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Stocks To Watch: Fortis, Electrosteel Steels, HDFC Standard Life, Lupin

Gold Silver Reports (GSR) – Stock benchmarks climbed in Japan, Hong Kong and Australia. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.5% to 10,610 as of 7:05 a.m. 

Here Are The Stocks To Watch Out For In Wednesday’s Trade

✅ Lupin received tentative U.S. FDA approval for generic AndroGel.

✅ Indian Hume Pipe Company Ltd received order of Rs. 108.19 crore.

✅ Shalby Signs memorandum of understanding with Sen Sok International University Hospital, Cambodia.

✅ Ducon received final NCLT order approving ongoing merger process.

✅ Jayaswal Neco Industries said Supreme Court directed parties involved in debt restructuring of company to maintain status quo.
AstraZeneca to invest $90 million over the next five years in India.

✅ Vedanta’s resolution plan for Electrosteel Steels approved by NCLT. Vedanta will hold 90 percent stake while existing shareholders and creditors to get the remaining 10 percent.

✅ KS Oils said corporate insolvency resolution process expired on April 16. The committee of creditors has not approved resolutions plans.

✅ Andhra Bank said that the exposure to SSK Trading of Rs 30 crore is non performing asset.

✅ HAL enhanced jet production capacity.

✅ Jagran Prakashan to consider share buyback on April 27.

✅ Uttam Galva says lenders yet to accept offer to settle debt.

✅ Future Consumer hiked stake in Integrated Food Park Pvt. Ltd. to 99.93 percent.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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