Stock Market Snapshot 8 June 2024

KEC International has secured new orders of Rs 1,061 crores across its various businesses.

Punjab National Bank: Moody’s Ratings has affirmed Bank’s Long-term local and Foreign Currency Bank Deposit Rating at ‘Baa3’ with Stable Outlook. Moody’s Ratings has also upgraded the Baseline Credit Assessments (BCAs) from ‘ba3’ to ‘ba2’.

Jubilant Pharmova: USFDA has concluded an eight day audit of the Jubilant HollisterStier LLC’s contract Manufacturing facility located in Spokane, Washington (USA). The USFDA has issued 3 observations pursuant to the completion of audit.

Relaxo Footwears: Mr. Vikas Dogra Vice President­ Sales, (SMP) of the Company, has resigned from his Position on June 7, 2024 effective from the closure of business hours on September 5, 2024.

Ami Organics Limited’s manufacturing facility, Unit I Situated at Sachin, Surat which is involved in manufacturing of various intermediates for Active Pharmaceuticals Ingredients, has undergone a Good Manufacturing Practices (GMP) inspection by Pharmaceutical and Medical Devices Agencies, Japan (“PMDA”’’) starting June 4, 2024. The inspection has concluded successfully on June 7, 2024 without any critical/major observation.

Gland Pharma: Srinivas Sadu, the incumbent Managing Director (MD) and CEO, has been appointed as Executive Chairman and CEO of the company, effective June 10, 2024.

M/s KRDCL-RVNL JV emerges as the Lowest Bidder (Rs 156.5 crore) from Southern Railway for “Provision of Automatic Signalling on Ernakulam JN(ERS) – Vallattol Nagar (VTK) Section on B-Route of Thiruvananthapuram Division in Southern Railway”.

Dalmia Bharat has entered into Share Subscription and Shareholders’ Agreement and Solar Power Purchase Agreement to acquire 19.18% of equity Share capital of Amplus Kaveri Solar Pvt Ltd, consisting of 1,62,61,200 equity shares aggregating to Rs 16.26 Crore, in one or more tranches to source solar power as a captive consumer for a capacity upto 45.20 MW located in the State of Maharashtra.