Stocks Under Focus on Jul 22: LIC, RIL, Biocon, UltraTech Cements, TII & More

  • Stock Market News
Stocks Under Focus on Jul 22: LIC, RIL, Biocon, UltraTech Cements, TII & More
Credit: © Reuters.

By Malvika Gurung -- Biocon (NS: BION ): The US health regulator US FDA has issued three observations on inspecting the biopharma company’s Telangana-based manufacturing unit.

Life Insurance Corporation (NS: LIFI ): The public insurer has pared its shareholding in the fertilizer manufacturing company GNFC from 5.73% to 3.7%.

Emami (NS: EMAM ): The personal care industry major has forayed into the pet-care industry by acquiring a 30% stake in Cannis Lupus, a pet-care startup in an all-cash deal for an undisclosed sum.

NTPC (NS: NTPC ): The country’s largest energy conglomerate has signed a deal with the NITI Aayog for developing a net zero greenhouse gas emissions roadmap for the corporation, as per the power ministry.

Tube Investments (NS: CHOL ) of India (NS: TBEI ): The engineering company will acquire a 76% equity stake in the electronics company Moshine Electronics, which manufactures camera modules for mobile phones. The deal is estimated at a total consideration of Rs 8.64 crore.

Companies including Reliance Industries (NS: RELI ), Ultratech Cement (NS: ULTC ), JSW Steel (NS: JSTL ), Coforge (NS: COFO ), Bandhan Bank (NS: BANH ), HDFC Asset Management Company (NS: HDFA ), Crompton Greaves (NS: CGPO ) Consumer Electricals, and HFCL (NS: HFCL ), among others, will release their earnings for the June 2022 quarter on Friday.

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