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Cipla Shares Gain Attention as CDSCO Approves Launch of Inhalation Insulin – A Game Changer?

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Cipla Shares Gain Attention as CDSCO Approves Launch of Inhalation Insulin – A Game Changer?

Cipla, a pharmaceutical company, announced on Wednesday that the Central Drugs Standard Control Organization has given it permission to market and distribute Afrezza inhalation powder in India. The firm claims that Afrezza, a medicine developed and produced by MannKind Corporation (MannKind) USA, helps adult patients with diabetes mellitus achieve better glycemic control. Cipla will make … Read more

NTPC Green Energy Near Record High on Game-Changing Order Book Update – What’s Driving the Surge?

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NTPC Green Energy Near Record High on Game-Changing Order Book Update – What’s Driving the Surge?

NTPC Green Energy Limited (NGEL) shares rose after its subsidiary, NTPC Renewable Energy Limited (REL), won a large contract in an e-reverse auction held by the Solar Energy Corporation of India (SECI), the company said in an exchange filing. The statement increased NGEL’s share price by 3.5% to ₹151.9 on the BSE at 9:15 am … Read more

Asian Paints in Spotlight as LIC Boosts Stake to 7% – What It Means for Investors!

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Asian Paints in Spotlight as LIC Boosts Stake to 7% – What It Means for Investors!

The state-owned Life Insurance Corporation of India (LIC) announced in a regulatory filing on Tuesday that it had raised its ownership of Asian Paints from 5.001% to 7.01%. LIC acquired shares of the paint giant on the open market between January 1, 2024, and December 9, 2024, at an average price of ₹2,891.25 per share, … Read more

DMart Shares Slide 3% After Goldman Sachs Slashes Target Price to ₹3,425 – Time to Worry?

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DMart Shares Slide 3% After Goldman Sachs Slashes Target Price to ₹3,425 – Time to Worry?

The shares of DMart’s parent company, Avenue Supermarts, fell 3% during Wednesday’s trading session and hit an intraday low of Rs 3,699.65 per share on the BSE. Global stockbroker Goldman Sachs reduced its target price on the company, according to Bloomberg, from Rs 4,050 per share to Rs 3,425 per share while keeping a “Sell” … Read more

Swiggy Shares Tumble 4% as IPO Lock-In for 6.5 Crore Shares Expires – What’s Next?

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Swiggy Shares Tumble 4% as IPO Lock-In for 6.5 Crore Shares Expires – What’s Next?

Swiggy’s stock fell about 5% in early trading on Wednesday as investors were uneasy following the expiration of the company’s one-month lock-in period for pre-listing stockholders. According to a recent study by Nuvama Alternative and Quantitative Research, up to 6.5 crore shares—or 3% of Swiggy’s total outstanding equity—will be traded on the secondary market. Shares … Read more

Vodafone Idea Shares Gain Over 2% – Unveiling the Catalyst Behind the Climb!

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Vodafone Idea Shares Gain Over 2% – Unveiling the Catalyst Behind the Climb!

The stock price of Vodafone Idea increased by more than 2% in early trading on Tuesday, December 10, the day after the firm declared that its board of directors had authorized the issuing of up to 175.53 crore shares to two Vodafone Group companies on a preferential basis in order to raise up to ₹1,980 … Read more

Greaves Cotton Shares Soar 15% as Vijay Kedia Invests ₹25 Crore – What’s Next for Investors?

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Greaves Cotton Shares Soar 15% as Vijay Kedia Invests ₹25 Crore – What’s Next for Investors?

The price of Greaves Cotton’s stock shot up 18% today when Vijay Kedia, a top investor, purchased stock in the small-cap company. After closing at Rs 213.24, the shares opened much higher at Rs 228.40. With Greaves Cotton shares jumping 18.18% to reach an intraday high and a new 52-week high of Rs 252, a … Read more

ITI Share Price Hits Record High, Soars 40% in Just 3 Days – What’s Driving the Rally?

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ITI Share Price Hits Record High, Soars 40% in Just 3 Days – What’s Driving the Rally?

The price of ITI shares continued to see tremendous purchasing activity on Tuesday, December 10, as they surged nearly 10% to reach a new all-time high of ₹404 on the NSE for the third straight session. At a record high of ₹404, the price of ITI shares jumped as much as 9.8% from its previous … Read more

Swiggy Shares Surge 6% After CLSA’s ‘Outperform’ Rating

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Swiggy Shares Surge 6% After CLSA’s ‘Outperform’ Rating – Is It Time to Buy?

Global brokerage firm CLSA is the most recent to join the rising number of analysts who are bullish about Swiggy, the massive food delivery service. The company has given Swiggy’s stock a “outperform” rating, with a target price of ₹708 that indicates a possible gain of around 32%. Following CLSA’s commencement report, the food delivery … Read more

IGL Board Meeting Today: Will Bonus Shares Spark a Rally in Stock Prices?

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IGL Board Meeting Today: Will Bonus Shares Spark a Rally in Stock Prices?

IGL had previously declared a stock split in 2017, splitting a single share with a face value of ₹10 into five shares with a face value of ₹2. In addition, IGL has been the first of its peers to provide bonus shares to its owners, as neither Gujarat Gas nor Mahanagar Gas had previously made … Read more