Ipca Laboratories has received reaffirmation in credit ratings and revision in outlook for long term / short term bank facilities (Rs 1140 crore) at CARE AA; Positive / CARE A1+.

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Hindustan Aeronautics (up 3.5%), IndiaMart InterMesh (up 1.52%), Syngene International (up 1.41%), Polycab India (up 1.4%), Dixon Technologies (up 1.21%), Ipca Laboratories (up 1.15%), MCX (up 0.76%), Oracle Financial Services Software (up 0.75%), Can Fin Homes (up 0.63%) and Indian Energy Exchange (up 0.6%) advanced.

The Nifty 50 index was up 62.35 points or 0.38% at 16,320.60. The Nifty crossed the 16,300 mark in early trade.

The National Stock Exchange (NSE) will include these stocks for trading in the futures and options (F&O) segment from 27 August 2021. The circular was issued after market hours yesterday, 9 August 2021. NSE will inform about the market lot, scheme of strikes and quantity freeze limit of the securities on 26 August 2021 through a separate circular.

Typically, stocks that enter the F&O segment gain ground due to absence of circuit filters and increase in institutional participation due to improved liquidity.

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Net profit of Ipca Laboratories declined 31.26% to Rs 306.66 crore in the quarter ended June 2021 as against Rs 446.13 crore during the previous quarter ended June 2020. Sales rose 2.05% to Rs 1565.79 crore in the quarter ended June 2021 as against Rs 1534.40 crore during the previous quarter ended June 2020.

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Ipca Laboratories announced that the 71st Annual General Meeting (AGM) of the company will be held on 2 September 2021.

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