Stocks in news today: Jyothy Labs, Glenmark and more
With the Sensex falling over 2 per cent and rupee extending losses, here are the five stocks that remained in news today.
BT Online New Delhi Last Updated: September 4, 2015 | 16:25 IST
With the Sensex falling over 2 per cent and rupee extending losses, here are the five stocks that remained in news today:
Jyothy Laboratories: Jyothy Laboratories is likely to see German consumer products company Henkel buy 26 per cent stake in the fabric whitener and detergent maker, according to media reports. The company stock closed 4.73 up at 320.80 apiece on BSE on Friday.
Glenmark Pharmaceuticals: Glenmark Pharmaceuticals has completed the clinical phase I studies for its novel monoclonal antibody 'GBR 830' for treating autoimmune diseases. While phase I trials took place in the Netherlands, the company said it will initiate the phase II studies for the anitbody in the US and Europe. Its shares fell 3.63 per cent to close at Rs 1028.05 apiece on Friday.
Ashok Leyland:Reserve Bank of India (RBI) has allowed foreign investors to invest up to 40 per cent of the paid up capital in Ashok Leyland. "Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 40 per cent of the paid up capital of Ashok Leyland Limited under the Portfolio Investment Scheme (PIS)," RBI said in a notification. Its shares fell 2.74 per cent to close at Rs 85.05 apiece on Friday.
Power Finance Corporation (PFC): State-run PFC will seek the shareholders' approval for raising up to Rs 60,000 crore through issue of securities. Its shares fell 6.39 per cent to close at Rs 205.90 apiece on Friday.
National Buildings Construction Corporation (NBCC): State-owned NBCC has bagged contracts worth Rs 387 crore during last month. In a regulatory filing, NBCC on Thursday informed that the "company has secured total business amounting Rs 386.78 crore (approx) from various clients in the month of August, 2015". Its shares fell 2.36 per cent to close at Rs 966.10 apiece on Friday.