Fri, Jul 9, 2021 9:33 AM
Clean Science and Technology IPO witnessed 4.28 times subscription on Day 2
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Analysts reiterated their bullish calls on Mahindra and Mahindra after its fourth-quarter earnings beat analyst estimates, driving its stock up by as much as 5.4% in Monday's trades. Most analysts raised their price targets and expect the stock to yield as much as 38% upside potential from the current levels. Shares of the Mumbai-based automotive company ended at ₹1,325.05 apiece, up 3.7%..
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The National Stock Exchange has decided to include only those stocks available in the derivatives segment in its Nifty Next 50 index, effective September 29, 2023. The new move is to ensure the index constituent's liquidity and ease of index replication by passive funds. Nifty Next 50 represents the balance of 50 stocks from the Nifty 100 index after excluding the Nifty 50 stocks.
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Pharmaceutical major Aurobindo Pharma reported better-than-expected earnings for Q4FY23. Moreover, the company also has strong investment plans in place, having invested Rs 190 crore in the biosimilar segment so far. The management also updated that the drugmaker's ambitious Rs 2,000 crore Penicillin G (Pen G) plant in Andhra Pradesh was also on the path of commissioning in FY25.
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