2:34 PM
Marksans Pharma hits 52-week high after USFDA issues EIR for Goa facility
Shares of Marksans Pharma soared up to 1.98 per cent at Rs 220.14 per share on the BSE in Tuesday’s intraday trade. This came after the pharmaceutical company on Tuesday said that it has received an establishment inspection report (EIR) from the United States Food and Drugs Administration for its manufacturing facility in Goa. Read more
2:28 PM
Hindustan Zinc shares jump 4% on dividend announcement of 950% for FY25
Hindustan Zinc dividend news: Shares of Hindustan Zinc, a subsidiary of the mining conglomerate Vedanta, jumped 3.56 per cent to Rs 513.40 on the BSE during intra-day trade on Tuesday. The surge in the stock price followed news that the company’s board had considered and approved the second interim dividend for FY24. Read more
2:12 PM
Mazagon Dock Shipbuilders (MDSL) (down 9 per cent at Rs 4,278.80), Garden Reach Shipbuilders & Engineers (GRSE) (down 9 per cent at Rs 1,751.60) and Cochin Shipyard (down 5 per cent at Rs 2,039.50) fell in the range of 5 per cent to 9 per cent in intra-day trade. These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July. In comparison, the BSE Sensex was up 0.5 per cent at 80,862 at 12:26 PM. Read more
Shipbuilding stocks trade weak; Mazagon Dock, Cochin, GRSE down up to 9%
Shares of state-owned shipbuilding companies were under pressure falling by up to 9 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes in an otherwise strong market on valuation concerns.
Mazagon Dock Shipbuilders (MDSL) (down 9 per cent at Rs 4,278.80), Garden Reach Shipbuilders & Engineers (GRSE) (down 9 per cent at Rs 1,751.60) and Cochin Shipyard (down 5 per cent at Rs 2,039.50) fell in the range of 5 per cent to 9 per cent in intra-day trade. These stocks have corrected between 27 per cent and 38 per cent from their respective all-time high levels touched in July. In comparison, the BSE Sensex was up 0.5 per cent at 80,862 at 12:26 PM. Read more
1:27 PM
In July 2024,the company’s LCL (Less than Container Load) volume reached 818,000 cubic metres, matching its highest-ever monthly volume recorded in August 2022. This represents a 6 per cent increase from the previous month and a 5 per cent rise compared to July 2023. Read more
Allcargo Logistics shares shoot up to 12% on July’s business data; details
Shares of Allcargo Logistics soared up to 11.59 per cent at Rs 68.65 per share on the BSE in Tuesday’s intraday trade. This came after the company on Monday released its monthly business figures.
In July 2024,the company’s LCL (Less than Container Load) volume reached 818,000 cubic metres, matching its highest-ever monthly volume recorded in August 2022. This represents a 6 per cent increase from the previous month and a 5 per cent rise compared to July 2023. Read more
1:02 PM
Interarch Building Products IPO Day 2: See subscription details, GMP & more
Interarch Building Products IPO subscription status: The initial public offering (IPO) of Interarch Building Products continues to receive strong demand from investors on the second day of subscription. Interarch Building Products IPO, which opened for public subscription on Monday, was fully subscribed on the first day. Read more
12:44 PM
Filing: Mangalam Drugs and Organics Expands Anti-Malaria Portfolio
Mangalam Drugs and Organics is broadening its anti-malaria portfolio by introducing Pyronaridine, which has recently been granted prestigious pre-qualification from the World Health Organization (WHO) in Geneva.
12:30 PM
SAIL, NMDC are down up to 9% in 1 month; is it time to buy steel stocks?
Steel stocks have been reeling under severe pricing pressures, led by cheaper imports. Over the past one month, stock prices of steel companies have declined up to 9 per cent on the National Stock Exchange (NSE). Investors, however, may use the correction to enter the pack as pricing pressure may be bottoming out, believe analysts. Read more
