Lowe's Financial News

Small-cap stock below ₹100: Paramount Communications shares are one of the multibagger stocks that Indian stock market has produced in last one year. In fact, this small-cap stock below ₹100 has delivered whopping return to its positional investors in post-Covid rally.

generic drug names faces execution challenges, said Fitch Ratings in a report on Thursday. The report said that a sizeable erosion in branded generics sales share will affect Indian pharma companies’ profitability, as sharply lower average prices will outweigh potential benefits from lower marketing costs. «Even so, we think the new guidelines are unlikely to trigger an immediate shift away from branded generics,» it said. According to Fitch, the domestic pharmaceutical market is mainly a ‘branded generics’ market in which pharma companies sell off-patented drugs under their own brand names with varying prices among competitors. «Branding and marketing activities remain important in pharma companies’ sales strategy, considering less stringent quality and testing standards than other regulated markets such as the US.

Once again, the low cost of Chandrayaan-3 is being highlighted by comparing it to movies. At nearly $75 million, it is cheaper than 2014 sci-fi movie 'Interstellar' and even the recent Bollywood movie 'Adipurush' which cost slightly more than the mission.

Real estate developer MRG Group will invest Rs 250 crore in its first affordable housing project in Sector 90, Gurugram. The project, part of Haryana government’s Affordable Housing Policy will spread over 5.2625 acre and offers 769 units, with sizes of 622.116 sq ft, 623.193 sq ft, and 645.797 sq ft with price starting at Rs 32 Lakh. «The project is located on a 99-meter-wide road within a 2-minute drive from NH-48 (NH-8) and Dwarka Expressway, residents will be well-connected to major business centres, entertainment hubs, and retail destinations.

Multibagger stock: UY Fincorp shares are one of the multibagger stocks that Dalal Street has delivered in 2023. This small-cap stock below ₹50 has surged from around ₹12.25 to ₹30.70 apiece levels in year-to-date (YTD) time, delivering to the tune of 140 per cent return to its positional shareholders in YTD time. However, it seems that small-cap stock still has some steam left.

The surging demand for luxury housing is reshaping the real estate landscape, driven by specific features and amenities that cater to discerning buyers’ preferences, says Sachin Gawri, Founder and CEO, Rise Infra.

RecycleKaro, one of the leading players in sustainable and lithium-ion battery recycling has announced plans to establish a Nickel Metal plant with an investment of Rs 100 crore in Maharashtra.

Reliance Industries (RIL) share price dipped about half a per cent in morning trade on BSE on Thursday, a day after the company announced Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest ₹8,278 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited. This investment, the company said values RRVL at a pre-money equity value of ₹8.278 lakh crore. QIA’s investment will translate into a 0.99 per cent stake in RRVL on a fully diluted basis, RRVL said on Wednesday.

equity market was either likely or very likely. The remaining 22 said unlikely or very unlikely. Of 15 stock indices polled on, analysts forecast only four to rise more than 5% by year-end.

Pakistan rupee hit 300 to the U.S. dollar in interbank trade on Thursday, traders said, as it touched a record low for a third consecutive day. The currency closed at 299.6 against the dollar on Wednesday, extending losses from the previous day, when it had weakened to close at 299 to the U.S.

LTIMindtree Ltd. fell 0.15 per cent to Rs 5165.0 in Thursday's session as of 11:32AM (IST) even as the equity benchmark Sensex traded 93.35 points higher at 65526.65. Earlier in the day, the stock witnessed a gap up start to the session.

Zee Entertainment Enterprises Ltd. traded at Rs 274.7 on BSE at 11:21AM (IST) on Thursday, up 0.27 per cent.

Bajaj Holdings & Investment Ltd. rose 1.43 per cent to Rs 7165.0 in Thursday's trade.

Vedanta Ltd. traded 0.52 per cent up in Thursday's trade at 11:06AM (IST).

Ipca Laboratories(up 2.69 per cent), Gland Pharma(up 1.44 per cent), Natco Pharma(up 1.11 per cent), Torrent Pharmaceuticals(up 1.11 per cent) and Biocon(up 1.04 per cent) were among the top gainers. Pfizer(down 0.54 per cent), Divis Laboratories(down 0.34 per cent), Alkem Laboratories(down 0.27 per cent), Glaxosmithkline Pharmaceuticals(down 0.18 per cent) and Dr Reddys Laboratories(down 0.1 per cent) were the top losers on the index. The Nifty Pharma index was up 0.28 per cent at 15324.7 at the time of writing this report. Benchmark NSE Nifty50 index was up 39.85 points at 19483.85, while the BSE Sensex was up 142.19 points at 65575.49. Among the 50 stocks in the Nifty index, 35 were trading in the green, while 14 were in the red. Shares of Suzlon Energy, GMR Infra, Indian Railway Fin, Manappuram Finance and South Indian Bnk were among the most traded shares on the NSE. Shares of Kopran Ltd, Bajaj Hindusthan Su, VELS Film Internatio, Titagarh Wagons and GMR Infra hit their fresh 52-week highs in today's trade, while Jio Financial Servic, Penta Gold, Sadhana Nitro, TVS Supply Chain Sol and Shrenik hit fresh 52-week lows in trade.

Cholamandalam Investment & Finance Company Ltd. traded 1.31 per cent up at Rs 1101.3 on Thursday at around 10:56AM (IST), while the benchmark BSE Sensex advanced 253.22 points to 65686.52. As many as 23,784 shares changed hands on the counter with a total value of Rs 261.0 crore. The stock quoted a 52-week high price of Rs 1214.6 and a 52-week low of Rs 658.0. On the technical charts, the 200-DMA of the stock stood at Rs 883.0, while 50-DMA was at Rs 1112.71.

Siemens Ltd. traded 1.46 per cent higher in Thursday's session at 10:51AM (IST).

Sensex traded 258.6 points higher at 65691.9. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.15 on NSE. Around 26784 shares changed hands on the counter till 10:46AM (IST). The stock opened at Rs 651.05 and has touched an intraday high and low of Rs 661.8 and Rs 651.05 during the session so far.

Pepe Coin (PEPE) is a meme coin inspired by the famous internet frog that has become a symbol of counterculture and freedom of expression. Pepe Coin aims to create a decentralized community of meme lovers who can share, create, and trade digital art on the blockchain. Pepe Coin has a total supply of 100 billion tokens, of which 50% are burned, 25% are locked for liquidity, and 25% are distributed to holders and developers.

MphasiS Ltd. traded at Rs 2435.4 on BSE at 10:05AM (IST) on Thursday, up 3.44 per cent from previous close. The scrip quoted a 52-week low price of Rs 1660.65 and a high of Rs 2444.75. Earlier, shares of the company saw a gap up opening in the morning. A total of 18,130 lakh shares changed hands on the counter till 10:05AM (IST). The stock of MphasiS Ltd.

Info Edge (India) Ltd. traded 1.56 per cent up at Rs 4217.4 at 10:10AM (IST) on Thursday, even as BSE benchmark Sensex gained 357.6 points to 65790.9.