Here are the top stocks to watch in today s session:
Wipro: The IT services major s share buyback programme will commence today and close on January 11, 2021. In November, shareholders had approved the buyback plan for the purchase of up to 23.75 crore equity shares at Rs 400 per share.
AU Small Finance Bank: AU Small Finance Bank announced strategic partnership with ICICI Prudential Life Insurance to offer personalised insurance solutions.
3i Infotech: IT firm 3i Infotech has entered into definitive agreements to sell its software products business to the funds advised by Apax Partners for Rs 1,000 crore.
Axis Bank: Axis Bank is pruning its overseas operation as part of a strategy of focusing Indian market. It closed branches in Shanghai and Colombo last month while it is in the process of winding up Hong Kong Branch.
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NEW DELHI: Shares of Biocon fell nearly 4 per cent in Monday s trade after the biotechnology major said that the US health regulator has deferred action on the biologics license application (BLA) for a biosimilar to drug Avastin, used to treat various types of cancers.
Following the development, the stock fell 3.89 per cent to hit a low of Rs 463.05 on BSE.
Biocon s arm Biocon Biologics and Mylan, a subsidiary of Viatris Inc, have been informed by the US Food and Drug Administration (USFDA) of a deferred action on the BLA for MYL-1402O, a proposed biosimilar to Avastin (bevacizumab), Biocon said in a regulatory filing.