Mon, Apr 29, 2024 8:55 PM
Why Avenue Therapeutics (ATXI) Stock Is Falling Sharply
A Flip by Avya Verma
Nimesh Chandan, CIO at Bajaj Finserv Asset Management says it is essential to have a contrarian view to hunt for fresh investing opportunities in the current market. For long term investors, Chandan, who manages funds worth over a billion dollars, suggests taking advantage of the current impatience in the market.
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The consumer packaged goods (CPG) scene is home to some pretty steady retail cash cows — like POST, BRBR, UTZ — that can hold their own through rocky and inflationary economic environments. Undoubtedly, brand power still means a great deal in the world of CPG products, even as inflation has pushed some to “trade down” to private labels to help reduce the magnitude of sticker shock at checkout.
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Cipla stated on Wednesday that it has inked definitive agreements for an additional investment of up to ₹26 Crore in Achira Labs' optionally convertible preference shares. The investment will be made in four tranches, depending on the accomplishment of specified objectives. After the completion of the first tranche of investment, Cipla will own 27.27% of Achira's voting rights.
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