Free Stock Tips for Today (28th June)
Indiabulls Real Estate
Indiabulls Real Estate has bought 10.08 per cent stake in its subsidiary Indiabulls Infrastructure for Rs 358 crore. Indiabulls has become 100 per cent subsidiary of Infrastructure Company after the deal.
The Federal Bank’s QIP issue will be closed today. Its issue price has been kept at Rs 116 per share.
Dr. Reddy’s / Lupine
These have been accused of arthritis, patent infringement of ulcer medicine. US pharmaceutical company Horizon Pharma has blamed these. Horizon Pharma has filed a petition against these companies in the US Court. Selling generic medicine VimOVO in the US may be prohibited. The patent of Vimeo will expire in February 2023.
Company board meeting is proposed for considering the buyback.
Promoter Human Investments has mortgaged 13.76 per cent share of Kesoram Industries.