Stocks in Focus on Jan 5: Airtel, GAIL, Dr Reddy’s Labs & More

  • Stock Market News
Stocks in Focus on Jan 5: Airtel, GAIL, Dr Reddy’s Labs & More
Credit: © Reuters.

By Malvika Gurung -- Bharti Airtel (NS: BRTI ): The telecom major has decided to not proceed with its corporate restructuring plans and will continue following its existing corporate structure. Also, the telco’s subsidiary Airtel Payments Bank has been categorised by the RBI as a scheduled bank informed the company on Tuesday.

Dr. Reddy’s Laboratories (NS: REDY ): The pharmaceutical company will launch its Molnupiravir capsules at Rs 35 apiece, used for treating Covid-19. The company’s Molflu capsules will be the most affordable treatment option available to patients against Covid.

GAIL (NS: GAIL ) (India): The state-owned gas major has completed the acquisition of a 26% stake in ONGC (NS: ONGC ) Tripura Power Company from Infrastructure Leasing and Financial Services for Rs 1,227 crore.

Larsen & Toubro (NS: LART ): The engineering and construction company has won a major order from the Delhi Metro Rail Corp to design and construct Phase-1 of Patna Mass Rapid Transit System, an underground metro project.

Bandhan Bank (NS: BANH ): The private lender’s loans and deposits have grown substantially in Dec 2021, and its loans and advances have advanced 11% YoY to Rs 89,213 crore, as of Dec 31, compared to Rs 80,255 crore in the same period last year.

Affle India Ltd (NS: AFFL ): Value Partners High-Dividend Stocks Fund has bought 1.05 lakh equity shares of the company, priced at Rs 1,194.25 apiece, while Malabar India Fund Limited FDI was the seller on the BSE.

Thermax (NS: THMX ): The energy company has bagged an order worth Rs 545.6 crore from an Indian power public sector company for setting up two flue-gas desulphurisation (FGD) systems.

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