Sagility India made a decent debut on the stock market, listing at Rs. 31.06 per share, a 3.53% gain over its issue price of Rs. 30. While the IPO received a moderate subscription of 3.2 times, the listing performance is considered positive given the company’s specific focus on the U.S. healthcare market, which is subject…
Amidst high volatility and a high trade volume, the Securities Transaction Tax (STT) collection has reached nearly 97 per cent of the current fiscal budget estimates (BE). With around 140 days left in the current fiscal year, it is set to exceed BE by a good margin. Data released by Income Tax Department shows, during…
Domestic markets are expected to open flat amid mixed global cues. With the second quarter results season coming to an end, analysts expect fund flow to anchor market direction. Gaurav Garg, Research Analyst at Lemonn Markets Desk, said with the earnings season nearing its end, volatility is expected to remain elevated. “In this environment, traders…
Max Healthcare Institute has completed the acquisition of 100 per cent equity stake of Jaypee Healthcare Ltd on Monday, upon acquisition of remaining 15,53,90,769 equity shares constituting to 36.35 per cent equity stake for an aggregate consideration of ₹227 crore. Consequently, JHL has become a wholly-owned subsidiary of the company. Telecom gear maker HFCL Ltd…
Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for HCL Technologies. Barring the fall below ₹1,800 in the last week of October, the stock has been trading well inside a bullish channel. The chances are high for the stock now to rise towards upper end of this channel.
Shares of Asian Paints plunged 9 per cent in early trade on Monday following Q2 results recording a 43.71 per cent decline in consolidated net profit to ₹693.66 crore for the September quarter 2024, missing analysts’ expectations on all fronts. The performance was impacted by soft-demand conditions, material price inflation, and performances of the decorative…
Alembic Pharmaceuticals Limited announced today it has received final approval from the US Food & Drug Administration (USFDA) for its generic version of Diltiazem Hydrochloride Extended-Release Capsules. The approval covers five dosage strengths: 120 mg, 180 mg, 240 mg, 300 mg, and 360 mg. The shares of Alembic Pharmaceuticals Limited were trading at ₹140.40 up…
Indian benchmark indices recovered from their lower opening to trade in the green during Monday afternoon trading, with the BSE Sensex rising 315.84 points or 0.40 per cent to 79,802.16 at 12.30 PM. The broader NSE Nifty gained 90.05 points or 0.37 per cent to reach 24,238.25. Market breadth remained negative with 2,275 stocks declining…
Norton Motorcycles, the British premium motorcycle manufacturer owned by TVS Motor Company, announced today that CEO Dr. Robert Hentschel is stepping down from his position with immediate effect. Hentschel, who led the company since 2021, will transition to a non-executive director role. The shares of TVS Motor Company Limited were trading at ₹2,466.05 down by…
Digital engineering firm Mastek has secured a spot in Information Services Group’s (ISG) Booming 15 category for the third quarter of 2024, maintaining its consecutive quarterly presence in the rankings. The company earned this recognition in the global, Americas, and EMEA markets based on its contract wins over the past 12 months. The shares of…
