Hester Biosciences | CMP: Rs 2,173.45 | The share jumped over 10 percent after the company informed investors it has been able to meet demand for goat pox vaccine in the country. The goat pox vaccine is used to immunise cattle against the lumpy skin disease. A total of 97,435 cattle have died in the country due to the viral infection, showed government data as of September 23.
Sterlite Tech | CMP: Rs 159.25 | The scrip was down over 7 percent after the company said its chief financial officer has resigned. "This is to inform that Mr. Mihir Modi, Chief Financial Officer and Key Managerial Personnel of the Company has tendered his resignation and will be relieved from his duties with effect from close of business hours of Friday, October 14, 2022," said the company in a regulatory filing.
PI Industries | CMP: Rs 3,010 | The stock ended in the red on September 26. Promoter Mayank Singhal offloaded 0.6% stake or 10 lakh shares in PI Industries via open market transactions. These shares were sold at an average price of Rs 3,150 per share.
Mahindra & Mahindra Financial Services | CMP: Rs180.30 | The stock price fell over 7 percent on September 26. Jefferies has kept underperform rating on Mahindra & Mahindra Financial Services with a target at Rs 155 per share. It believes that RBI ban on outsourcing collections & recovery could lead to 75-80% drop in recoveries. This could lead to higher loan losses/LGD till it readjusts its processes.
Fortis Healthcare | CMP: Rs 258.50 | The share price ended in the red amid weak market conditions. Foreign research house Nomura has kept buy rating on Fortis Healthcare with a target at Rs 319 per share. "The legal overhang have limited impact on operations. The company has recorded improvement particularly in the hospital business in recent past," it added.
Alicon Castalloy | CMP: Rs 893.05 | The scrip ended in the red on September 26. The company said it has been selected by Jaguar Land Rover in the United Kingdom to supply the eAxle Housing, a critical product for their eMobility platform. This component is an integrated eMotor and Transmission Housing. The order win is a large, multi-million dollar order for deliveries over five years and is the highest ever order win from a single customer for a single product in the Company’s history. The product will be manufactured at Alicon’s facility at Pune, India, it added.
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