Indian Markets LIVE 📊

Biocon shares in focus after CDSCO nod for diabetes drug Liraglutide
https://economictimes.indiatimes.com/markets/stocks/news/biocon-shares-in-focus-after-cdsco-nod-for-diabetes-drug-liraglutide/articleshow/121585730.cms

Biocon shares are in focus as the company has received regulatory approval from the Central Drugs Standard Control Organisation for its diabetes drug, Liraglutide, in India. The approval is for a generic version of Victoza. Biocon shares have shown mixed performance recently. The stock closed flat on Monday. The CDSCO clearance came under the expedited 101 route.

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JM Financial retains Buy on Deepak Nitrite, keeps target price unchanged at Rs 2,305
https://economictimes.indiatimes.com/markets/stocks/recos/jm-financial-retains-buy-on-deepak-nitrite-keeps-target-price-unchanged-at-rs-2305/articleshow/121560573.cms

JM Financial is optimistic about Deepak Nitrite's growth. They project a target price of Rs 2,305. The company's Q4FY25 earnings exceeded expectations due to government incentives. Advanced intermediates performance is showing improvement. Volume normalization is expected from 2HFY26. Commissioning of backward integration capex should boost margins from 2QFY26. Benefits from other projects are likely from 3QFY26.

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Indian Markets LIVE 📊

Yes Bank shares crack 7% after 3% equity changes hands via block deals
https://economictimes.indiatimes.com/markets/stocks/news/yes-bank-shares-in-focus-ahead-of-board-meeting-on-fundraising-plans/articleshow/121585893.cms

Yes Bank Share Price: Board will meet on June 3 to discuss fundraising options. The stock surged 8% on Monday amid speculation of a potential takeover by SMBC, though the bank has denied such discussions. The board may consider equity, debt, or other instruments to raise capital as part of its growth and recovery strategy.

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Indian Markets LIVE 📊

I-Sec downgrades Bajaj Auto to Add, raises target price to Rs 9,900
https://economictimes.indiatimes.com/markets/stocks/recos/i-sec-downgrades-bajaj-auto-to-add-raises-target-price-to-rs-9900/articleshow/121560829.cms

ICICI Securities adjusts Bajaj Auto's rating. The new target price is Rs 9,900. International demand fuels growth. Export volume is expected to rise. Domestic two-wheeler industry growth is projected. Bajaj Auto aims to outperform. Three-wheeler volume looks promising. Raw material costs may affect margins. Valuations are currently rich. Promoters hold a significant stake. FIIs and DIIs also have holdings.

2 views06:53

Indian Markets LIVE 📊

Sensex falls over 300 points, Nifty below 24,650 on global trade tensions; Adani Ports, L&T top drags
https://economictimes.indiatimes.com/markets/stocks/news/sensex-falls-over-300-points-nifty-below-24650-on-global-trade-tensions-adani-ports-lt-drag/articleshow/121585882.cms

Sensex today: Indian markets opened lower due to global trade tension concerns, overshadowing optimism for a potential RBI rate cut. Sensex and Nifty experienced declines, with Adani Ports among the top losers following a report of a US investigation into Iranian LPG imports. Rate-sensitive sectors showed mixed performance ahead of the RBI's policy decision.

2 views06:54

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