Hey folks, heads up for Monday’s stock action. Cipla has drawn some attention after the USFDA wrapped up an inspection at their Goa facility, spotting six issues they need to address. Not the best news, but Cipla's on it. TVS Motors has a positive spin, teaming up with CSC Grameen e-stores to boost their three-wheeler sales via local entrepreneurs. Quite a strategic move!
Bank of Baroda is eyeing big financing with plans to raise funds through long-term bonds for infrastructure and affordable housing – board's meeting for it on July 5. Lupin got some good news from the USFDA with a voluntary action indicated status for their Somerset, New Jersey plant, which is a relief for them.
Prestige Estate Projects is looking to raise up to Rs 5,000 crore by issuing equity shares – a big leap for their expansion. Avenue Supermarts has just opened their 370th D-Mart store in Visakhapatnam, expanding their retail footprint even more.
Meanwhile, IREDA raised a hefty Rs 1,500 crore through bonds, oversubscribed 2.65 times – clearly high investor interest! Pfizer is dealing with a penalty from Dehradun’s tax department but plans to contest it. These are some of the stocks to watch as the week kicks off!
