Mega & Large-Cap Stocks in Focus: LIC, Bharti Airtel, Syngene, Jindal Steel & More

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Mega & Large-Cap Stocks in Focus: LIC, Bharti Airtel, Syngene, Jindal Steel & More
Credit: © Reuters.

By Malvika Gurung -- Cipla (NS: CIPL ): Subsidiary Cipla Health has signed agreements for the acquisition of nutritional supplement brand Endura Mass from Medinnbelle Herbalcare, foraying into the 'nutritional wellness' segment.

Life Insurance Corporation (BO: LIFI ): The insurance giant’s Indian Embedded Value stood at Rs 5.41 crore as of Mar 31, 2022, compared to Rs 95,605 crore in the year-ago period. Its value of new business jumped 82.8% YoY to Rs 7,619 crore in FY22.

Bharti Airtel (NS: BRTI ): The telecom major has approved the allotment of over 7.1 crore shares to the US tech heavyweight Google (NASDAQ: GOOGL ) at an issue price of Rs 734/share. The latter will hold 1.2% of the total post-issue equity shares of Airtel.

Adani (NS: APSE ) Ports and Special Economic Zone: The company has bagged a tender and partnered with the chemicals and logistics group Gadot for privatizing a port in Israel.

Dabur India (NS: DABU ): The FMCG major has four brands in its kitty with a turnover of over Rs 1,000 crore, with two of its brands Dabur Honey and Dabur Chyawanprash crossing Rs 500 crore in sales.

Syngene International (NS: SYNN ): The pharma firm and the animal health company Zoetis have signed a 10-year agreement for manufacturing the drug substance for Librela, used in treating osteoarthritis in dogs.

Companies including Jindal Steel, Jindal Steel & Power (NS: JNSP ), L&T (NS: LART ) Technology Services, and Oberoi Realty (NS: OEBO ), among others, will release their earnings results for the June quarter on Friday.

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