NEWS CORNER
1.
Delta Corp shares gained 3
percent after global brokerage house UBS initiated coverage on the stock with
Buy rating and target price of Rs 310. It believes new casino policy should
unlock the sector's potential. "Positives are rising popularity of Goa and
casinos, increasing traffic for poker site, less chances of issuance of new
casino licenses, high option value of Daman license and increasing traction for
the Sikkim casino.
2.
Share price of Punj Lloyd fell
nearly 3 percent intraday Friday after International Finance Corporation (IFC)
moved an insolvency plea against company before the National Company Law
Tribunal (NCLT).
3.
Shares of Goa Carbon shed 5
percent intraday Friday after company reported net loss in the quarter ended
September 2018.
4.
Shares of DilipBuildcon added 2
percent intraday Friday after company received orders worth Rs 1,077 crore. The
company has received Letter of Acceptance (LOA) for Bhopal and Indore Metro
Rail project, Phase -I, valued at Rs 247.06 crore and Rs 228.96 crore
respectively by the Madhya Pradesh Metro Rail Co, Urban Administration and
Development Department, Bhopal (M.P).
5.
Oil Marketing Companies (OMCs)
opened 20-30 percent lower in the on October 5 as the government asked them to
absorb Rs 1 per litre of the Rs 2.5 cut Finance Minister ArunJaitley announced
on October 4.
6.
Shares of Cadila Healthcare rose
nearly 2 percent in the early trade on Friday after company received EIR from
USFDA for its Ahmedabad unit. The company's Biologics manufacturing facility
(Zydus Biologics) located at the Zydus Biotech Park in Ahmedabad has received
an EIR (Establishment Inspection Report) from the USFDA signifying the
successful closure of the audit.
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