Top stocks in focus: Lupin, Torrent Power, Ambuja Cements, Veritas India, Wipro

18 Feb 2022 , 07:25 AM

Lupin: The company received approval from USFDA for a supplemental new drug application for SOLOSEC (secnidazole) in adolescents for both the treatment of bacterial vaginosis in females and trichomoniasis.

Torrent Power: CRISIL has upgraded the long-term credit rating of non-convertible debentures and long-term bank facilities of the company to ‘AA+/Stable’ from ‘AA/Positive’ considering continued strong profitability and sustained improvement in the leverage levels. CRISIL has reaffirmed its rating on the short-term bank facilities and commercial paper programme at ‘A1+’.

Ambuja Cements: Consolidated profit fell sharply by 55.5% to Rs431 crore in Q4CY21, against Rs968 crore in Q4CY20. Revenue rose 2.3% to Rs7,625 crore, against Rs7,453 crore during the same period. The company has approved an investment of Rs3,500 crore, for a cement grinding expansion plan. The company approved final dividend at Rs6.30 per share.

Veritas India: Consolidated profit in Q3FY22 fell 40% yoy to Rs17.8 crore, against Rs29.5 crore in Q3FY21. Revenue increased 9% to Rs459crore during the quarter, up from Rs420.7 crore in same period last fiscal.

Wipro: The company has appointed Jasjit Singh Kang as Head of digital operations & platforms of its iCORE (Integrated Cloud Infrastructure, Digital Operations, Risk and Enterprise Cyber Security Services) business.

Surya India: Satyaprakash Gaur has tendered his resignation as Chief Financial Officer of the company, due to personal commitments and to pursue his other professional endeavours.