Below are the stocks that are in focus today
Pfizer India: Stocks of the company were trading 3.63% up at Rs 1980.10 (9.23 am) after it said that it will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine.
Birla Corporation: Stocks of the company were trading 0.74 per cent up at Rs 686 (9.23 am) as it has completed the process of acquisition of the cement business of Reliance Infrastructure (RIL). The company has acquired 100% shares of Reliance Cement Company (Reliance Cement), a subsidiary of RIL. After this acquisition, Reliance Cement has become a wholly-owned material subsidiary of Birla Corporation. The acquisition has been funded through existing cash reserves and incremental debt.
Hindustan Petroleum Corp Ltd (HPCL): Stocks of the public sector company were trading 2.13 per cent down at Rs 1188.70 (9.24 am) after it posted a 30 per cent jump in its June quarter net profit to Rs 2,098.38 crore as compared to Rs 1,614.13 crore net profit in the same period a year ago.
Renuka Sugars: Stocks of the company were trading 2.10 per cent up at Rs 17.05(9.16 am) as it posted a standalone net profit of Rs 3.2 crore for the quarter ended June 30 as against Rs 150.2 crore in the year-ago period.
Welspun India: Stocks of Welspun Indian extended losses and hot 52-week low on BSE of Rs 65.85(down 19.99 per cent) as US-based retail company Target Corp said it will terminate its contract with Welspun India for alleged lapses in products supplied to it.
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