Stocks Under Focus on Dec 9: Sun Pharma, Paytm, Kalyan Jewellers & More

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Stocks Under Focus on Dec 9: Sun Pharma, Paytm, Kalyan Jewellers & More
Credit: © Reuters.

By Malvika Gurung -- Sun Pharmaceutical Industries (NS: SUN ): After announcing that its Halol unit is under USFDA’s import alert, the pharma giant clarified that it would not revise the revenue guidance for FY23, adding there will be no impact on specialty revenues.

Hindustan Unilever (NS: HLL ): The FMCG behemoth forayed into the health and wellness products segment by acquiring a majority stake in OZiva and a 19.8% stake in Wellbeing Nutrition with a total investment of Rs 335 crore.

Paytm (NS: PAYT ): The financial services company’s board will meet on Dec 13 to consider a proposal for share buyback. It has a liquidity of Rs 9,182 crore. 

Adani Enterprises (NS: ADEL ): The conglomerate giant has acquired a 100% stake in Alluvial Mineral Resources from Adani (NS: APSE ) Infra (India).

Max Financial Services (NS: MAXI ): The company has acquired the balance 5.17% stake in Max Life Insurance Company held by Mitsui Sumitomo Insurance Company, hiking its shareholding in the life insurer to 87%.

Triveni Engineering (NS: TREI ): Promoter Dhruv Manmohan Sawhney has sold 1.7 crore equity shares or 7% stake in the company at an average of Rs 280.75 apiece, while Goel Anil Kumar has bought 18 lakh shares at an average of Rs 280 apiece through open market transactions.

Kalyan Jewellers (NS: KALN ) India: The leading jewellery company has announced its expansion plan for the calendar year 2023, under which it plans to launch 52 stores in 52 weeks (1 year).

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