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Stocks in news: IRFC, Voltas, IDFC First Bank, Alembic Pharma, Lupin
The Economic Times· 2026-02-25 00:41
Company Developments - The government will sell up to 4% stake in Indian Railway Finance Corporation (IRFC) via an offer for sale (OFS), with 2% equity offered initially and an additional 2% as a green shoe option [5] - Voltas expects air conditioner prices to increase by 5-15% this year due to rising copper prices and the weakening of the rupee against the dollar [5] - Voltas anticipates domestic air conditioner sales to grow by 15-20% in 2026 compared to last year, which was challenging for the industry [5] - Alembic Pharmaceuticals has received final approval from the USFDA to market Efinaconazole Topical Solution (10%), a generic antifungal medication [3][5] - Lupin has received approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Brivaracetam Oral Solution 10 mg/mL, which is indicated for treating partial-onset seizures in patients aged 1 month and older [4][5] Industry Insights - The air conditioning market in India is expected to face price increases due to external factors such as copper prices and currency fluctuations [5] - The establishment of a high-level committee by the Haryana government to investigate unauthorized fund transfers from IDFC First Bank indicates regulatory scrutiny in the banking sector [4][5]