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Stocks in Focus: Lupin, Paytm, Exide Industries, ICICI Prudential, and Others

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The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.33% higher by 75 points at 22,834, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday. 

On Tuesday, 9 April, Domestic benchmark index S&P BSE Sensex crossed the historic 75,000 mark during the intraday trading session. Sensex lost 58.80 points, or 0.08%, to end at 74,683.70 while the Nifty50 closed 23.55 points or 0.10% lower at 22,642.75.

Here are some stocks that are likely to remain in focus on 10 April.

Paytm: The Managing Director and CEO of the company’s banking arm, Paytm Payments Bank Ltd has handed in his resignation. 

Exide Industries: The company has acquired a 26% stake in Clean Max Arcadia Private for a total consideration of Rs 5.34 crore.

ICICI Prudential: The company has received a GST demand order worth Rs 20.50 crore for the assessment year 2018-19. 

Lupin: The company has announced its plans to launch its first generic version of Oracea (doxycycline capsules, 40 mg) in the US. 

Interglobe Aviation: The company’s airfares have seen a sharp increase of 20-25%, which comes in the wake of the cancellation of Vistara flights and the robust demand for air travel.

Shyam Metalics: The company has expanded into stainless steel flat products by setting up a new manufacturing facility with a capacity of 0.3 million tonnes per annum. It will specialise in the production of 200 and 400-series stainless steel hot-rolled coils. 

Protean Egov Technologies: The company has announced its plans to launch a qualified institutional placement (QIP) with a base issue size of Rs 170 crore and a green shoe option of Rs 75 crore. 

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