Stocks in Focus on Jul 13: Axis Bank, NMDC, Lesha Industries & More

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Stocks in Focus on Jul 13: Axis Bank, NMDC, Lesha Industries & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Axis Bank (NS: AXBK ): Rakesh Makhija’s reappointment has been approved by RBI as the Non-Executive Chairman till Oct 2023. 

NMDC (NS: NMDC ): State-owned iron miner has reduced the prices of iron ore by Rs 500/tonne for both varieties, lump and fines, on tepid demand from the steel industry. Its sales declined 40% YoY to 1.9 MT in June and 20% YoY in Q1 FY23.

SJVN (NS: SJVN ): The hydroelectric power generation company has partnered with Solarworld Energy Solutions to construct two solar power projects in UP with a total generation capacity of 125 MW for Rs 690.75 crore.

CARE Ratings (NS: CREI ): The agency’s board of directors will meet on July 20 to consider a proposal for share buyback.

Deepak Nitrite (NS: DPNT ): Gujarat Pollution Control Board has revoked the closure order for 3 months in Nandesari, stated reports.

Shilpa Medicare (NS: SHME ): A GMP or good manufacturing practice certificate has been issued to the pharma company’s Bengaluru Unit VI by MHRA after the facility was inspected from April 18-20. 

Lesha Industries (BO: LESH ): A total of 25.5 equity shares of the company were sold by Infiniti Infrasteel LLP and others between July 4-11, reducing their shareholding from 19.94% to 17.63%.

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