Sebi raised the minimum amount required for a basic service demat account on Friday from Rs 2 lakh to Rs 10 lakh to encourage small investors to participate in the securities market. According to a circular from the Securities and Exchange Board of India (Sebi), the new rules will take effect on September 1. Small…
Dr. Reddy shares: On Thursday, shares of Dr. Reddy’s Laboratories surged by 2.7% to Rs 6,235.90 on the BSE. The stock’s rise followed the company’s acquisition of the OTC brand Nicotinell from London-based consumer healthcare giant Heleon, which was announced on Wednesday. Dr. Reddy, based in Hyderabad and known for its pharmaceuticals, acquired one of…
MapMyIndia shares: Shares of C.E. Info Systems, the company behind MapMyIndia, surged by 20% to achieve a new all-time high during today’s afternoon trading session. This increase followed a buy recommendation from international brokerage Goldman Sachs, which initiated coverage on the stock. Goldman Sachs has projected a potential upside of 40% for the stock, setting…
Zydus Life Q4 results: On May 17, Zydus Lifesciences reported a consolidated net profit of Rs 1,182 crore for the March quarter, a fourfold increase from the Rs 296 crore recorded in the same period last year. The company’s revenue rose to Rs 5,533 crore, marking a 10 percent increase from the previous year, according…
Stocks: On Wednesday, the Bombay Stock Exchange (BSE) revealed its decision to incorporate Bajaj Auto, Bharat Petroleum, and State Bank of India (SBI), alongside three Tata Group companies, within the 25 stocks qualifying for optional T+0 settlement, effective March 28. Earlier this month, the capital markets regulator introduced a framework to roll out the beta…
