News

Big Fall In IT Erases Value Of LIC’s Investment By ₹42,500 crore In 2 Months

LIC Sees Maximum Value Erosion In Infosys & TCS (₹26,510 crore)

Shares of Eternal Ltd are trading in the red, putting the stock in the Nifty top losers list.

Shares of Indoco Remedies gained as much as 7% after the company received a USFDA nod for Brivaracetam Oral Solution. The stock has since pared some of its gains.

Alankar Garude, Kotak Institutional Equities On CNBC-TV18

Broadly, The Mood In The Pharma And Healthcare Sector Is Positive

Emerging Markets Trends Continue To Remain Healthy

Outlook For Margin In The Pharma Sector Appears Strong

Prefer Companies Like Lupin With More US Generics Exposure

Caplin Point Subsidiary Gets US FDA Approval For Sodium Phosphates Injection

Sodium Phosphates Injection is indicated To Prevent Or Correct Hypophosphatemia

Rajiv Bajaj, Bajaj Auto

Export Has Been A Standout  Vertical In Last few Months

Nigeria Now Has Monthly Run-rate Of 30,000 & May Hit 35,000-40,000 Units Soon

In LATAM, Sold 50,000 Units Of 2-wheelers & 5,000 3-wheelers In Jan

Expect Export To Be Around  2.50 Lakh Units From April

EU Deal Will Be Hugely Positive For India, Especially For The Auto Ind

EBITDA Was Above 20% Even  After 50% Tariff For The US Exports

We Exports Around 15,000 Units/Year Of Triumph & Dominar To The US

Bajaj Auto Sales To Sri Lanka  Were 10,000 Units Per Month

Slashing of RoDTEP Duties By 50% Is Bound to Have A Negative Impact on Exports

RoDTEP Cut Won’t Impact Co Majorly, But For Many Exporters, It Will Impact Significantly

PLI Claims Will Be To The Tune  Of ₹1,000 Crore

Over ₹642 Crore Of PLI Claims Have Already Been Granted To Us

Have Stabilised Production Of Electric Two-Wheelers To About 30,000 Units/Month

Will Increase Electric 2-wheeler Production To 40,000 Units/Month By April

Eris Lifesciences Announces Partnership With Natco Pharma For Semaglutide Launch In India

The index is currently down 25,456.65.

Bharti Airtel, Infosys, TCS, L&T, HCLTech are the top contributors towards its downside.

A total of 41 of the 50 stocks are trading with losses at the moment.

Tech Mahindra, HCLTech, Eternal, Infosys, TCS are the top losers right now.

L&T’s two business verticals have jointly won a ‘significant’ order from the department of atomic energy to establish the LIGO India Observatory.

The observatory is set to come up at Aundha in Maharashtra’s Hingoli district.

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Brivaracetam Oral Soln Is Used For Treatment Of Partial-onset Seizures In Patients 1 Month Of Age

Suzlon has appointed Ajay Kapur as its new CEO with effect from today. He was previously the MD at Ambuja Cements.

The company also elevated its present group CEO to a member of the Group Executive Council.

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Shilpa Medicare’s material subsidiary has inked a licensing agreement with SteinCares and it will commercialise a biosimilar across Latin America.

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Here are a few stock recommendations by Dharmesh Shah, Assistant VP, ICICI Securities:

Buy Bank of Maharashtra with a stop loss of ₹65 and a target of ₹79

Buy Tata Steel with a stop loss of ₹198 and a target of ₹228

Suzlon Group To CNBC-TV18 | JP Chalasani, & Girish Tanti, Executive Vice Chairman:

Group Executive Council To Focus On Mid To Long-term Planning And Projects

Renewables Set To Become A Mainstream Energy Source For The Country

Currently Co Is Only A Wind Player, Focus On Becoming A FDRE Player Too

FDRE Is Firm & Dispatchable Renewable Energy

Not In Any Discussion With Adani For Equity Investment Into Suzlon

Will Focus On Expansion & Institutional Scale Building For Next 3 Years

Confident Of Core Business Growing Beyond FY28

Continue Growing Momentum In The Wind Business

Expand Wind Business To Global Markets In The Coming Years

Focus On FDRE Business Growth

Shilpa Medicare | SteinCares & Arm Shilpa Biologicals Enter Into Licensing Agreement

Co To Expand Access To Biosimilars Across Latin America

Arvind, Gokaldas Exports, Vardhman Textile declined as much as 6% today after the DGFT notified a 50% RoDTEP across all lines with immediate effect.

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L&T Bags Order In The Range Of Rs 1,000-Rs 2,500 Cr From LIGO India

Suzlon Energy appoints Ajay Kapur as CEO with effect from February 24.

Ajay Kapur’s last held position was of Ambuja Cements MD.

Here are a few stock recommendations by Mitessh Thakkar, President – Retail Research, Bonanza Portfolio:

Sell Mazagon Dock with a stop loss of ₹2,304 and a target of ₹2,230

Sell AU Small Finance Bank with a stop loss of ₹986.50 and a target of ₹950

Buy HDFC Life with a stop loss of ₹729 and a target of ₹756

Buy Biocon with a stop loss of ₹379 and a target of ₹405

Vimal Kejriwal, MD & CEO, KEC International On CNBC-TV18:

Generated Around `800-1,000 Cr Revenue Over Last Few Years For Data Centers

Expect `1,000 Cr Annual Revenue From Data Centers In Next Couple Of Years

Co Will Not Require Additional Capex For Data Center

Water Project Delays Continue To Be Under Pressure

Labour Shortage Continues, Don’t See It Easing In March As Well

Water Project Receivables Stand At Around `800 Cr

Arbitrations Ongoing For The Railway Projects

Expecting Cash From Large Receivables To Come In Soon

IDFC Bank shares are trading with minor cuts after a sharp sell-off in yesterday’s trade on Rs 590 cr fraud

Here are a few stock recommendations by Sudarshan Sukhani, Proprietor, Technical Trends:

Buy RVNL with a stop loss of ₹315

Buy Nestle India with a stop loss of ₹1,290

Sell IndusInd Bank with a stop loss of ₹940

Sell Phoenix with a stop loss of ₹1,760

The index is at 61,287.45 at the moment.

The index is at 25,487.30

HCLTech is the top Nifty loser. IT stocks are dragging losses by trading up to 3.9% lower

As many as 40 of the 50 stocks are trading with losses.

Textile stocks under pressure, DGFT says, Remission Of Duties & Taxes On Exported Products (RoDTEP) to be restricted to 50% of notified rates

The IT index is down 2.7%

All 10 stocks in the index are trading with losses, down 1.2%-to 3.3%.

Persistent Systems, HCLTech, Infosys, Coforge, Tech Mahindra are the top losers in the index.

IT, Auto Stocks Fall The Most

One Mobikwik shares are up 10% after the company received BSE approval to commence stock broking business

Market opens largely in the red, Nifty below 25,650. #NiftyIT extend losses, index faslls nearly 2%

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