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The Nifty Pharma index closed at record highs of 13,426 gaining 1.29% on Tuesday, while the benchmark Nifty index ended below 14,300-mark at 14,296 after tanking 0.44%
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Consumer products and retail, diversified industrial products, automotive and transportation were the most active sectors in terms of the number of IPOs in the 2021 first quarter, says EY
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Emkay Global Financial Services is positive on HDFC Bank with a price target of Rs 1,850
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Well-managed companies could generate enormous earnings or cash flows.
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Indian equity market, currency, debt and commodity markets are closed on Wednesday on account of Ram Navami.
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In FY22 Nifty can deliver 15-20% returns, but before that, it could correct 5-7% or 700-1000 points
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On a standalone basis, Nestle India net profit jumped 14.62% to Rs 602.25 crore on 8.58% increase in revenue from operations to Rs 3,610.82 crore in Q1 FY21 over Q1 FY20.
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UltraTech Cement, HCL Tech, HDFC, Tech Mahindra, HDFC Bank and HUL emerged as the major laggards
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Shares of the company climbed 18% to Rs 108.65 on April 20 at around 2.53 pm (IST). On the other hand, the benchmark BSE Sensex was down 409 points, or 0.81%, to 47562 at around the same time.
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Bombay Oxygen Investments rallied on April 19 despite not being a manufacturer or supplier of medical oxygen