.

Credit: BCCL

Carborundum Universal

The company’s subsidiary CUMI International Cyprus (CIL) has entered into an agreement to acquire a company in Germany, which will become a step-down subsidiary of CUMI.

Credit: BCCL

Carborundum Universal

This acquisition will facilitate a base in the European Union (EU) facilitating CUMI Group accessing markets in EU for its portfolio viz., abrasives, ceramics and electrominerals.

Credit: BCCL

Aptus Value Housing Finance

Ratings company CARE Ratings has upgraded the company's outlook to 'positive' from 'stable' while reaffirming the existing rating.

Credit: BCCL

Indraprastha Gas

The company has announced a hike in prices of compressed natural gas (CNG) in Delhi, Haryana and Rajasthan with effect from 6 a.m., on December 4.

Credit: BCCL

Reliance Industries net profit more than triples in the last eight quarters to $2.8 billion