These 5 large-cap stocks are in the news on August 29

These 5 large-cap stocks are in the news on August 29

Indian Market
by 5paisa Research Team Last Updated: 2022-08-29T10:52:21+05:30

Let's find out why these 5 large caps are in the news on Monday.

ICICI Lombard General Insurance Company: The insurance company has launched its latest line-up of 14 new or enhanced insurance solutions, including riders/add-ons and upgrades across Health, Motor, Travel and Corporate segments. The insurance industry is witnessing a change in terms of types of risks emerging from the pandemic, climate change or data privacy. ICICI Lombard General Insurance Company has launched a new range of products aligned with these new needs of customers along with high-end technological solutions. At 10:35 am the share price is up by 0.51% and the scrip is trading at 1266.05.

Lupin Ltd: The pharmaceutical company has launched Desvenlafaxine Extended-Release Tablets, 25 mg, having received approval from the United States Food and Drug Administration (USFDA). Desvenlafaxine Extended-Release Tablets, 25 mg is a generic equivalent of Pristiq Extended-Release Tablets, 25 mg of PF PRISM C.V. Desvenlafaxine Extended-Release Tablets, 25 mg (RLD Pristiq) had estimated annual sales of $14 million in the U.S. At 10:35 am the share price is down by 0.69% and the scrip is trading at 648.30.

SRF Ltd: SRF the leader in refrigerants, engineering plastics and industrial yarns in India which also manufactures polyester films and fluoro specialities, has commissioned and capitalisation of capital expenditure project for the setting-up of a second BOPP Film Line & Metallizer at Indore. The project has been capitalized on August 25, 2022, at around Rs 446 crore. At 10:35 am the share price is down by 0.23% and the scrip is trading at 2935.25.

Adani Enterprises Ltd: On 26 August 2022, the company incorporated a Wholly Owned Subsidiary (WOS) namely, Raigarh Natural Resources (RNRL) an Initial Authorized Share Capital of Rs 10,00,000 and Paid-Up Share Capital of Rs 5,00,000 each to, inter-alia, carry on business in Mining of Coals and Other Minerals and to do all necessary and incidental activities in this regard. At 10:35 am the share price is down by 0.72% and the scrip is trading at 3116.80.

UltraTech Cement: The largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India has commissioned a cement capacity of 1.3 mtpa at Dalla Cement Works, Uttar Pradesh, resulting in the Unit’s capacity increasing to 1.8 mtpa. This is part of the first phase of capacity expansion announced in December 2020. With this commissioning, the company’s total cement manufacturing capacity in India now stands at 115.85 mtpa. At 10:35 am the share price is up by 0.34% and the scrip is trading at 6536.

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