Page 395 - Markets

Lupin hits 52-wk high; rallies 7% on US FDA nod for key respiratory drug

Lupin has received US FDA nod for Tiotropium Bromide Inhalation Powder in the strength of 18 mcg per capsule. The drug is a generic equivalent of Spiriva HandiHaler, used for pulmonary patients

Tega Ind at record high after 4% stake sale by promoters; up 53% since May

On June 19, Tega's promoters sold over 2.7 million equity shares, amounting to 4.1 per cent of the total equity share capital, to meet the minimum public shareholding norms

Fag-end buying lifts Sensex 159pts, Nifty atop 18,800; TaMo, HCL Tech up 3%

Closing Bell on June 20, 2023: Afternoon buying in Tata Motors, HCL Tech, Kotak Bank, RIL, Power Grid, Infosys, L&T, Axis Bank, TCS, and Tech M lifted the indices

IIFL Securities to approach SAT against Sebi order on taking up new clients

The statement comes after the capital markets regulator Sebi on Monday barred IIFL Securities from onboarding new clients for two years for alleged mis-utilisation of client funds

Tata Motors nears record high on improved outlook; zooms 50% so far in 2023

Improved gross cash accruals and strong liquidity position with the management's focus to attain zero net auto debt is expected to lead to significant improvement in leverage and debt coverage metrics

IndiGo hits new peak post 500 Airbus aircraft order; experts see 28% upside

Morgan Stanley has maintained its 'Overweight' rating on the stock post the acquisition, with a target of Rs 3,126

Fusion Micro, Spandana: Rally in MFI stocks has more legs, say analysts

Analysts expect the sector to see strong loan growth in FY24 and FY25 driven by increase in ticket sizes, strong customer acquisitions, and regulatory tailwinds

Sensex falls 216 pts, Nifty holds 18,750; pvt banks, RIL, Adani Ent weigh

CLOSING BELL on June 19, 2023: The BSE Sensex whipsawed 527 points intra-day today

NBFCs in focus; Five Star, M&M Finance, CreditAccess rally up to 10%

According to Incred Research Services, their interactions with various MFI branches and experts indicate consistency in disbursement growth, primarily led by a surge in new customer acquisition

Nykaa Investor Day 2023: How analysts view the e-retailer's growth plans

They forecast up to 45 per cent upside from current levels over the next one year

Skipper soars 15%, hits 52-week high on winning orders worth Rs 1135 crore

As on March 31, 2023, Skipper had order book position of Rs 4,551 crore, which constitutes 20 per cent exports and 80 per cent domestics orders

Ashok Leyland hits record high in subdued market; rallies 8% in two days

The company said it has partnered with 'Aidrivers' for producing autonomous electric terminal trucks to address the Net Zero emissions needs of the port industry

Street Signs: Beefing up colocation facility, auditors on the run & more

NSE to expand colocation facility offerings, the allotments for these racks are to be done over the next six months by the first-in, first-out method

Markets are pricing in some risks to growth: Julius Baer India's Kulkarni

India has emerged as a favourite destination for investors amid global developments, and the growth prospects here are catching the attention of many, says Unmesh Kulkarni, MD, Julius Baer India

Solid Q4 results, return of FIIs, improving macros drive market's surge

A combination of factors -- better corporate Q4 results in FY23, return of the foreign institutional investors (FII) have together taken the country's stock markets on a record high, said experts

Domestic-focused sectors push market up; IT, commodities pull it down

Domestic and private consumption oriented business sectors are driving up the Indian stock markets, which are nearing their high points, experts said.

Ahmedabad-based RBZ Jewellers files preliminary IPO papers with Sebi

RBZ Jewellers has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). According to market sources, the Ahmedabad-based B2B and retail jewellery firm would raise Rs100 crore through the IPO. Proceeds from the issue to the tune of Rs 80.75 crore will be utilized for funding the working capital requirements of the company and for general corporate purposes. The company's revenue from operations rose 14.21 per cent to Rs 287.93 crore in FY2023 from Rs 252.11 crore in FY2022. Besides, profit after tax (PAT) surged 55 per cent to Rs 22.33 crore in fiscal 2023 from Rs 14.41 crore in the preceding financial year. Arihant Capital Markets Limited is the sole book-running lead manager to the issue. The equity shares are proposed to be listed on BSE and NSE.

With falling inflation, stock markets about to hit 52 week high levels

With falling inflation, and healthy economic numbers, the two Indian stock markets opened and closed at a higher note on Friday and are near their 52 week high levels

Sensex rallies 467 pts, Nifty tops 18,800; RIL, HDFC duo lead, IT caps gain

CLOSING BELL ON JUNE 16, 2023: At the high point of the day, the Sensex was just 63 points shy from its record high, and the Nifty 22 points; Debutant IKIO ends at 42 per cent premium over issue price

Stock of this ship building company has zoomed 50% thus far in June

Shares of Mazagon Dock Shipbuilders hit a new high of Rs 1,213.40, surging 15% on the BSE in Friday's intra-day trade. Over 8 per cent of total equity of the company changed hands on the NSE and BSE