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Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa.

FDC share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator.
The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa.
The GMP certificate was issued after a recent inspection of the two plants.
At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months.
GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues

DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling.

The share price of Gujarat Narmada Valley Fertilizers & Chemicals was down over 2 percent in the morning trade on January 3 after the Department of Telecommunications slapped a Rs 15,019-crore demand notice on the company. The notice takes to Rs 3.13 lakh crore the amount DoT has sought from non-telecom companies following a Supreme Court ruling.
DoT earlier sought Rs 1.47 lakh crore from Bharti Airtel, Vodafone Idea and other telecom companies after the Supreme Court’s order on revenues that needed to be taken into consideration for payment of government dues. Its demand notices for non-telecom companies are double of those of the telecom firms.
GNFC said it received a demand notice on December 23, 2019, seeking payment of more than Rs 15,019 crore before January 23, 2020 for financial years 2005-06 to 2018-19 in connection with its V-SAT and ISP licences, the company said in a filing to the exchanges.
The company is examining the notice and seeking expert advice on the Supreme Court’s order. Based on the advice, the company will decide its next move, GNFC said.
ONGC share price gains 4% as co wins all 7 blocks

ONGC was the sole bidder in five blocks in Madhya Pradesh and one in West Bengal and it was locked in competition with Oil India in one block in Rajasthan.

Shares of Oil and Natural Gas Corporation (ONGC) share price added over 4 percent in the early trade on January 3 as the company bagged all seven oil and natural gas blocks on offer in the latest bid round that saw just eight bids coming in.
It has signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present.
ONGC was the sole bidder in five blocks in Madhya Pradesh and one in West Bengal and it was locked in competition with Oil India in one block in Rajasthan.
ONGC walked away with all the seven blocks on superior bids.

SourcesFDC, GNFC, GMP, ONGC, Market, Stock Market News

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