Ajanta Pharma Ltd is quoting at Rs 2982.3, up 1.25% on the day as on 12:44 IST on the NSE. The stock is up 52% in last one year as compared to a 19.56% spurt in NIFTY and a 38.42% spurt in the Nifty Pharma.
Posts in category Business Standard
Paytm rallies 6%, trades higher for fifth straight day; nears 52-week high (22-11-2024)
The stock has rallied 19% in five trading days and is quoting at its highest level since November 2023
NTPC Green Energy’s Rs 10,000 cr IPO gets fully subscribed on final day (22-11-2024)
The initial public offering of NTPC Green Energy Ltd, the renewable energy arm of NTPC, got fully subscribed on the third day of the share sale on Friday.
The Rs 10,000-crore share sale received bids for 60,68,16,774 shares, as against 59,31,67,575 shares on offer, translating into 1.02 times subscription, as per NSE data till 11:27 hours.
The portion for Retail Individual Investors (RIIs) got subscribed 2.70 times. The quota for Qualified Institutional Buyers (QIBs) fetched 75 per cent subscription, while the non-institutional investors part got subscribed 42 per cent.
NTPC Green Energy has mobilised Rs 3,960 crore from anchor investors.
The initial share sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component. The issue has a price band of Rs 102-108 per share.
Proceeds from the IPO to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd’s (NREL) outstanding loans and a portion will b
Marksans Pharma receives USFDA approval for Loratadine Tablets (22-11-2024)
Marksans Pharma announced the final approval of the Company’s Abbreviated New Drug Application (ANDA) for Loratadine Tablets USP 10 mg from USFDA.
Torrent Pharma rises as Pithampur unit gets VAI classification (22-11-2024)
Torrent Pharmaceuticals gained 2.37% to Rs 3,178.15 after the USFDA has issued establishment inspection report (EIR) with ‘Voluntary Action Indicated’ (VAI) classification for the manufacturing facility at Pithampur in Madhya Pradesh.
Torrent Pharma shares gain on USFDA’s ‘VAI’ tag to Pithampur facility (22-11-2024)
Shares of Torrent Pharmaceuticals rose up to 2.43 per cent to hit an intraday high of Rs 3,180.05 a piece on the BSE
RBI has emphasised on clarity in communication of monetary policy says Deputy Goveror of central bank (22-11-2024)
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Dollar index accelerates above 107 mark; All eyes on US PMI data (22-11-2024)
The US dollar index accelerated gains above 107 mark on Friday following US data that indicated a strong labor market and amid growing safe haven demand from escalating tensions in Russia and Ukraine. Data released on Thursday showed that US weekly initial jobless claims unexpectedly fell to a seven-month low, signaling continued strength in the labor market which pare back expectations of the Fed rate cut. Initial Jobless Claims for the week ending November 15 decreased to 213,000, below expectations. Continuing claims however unexpectedly surged to 1.908 million, rising by 36,000 from the previous week. Recent comments from Fed officials, including Chair Jerome Powell, have indicated the central bank may take a slower course in its rate cut path. Meanwhile, Fed’s Goolsbee also said the pace of rate cuts may need to slow. The dollar index that measures the greenback against a basket of currencies is quoting at 107.12, up 0.18% on the day and near a two-year peak. Investors now await
RPP Infra Projects gains on bagging order worth Rs 22 cr (22-11-2024)
RPP Infra Projects advanced 2.64% to Rs 169.05 after the company informed that it has received a letter of acceptance worth Rs 21.83 crore from the Bhabha Atomic Research Centre’s Nuclear Recycle Board.
Sensex jumps 890 pts; Nifty climbs above 23,600 (22-11-2024)
At 12:30 IST, the barometer index, the S&P BSE Sensex, rallied 889.61 points or 1.51% to 78,041.40. The Nifty 50 index added 284.40 points or 1.22% to 23,630.80.