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Stocks in news: ZEE, M&M Financial, Dr Reddy's, Wipro, Biocon

Agencies

Synopsis

Domestic markets rally on exit polls predicting Modi government's massive mandate. ZEE, M&M Financial, Dr Reddy's, Wipro, Biocon in focus. ZEE to discuss fundraising. M&M Financial reports increased disbursements. Dr Reddy's opens biologics facility in Hyderabad. ICICI Bank partners with Adani One for co-branded credit cards with airport-linked benefits. RVNL awarded Rs 440 crore project by South Central Railway.

Domestic markets have seen a one sided rally, taking heart from the exit polls which have predicted a massive mandate for the Modi government once again. In today's trade, shares of ZEE, M&M Financial, Dr Reddy's, Wipro, Biocon among others will be in focus today due to various news developments.

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ZEE
The Board of Zee Entertainment will meet on June 6 to consider and approve a fundraising proposal through issue of equity or any other securities.

M&M Financial
M&M Financial said its May overall disbursements were up 7% in May, while collection efficiency was at 96% for the reporting month.


Dr Reddy's
Dr Reddy's Labs arm Aurigene Pharmaceutical Services opened its biologics facility offering process development and clinical scale manufacturing capabilities in Hyderabad.

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ICICI Bank
ICICI Bank has partnered with Adani One launched a co-branded credit cards with airport-linked benefits.

Wipro
Wipro has appointed Bruno Schenk as Country Head & Managing Director for Switzerland, effective immediately.
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RVNL
RVNL has received a letter of acceptance for a project worth Rs 440 crore from South Central Railway.

Biocon
Biocon said it secured approval from US FDA for its vertically integrated, complex injectable product micafungin.


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