Tue, Sep 10, 2024 12:25 PM
Tolins Tyres IPO Day 2: Issue subscribed over 3 times so far
A Flip by Avya Verma
Scanpoint Geomatics share price jumped over 3% on Friday, extending its gaining streak for the fifth consecutive session. Scanpoint Geomatics shares rose as much as 3.64% to ₹9.95 apiece on BSE. The small-cap stock surged nearly 12% in one week. Scanpoint Geomatics is a BSE-listed small-cap company in the IT services and software company.
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Shares of R Systems International zoomed over 10 percent on October 4, the highest in 14 weeks after 8 percent equity, equivalent to 1 crore shares of the company changed hands in the block deal window. Moneycontrol could not immediately identify the parties involved in the transaction. Regardless, the block deal tipped off a spike in trading volumes in the counter.
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Investec maintains a bullish stance on Cipla, expecting 12-13% sales growth in the Indian pharma market and clearance of its Goa plant by the US FDA in a few months, paving the way for the production of Abraxane, a key drug in Cipla's pipeline. Investec retains its 'buy' call with a price target of Rs 1,900, implying a 15% upside potential.
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