20 stocks to watch on Monday: Lenskart, Natco Pharma, Power Grid, GHCL, Sigachi and others
Corporate developments across sectors include stake-sale plans in Lenskart, regulatory updates for pharma companies, major power and infrastructure orders, new manufacturing investments, strategic partnerships, preferential issues, and expansion initiatives by several listed companies
Market rumors indicate Softbank Vision Fund II Lightbulb Cayman intends to sell up to a 2.6% stake in Lenskart Solutions, with a minimum price of ₹635 per share. Jubilant Pharma Holding Inc, a Singapore-based subsidiary of Jubilant Pharma Limited, announced that USFDA has granted approval for the commercial batch manufacturing of the first product at their contract manufacturing facility in Spokane, WA.
The facility uses an Isolator-based fill-and-finish line, named Line 3. Caplin Point Laboratories concluded an FDA inspection of their injectable and ophthalmic manufacturing plant in Gummidipoondi, citing only procedural issues in 10 observations. Natco Pharma received a Form 483 from the USFDA after inspecting their finished dosage formulations unit in Visakhapatnam, also deeming the observations procedural.
Natco Pharma, GhCL Ltd and Caplin Point Laboratories are all addressing the observations to USFDA within the given timeline. Power Grid Corporation of India secured a confirmed work order worth ₹822.91 crore annually for developing a transmission system to integrate renewable energy projects in Gujarat. NTPC Renewable Energy Limited won an e-reverse auction for providing 6000 MWh of assured peak supply from connected RE projects in India, at a discovered tariff of ₹6/kWh.
Diamond Power Infrastructure Ltd received a Letter of Intent from Aurionpro Solutions Ltd for supplying HT and LT electrical cables to a Hyderabad-based hyperscale data centre campus. GHCL Ltd received a dismissal of three appeals from the NGT's Western Zone Bench in Pune regarding their greenfield soda ash project in Gujarat. Kaynes Technology India Ltd and BOSGAME signed an MoU to expand BOSGAME's presence in the Indian market.
Craftsman Automation's board approved a proposal to incorporate Craftsman Fronberg Precision GmbH in Germany. Ceinsys Tech Ltd canceled Rs 112.42 crore worth of work orders with the State Water and Sanitation Mission due to exhausted implementation funds. Refex Industries announced a change in its senior executive team, appointing Anil S. Kulkarni as Chief Business Officer for its Ready-Mix Concrete division.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
