Stocks Market : Indian Overseas Bank, Poddar Housing, SH Kelkar, DFM Foods

✅ DFM Foods to consider for stock split on Aug. 6.  

✅ Poddar Housing and Development acquires 5,800 square metres land in Pune, with a saleable area of 1.4 lakh square feet.   

✅ Indian Overseas Bank receives communication for infusion of Rs 2,157 crore by the government.   

✅ SH Kelkar expects revenue growth this quarter to be moderate.

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Cadila Healthcare Share Price Rallies After Receiving FDA Boost

Cadila Healthcare Share Price Rallies After Receiving FDA Boost – Shares of the drugmaker rose as much as 3.8 percent to Rs 363.10.

The pharmaceutical company received a green signal from the U.S drug regulator Clindamycin Phosphate Topical Solution, used to treat acne, according to its stock exchange filing.

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JTEKT Stock Rebounds After Block Deal

Gold Silver Reports (GSR) – JTEKT Rebounds After Block Deal – Shares of the engineering company parred early losses and rose as much as 6.5 percent to Rs 102.

About 1.14 crore shares changed hands in a block deal, according to Bloomberg report. Buyers and sellers were not known immediately.                

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PC Jeweller Prices Tanks After Scrapping Buy-Back

Gold Silver Reports (GSR) – PC Jeweller Prices Tanks After Scrapping BuyBack – The company withdrew its Rs 424-crore share buyback offer with immediate effect after the company failed to receive the requisite no-objection certificate from its bankers, according to its stock exchange notification.             

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