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Stocks of Infosys, Biocon, Swan Defence, Life Insurance Corporation of India and Aditya Birla Real Estate will catch investors' attention on Wednesday.
Here are the notable corporate announcements that came after Tuesday's market hours:
Stocks In Focus
- Indian Hotels Company: Total hospitality portfolio has expanded to 628 hotels. Includes 373 hotels in active operations. Pipeline of 255 hotels under development.
- Aditya Birla Real Estate: The company reports that its real estate arm, Birla Estates, has successfully secured bookings worth Rs. 1,600 crore for its newly launched project in Gurugram.
- Arvind SmartSpaces: The company has entered into a strategic pact for its largest high-rise residential project in Mumbai, which carries an estimated top-line revenue potential of Rs. 2,400 crore.
- Biocon: The company has announced the commercial launch of its Denosumab biosimilars, branded as Bosaya and Aukelso, in the United States market.
- Infosys: The company has announced a partnership with Harness to accelerate AI-driven software delivery solutions for its enterprise clients.
- Aurobindo Pharma: The company has received final approval from the US FDA to manufacture and market Dapagliflozin and Metformin Hydrochloride Tablets, used for glycemic control.
- Swan Defence: The company has secured a major order, valued between Rs. 1,500 crore to Rs. 3,000 crore, from Energy One for the construction of four ammonia bulk carriers.
- LIC: The company's board is scheduled to meet on April 13 to consider a proposal for the issuance of first ever bonus shares to its shareholders.
- Aditya Birla Capital: The company has received approval from the Competition Commission of India (CCI) for a planned Rs. 2,250 crore investment in its housing finance arm, Aditya Birla Housing Finance.
- Newgen Software: The company reports that a top court in Qatar has dismissed its appeal, rendering the firm liable to pay $1.37 million along with an additional QAR 200,000 as compensation for damages.
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