With the Directorate General of Trade Remedies’ (DGTR) recommendation on implementing anti-dumping duty (ADD) and PVC pipes stabilisting at bottom levels, a gradual price uptick is expected, the brokerage said.
HDFC Life, Go Digit, Niva Bupa, and Star Health advanced in the range of 2–3.5%.
Forex traders said the rupee is trading with a positive bias on a rise in risk appetite in the global markets amid hopes of peace between Russia and Ukraine.
Aurobindo Pharma CFO Santhanam Subramanian said that while Zentiva fits into Aurobindo Pharma’s strategic plans as it is based out of Europe, it is too premature to comment on a possible outcome due to the early stages of the discussion.
Kotak mentioned that recent data points reflect the impact of IndiGo’s capacity cuts, which appear to be happening at a slightly faster pace than its key peer. “We would not take this as a sign of weakening demand,” it said.
On Wednesday, August 20, CNBC-TV18 reported, citing sources that promoters Ashok and Krishna Boob were likely to sell 24% stake in Clean Science and Technology Ltd. via block deals.
The Light Combat Aircraft Mark1A is an upgraded version of the Tejas fighter jet, which is developed by HAL. It is built to replace the ageing fleet of MiG-21 fighter jets.
As of August 20, Ola Electric had recorded 9,522 registrations, compared with 10,248 for Ather Energy. If these trends continue, Ola’s market share is set to slip below that of Ather.
Jefferies expects Bajaj Finserv’s core earnings to grow at a Compounded Annual Growth Rate (CAGR) of 22%.
The land parcel is located in close proximity to HITEC City and will comprise premium residential apartments of varied configurations, the company said.