Huge gains for Cipla, Alkem Labs and Dr Lal Path, even as IndiGo, Chalet Hotels and IHC tank
The pharma index had taken a breather over the past three months after displaying relative out-performance during CY20-21.
Stock market LIVE: The NSE Nifty swung in a range of 174 points, and finally settled at 17,999, down 110 points
In November 2018, Cipla had announced that InvaGen Pharmaceuticals Inc has entered into definitive agreements to acquire US-based speciality business firm Avenue Therapeutics
Delays in consignments, rising prices of key ingredients worry industry
Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure
The broader markets may swing to the global cues, while individual stocks are likely to react to corporate earnings and company specific developments in trade today
Sequentially, however, the company has posted muted growth-revenue growth of 0.3%, and a PAT decline of 0.5%. Ebitda dipped sequentially too, by 9%
Only 3 firms - Novo Nordisk, Sanofi, and Eli Lilly - supply insulin to patients in the US. These three companies, commonly called the 'Big Three', control over 90 per cent of the global insulin market
With a funding frenzy currently underway in India, Cipla may struggle to find attractive targets
On the upside, the Nifty may face resistance in the range of 17,950-18,000, says the technical analyst from HDFC Securities
Over the medium term, success of the new launches in the US would drive gains
Stocks from the banking, real estate and auto sectors will be in focus amid the RBI policy outcome later today
The company posted a 27% YoY increase in income from operations, at Rs 5,504 cr. Ebitda grew 28% to Rs 1,346 cr with a resulting Ebitda margin of 24.5%
Business Standard brings you the top headlines on Thursday
In this first instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Sohini Das looks at India's pharmaceutical sector
After hitting a new all-time high of Rs 997 earlier today, the stock of Cipla is all set to rally towards Rs 1,100
At this stage, there is no definitive agreement on commercial supplies, the company said in response to media queries on vaccine import
Vodafone Idea is likely to post a narrowing of losses in Q4FY21 even though subscriber losses and zero IUC regime may dent the top-line
Business Standard brings you the top headlines on Wednesday