Muskan 
November has seen a 4% drop in the Nifty Pharma index. Even though the Indian Pharma Market grew on a high base in October, the selling pressure in the domestic markets is what caused this fall. According to reports, the growth of the pharmaceutical market in October 2024 stayed in the mid-single digits. Although last … Read more
NTPC Green Energy, a division of NTPC Ltd., is set to go up for auction Tuesday in one of the largest initial public offerings (IPOs) of 2024. With a brand-new offering, it hopes to raise Rs 10,000 crore. Following Hyundai Motors India’s Rs 28,756 crore offering and Swiggy’s Rs 11,327 crore listing, this IPO will … Read more
The IPO for Lamosaic India is scheduled to open on November 21. The goal of Lamosaic India’s SME IPO is to raise 61.20 crores. There are 600 shares in the market lot for the Lamosaic India IPO, and the price range is set at ₹200. Established in 2020, Lamosaic India Public Limited began marketing and … Read more
Mankind Pharma Limited, a major player in the pharmaceutical industry, announced on Friday (November 15) through an exchange filing that its wholly owned subsidiary, Bharat Serums and Vaccines Limited (BSV), has pledged 39.68 percent of BSV’s equity shares to Catalyst Trusteeship Limited as security for non-convertible debentures (NCDs) worth Rs 5,000 crores. Pledge Agreement Details … Read more
President-elect Donald Trump’s intentions to remove a significant consumer tax credit intended to encourage the adoption of electric vehicles were published by Reuters, which caused a decline in U.S. auto stocks and Asian battery manufacturers. Trump team seeks to eliminate tax credit Under Trump’s transition team, the $7,500 tax credit for electric vehicle purchases is … Read more
Reliance Infrastructure Ltd., which recently declared its intention to seek new capital to support its operations and became debt-free, stated on Tuesday that it would invest Rs10,000 crore in an integrated defense project in the Ratnagiri area of Maharashtra. The business says that over the next ten years, the Dhirubhai Ambani Defence City (DADC) project … Read more
Grasim Industries reported a 66 percent drop in its consolidated net profit to Rs 390 crore in the second quarter, compared to Rs 1,164 crore in the previous year quarter, due to lower cement sales realisations and planned investments in the paints business under the Birla Opus brand, on November 14. In the quarter ended … Read more
Hindustan Aeronautics (HAL) shares have been posting lower tops and lower bottoms on the daily chart, following a slide from an all-time high of Rs 5,674.75 in July of this year. The stock has since corrected by over 28%, including an 8.15% drop in the last month. On the stock’s daily chart, the share price … Read more
The company’s standalone net profit for the quarter ending in September 2024 increased by 8% to Rs 1010 crore, which is why shares of Eicher Motors will be the focus of attention today. Eicher Motors lags behind in quarterly comparisons, although showing consistent growth on a yearly basis. Even though the two-wheeler category experienced seasonal … Read more
Vodafone Idea Ltd’s profits increased marginally to ₹10,932 crore from ₹10,716 crore in the September quarter, while losses decreased to ₹7,175 crore from ₹8,746 crore in the same period last year. But the beleaguered telecom provider persisted in calling for additional industry-wide tariff simplification, pointing to the necessity of paying capital expenses. Due to rate … Read more