JKB Financial Services Ltd.

As on : 19-Jan-2024

Market Commentary - Stock Alert
19-Jan-2024 08:59

IndusInd Bank, Lupin, Indian Bank, Shalby in focus

IndusInd Bank: The private lender's standalone net profit increased 17.29% to Rs 2,297.85 crore on 21.11% rise in total income to Rs 13,968.10 crore in Q3 FY24 over Q3 FY23.

Wipro: The company has signed a definitive agreement to subscribe for the equity share capital in Huoban Energy 11 Private Limited to enhance the proportion of usage of renewable energy for offices in Maharashtra.

Hindustan Unilever: The company has entered into transaction documents for acquisition of 27.73% stake in the equity share capital of Transition Sustainable Energy Services One Private Limited (SPV).

Lupin: The drug major on Thursday announced that it has received an approval from the United States Food and Drug Administration (U.S. FDA) for its abbreviated new drug application for Febuxostat tablets.

Indian Bank: The bank has received approval from RBI for setting up a new Wholly Owned Operations Support Subsidiary by the Bank.

Shalby: Shalby has announced a strategic investment in PK Healthcare Pvt Ltd with an acquisition of 87.26% equity stake for a consideration of Rs 102 crore (approx).

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