Gold Silver Reports (GSR) – Bharat Forge Rises On Acquiring Stake In U.K.’s Tevva Motors – Shares of the Pune-based auto parts maker rose as much as 2.49 percent, the most since May 25, to Rs 668.20. Bharat Forge has picked up a strategic stake in UK-based Tevva Motors, a provider of electric powertrain solutions for commercial vehicles, for £10 million.
The company has also acquired a license for commercialisation of the Tevva technology within India and for strengthening its research and development activities in the e-mobility space, the company said in a regulatory filing.
Shares of the Bengaluru-based innerwear maker rose as much as 3.2 percent, the most in nearly a fortnight, to Rs 25,480.
The company informed exchanges that its license agreement with Jockey has been extended until December 2040.
Shares of the country’s largest drugmaker rose as much as 3.8 percent to Rs 560.95 after U.S. drug regulator cleared its Halol manufacturing unit in Gujarat.
Sun Pharma received the establishment inspection report (EIR) from the U.S. FDA for Halol plant, it said in an exchange filing. The inspection is now closed, and issues raised in the December 2015 warning letter have been addressed, it said.
Vakrangee Locked In Upper Circuit For Fifth Straight Day
Shares of the Mumbai-based company were locked in a five percent upper circuit for fifth session in a row at Rs 41.30. In the last five sessions the stock has rallied 27 percent.
