Morgan Stanley noted in its report that even as global refiners and Asian chemical stocks have re-rated, Reliance Industries continues to trade at a discount to its local peers.
Shares of Lemon Tree Hotels Ltd ended at ₹107.95, down by ₹2.50, or 2.26%, on the BSE.
Cipla USA Inc. recalls Lanreotide injection batches, causing a temporary shortage. The recall follows US FDA’s OAI classification of Pharmathen’s facility in Greece. Production may resume by Q4.
Shares of Dixon Technologies (India) Ltd ended at ₹9,805.30, down by ₹228.30, or 2.28%, on the BSE.
Shares of Power Grid Corporation of India Ltd ended at ₹295.25, down by ₹3.95, or 1.32%, on the BSE.
The initial public offering (IPO) of Delhi-based air freight forwarding and logistics company Skyways Air Services Ltd will open for subscription on March 18. CMD Yashpal Sharma said trade volumes have not seen any major decline so far, even as…
TruHome Finance, backed by Warburg Pincus, filed its DRHP with SEBI to raise ₹3,000 crore via IPO, including a fresh issue of ₹1,500 crore and an OFS by Mango Crest.
The G7 nations are monitoring the Iran war’s impact on energy markets, ready to use reserves if needed. Brent oil futures surged due to Middle East output cuts and Hormuz’s closure.
Gold and silver prices have declined despite geopolitical tensions, with MCX gold at ₹1,60,638 per 10 grams and MCX silver at ₹2,64,700 per kg. The strong US dollar and profit-booking are key factors.
Shares of Minda Corporation Ltd ended at ₹497.35, down by ₹23.05, or 4.43%, on the BSE.