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🎯 BUY DRREDDY 5450 CE ABOVE 143-45
🎯 Target -160-180-200
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Zomato: SVF Growth (Singapore) Pte Ltd, a venture capital fund owned by Japan's Softbank, has exited the food delivery giant by selling the remaining 9.35 crore equity shares through open market transactions. These shares were sold at an average price of Rs 120.5 each, amounting to Rs 1,127.5 crore. On October 20 of this year, it had sold 9.35 crore shares at an average price of Rs 111.2 per share.
Adani Energy Solutions: Bimal Dayal, the CEO of the transmission business of Adani Energy Solutions, has been appointed as Chief Executive Officer (CEO) of Adani Infrastructure India. Bimal Dayal will oversee the implementation of the enormous pipeline of infrastructure projects in thermal, renewable energy, and green hydrogen.
Tata Motors: The country's largest commercial vehicle manufacturer, said it would increase the price of its commercial vehicles effective January 2024, up to 3 percent. The price increase is to offset the residual impact of past input costs and will be applicable across the entire range of commercial vehicles.
Wipro: Stephanie Trautman has resigned as Chief Growth Officer of the IT services company. Trautman will be relieved from the services of the company with effect from January 31, 2024.
TVS Motor Company: The two-and-three-wheeler company announced a collaboration between TVS Racing, India's first factory racing team, and Alpinestars, a renowned brand of riding apparel and gear. The association between them aims to enhance the overall riding experience for customers.
Apollo Tyres: The Supreme Court has dismissed the appeal filed by Sebi and upheld the SAT order setting aside SEBI’s penalty against the company. The Securities Appellate Tribunal (SAT) issued an order in September this year, quashing Sebi's order dated November 22, 2018 in its entirety and directing SEBI to refund the entire penalty amount of Rs 65 lakh imposed for alleged violation of certain provisions of the Buy Back Regulations, 1998, to Apollo Tyres within 4 weeks from the date of its order.
Cipla: Subsidiary InvaGen Pharmaceuticals Inc., USA, is voluntarily recalling one lot of Vigabatrin for oral solution, USP 500mg, to the consumer level. Vigabatrin for oral solution, USP 500 mg, has been found to have seal integrity issues, allowing for powder leakage from the pouch. The product is used for the treatment of refractory complex partial seizures as adjunctive therapy in patients 2 years of age and older who have responded adequately to several alternative treatments.
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