Aurobindo Pharma: Early on March 20, Aurobindo Pharma’s stock price increased by almost 2 percent following the US Food & Drug Administration (USFDA)’s approval of the company’s nasal spray. Aurobindo Pharma was trading at Rs 1,003.90 on the BSE at 9:18 a.m., up Rs 14.50, or 1.47 percent. According to a press release, the company…
JBM Auto Ltd witnessed a significant surge of almost 10% in its shares today following the announcement that its subsidiary, JBM Ecolife Mobility Private Limited, secured a tender to operate as a bus operator. The tender entails the procurement, supply, operation, and maintenance of 1,390 electric buses, which accounts for approximately 65% of the total,…
Paytm: On March 19, One 97 Communications, the parent company of Paytm, saw its share price rise nearly 5% from the previous session. In just three days, the stock has risen by 14%. The payments company’s shares saw a huge increase when Yes Bank Securities upgraded it from “neutral” to “buy” and increased its target…
Sonata Software’s shares rose more than 3% in early trading on March 19 after the business announced a joint Go-to-Market deal with an end-to-end IT solutions and cloud-managed services provider. Sonata Software was trading at Rs 749.50 on the BSE at 9:28 a.m., up Rs 5.30, or 0.71 percent. Zones and Sonata Software will jointly…
HDFC Life Insurance has emerged from consolidation with heightened volume activity. Brokerages ICICI Securities and Axis Securities have both issued a “buy” recommendation on the insurer, identifying it as their top technical pick for the week. HDFC Life has demonstrated remarkable resilience amid recent market volatility, consistently outperforming the broader market. As per ICICI Securities,…
Adani stocks: Adani Group’s stock saw a drop of 2-4% on Monday after a Bloomberg report suggested that the US government might have widened its investigation scope. During early trading, Adani Enterprises, the flagship company of the group, experienced a nearly 4% decline to an intra-day low of Rs 2,976.05, while Adani Ports and Special…
LIC shares: Kotak Institutional Equities, a domestic brokerage firm, maintains a positive outlook on Life Insurance Corporation of India (LIC) and anticipates a substantial potential upside of up to 44 percent in the stock from its recent lows experienced on Monday. Investor interest in the company has surged following the approval by the central government…
Tata Steel: Tata Steel’s share price rose over 5% on March 18 due to significant volumes and many major transactions, boosted by China’s impressive industrial output growth. Tata Steel stock was trading at Rs 148.6 as of 12.20 p.m., increased by 4.9 percent from the prior close. Over two times as many Tata Steel shares…
Sudha Murty: At the India Today Conclave 2024, Rajya Sabha MP Sudha Murty revealed insights into the well-known anecdote of providing ₹10,000 to her husband NR Narayana Murthy to initiate Infosys, a renowned IT firm. Reflecting on a dispute from 1981, Sudha Murty recalled her husband’s aspiration to establish a software company despite their secure…
US probes Adani Group: As reported by Bloomberg, US prosecutors have heightened their scrutiny of India’s Adani Group, concentrating on potential bribery and the actions of billionaire founder Gautam Adani, according to informed sources. The inquiry, spearheaded by the US Attorney’s Office for the Eastern District of New York and the Justice Department’s fraud unit…
