In November, the Nifty Pharma index had a 4% drop. Even though it started on a high base, the growth of the Indian pharmaceutical industry in October was not particularly encouraging, and the selling pressure in the domestic markets is what caused this fall. According to reports, the growth of the pharmaceutical market in October…
Bharat Serums and Vaccines Limited (BSV), a fully-owned subsidiary of Mankind Pharma Limited, has pledged 39.68 per cent of its equity stake to secure non-convertible debentures (NCDs) worth ₹5,000 crores. As the common security trustee for these NCDs, Catalyst Trusteeship Limited was designated by SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. The share price…
In early morning trading on Thursday, November 14, shares of Eicher Motors, the world leader in the middleweight motorbike market, jumped by about 8% to ₹4,940 per share after the firm reported a higher-than-expected quarterly profit on Wednesday. Strong sales of higher-margin motorcycles with engine displacements greater than 350 cc propelled the rhythm. Despite fierce…
The shares of Varun Beverages increased 5% during Thursday’s trading session, reaching an intraday high of Rs 595.65 on the BSE. The company’s introduction of qualified institutional placement (QIP) is the reason for the buying interest in the stock. Varun Beverages’ stock was up 1.33 per cent at Rs 575.35 a share on the BSE…
On Wednesday, state-owned Nalco said that because of increased operating income, its consolidated profit increased more than fivefold to Rs 1,045.97 crore for the quarter that ended in September 2024. During the previous year, National Aluminium Company Ltd. (Nalco) reported a consolidated profit of Rs 187.35 crore, according to a stock exchange filing. The latest…
On Thursday, November 14, Niva Bupa Health Insurance shares made a respectable market debut, listing at ₹78.14 on the NSE, 5.5 per cent above the issue price of ₹74. It listed at ₹78.5 on the BSE, up 6.08 per cent from the IPO price. Subscriptions for Niva Bupa’s ₹2,200 crore initial public offering (IPO) were…
In order to recoup around Rs69.9 lakh in unpaid debts, market watchdog Securities and Exchange Board of India (SEBI) has ordered the attachment of Venugopal Dhoot’s bank and demat accounts as well as those of Videocon Group promoter Electroparts (India) Pvt Ltd. Electroparts (India) and its CEO, Mr Dhoot, received a notification from SEBI on…
Higher-than-expected sales volumes helped offset low costs of the essential building material, as India’s Shree Cement exceeded second-quarter profit projections on Monday. With a net profit of 931.3 million rupees ($11 million) for the three months ending September 30, the nation’s third-largest cement manufacturer by market capitalization reported an 81% decrease from the same period…
With Tesla’s stock reaching its highest level in over two years, investors are flooding into bullish options bets on the electric vehicle manufacturer, hoping that Elon Musk’s strong relationship with President-elect Donald Trump will help the company. Tesla’s stock has risen more than 35% since the election on November 5 and was up almost 8%…
Today (November 12), FSN E-Commerce Ventures, the company running the Nykaa brand of beauty and wellness items online, is prepared to release its September quarter (Q2 FY25) financial results. According to news reports, Nykaa will post strong results for the current quarter because of the expansion of its Beauty and Personal Care (BPC) division. According…