These 4 pharma stocks touch their new 52-week lows
The 52-week low is the lowest price a stock has traded during the last one year
Govt to issue 50 Quality Control Orders by Q2 of FY24: DPIIT
“DPIIT is continuously engaged with BIS and relevant stakeholders for identification of products for which QCOs could be issued. It is our endeavor to issue about 50 QCOs by the second quarter of 2023-24,” the department said.
Radiant Cash Management IPO subscribed only 11% on Day Two
The company is selling its shares in the range of Rs 94-99 apiece between December 23 and 27, with a lot size of 150 equity shares. The offer comprises a fresh issue of Rs 60 crore and an offer for sale (OFS) of 3.31 crore units.
Tech View: Nifty’s long green candle not enough fodder for bulls. What traders should do on Tuesday
The overall structure shows that the index will likely witness both-side movements in the coming days
Central Bank of India to raise up to Rs 1,500 crore this fiscal
The board of directors considered and approved to raise capital through an issuance of non-convertible redeemable unsecured Basel III compliant tier II bonds for amount up to Rs 1,500 crore
Sebi orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy, others
The recovery proceedings against five entities — Sahara India Real Estate Corporation (now known as Sahara Commodity Services Corporation), Subrata Roy, Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava — for Rs 6.42 crore, includes interest, all costs, charges and expenses, the Securities and Exchange Board of India (Sebi) said in the attachment order
PSU bank stocks jump up to 13%. Should you keep buying?
Shares of Indian Overseas Bank (IOB) were the top gainers in today’s trade as the stock surged 13% to Rs 29.75 apiece. Meanwhile, shares of Union Bank of India, Bank of India and Bank of Maharashtra rose over 8%. PNB, Indian Bank, UCO Bank, and Central Bank of India advanced over 5% each.
Chart Check: This pharma stock hits fresh 52-week high in December; likely to scale Rs 24,000
For more than a decade, the stock has been taking support at a rising moving average followed by a breach of the intermediate falling trendline. In recent context, the stock is rising with the same characteristic,” he said.
Kajal Gandhi’s 3 top stock picks from PSU banking space
Frankly speaking yes, banks currently in the last year have outperformed. We should see credit bounce back continuing. We should definitely see all banks performing including other large cap private sector space and PSU banks.
Churning portfolios quarterly, six monthly now the order of the day: Ajay Srivastava
There is no point buying at a high because they will give you very strong negative returns. I would still say give it another quarter, by the next year you should have a good entry point. Right now it is too expensive to buy any of the speciality chemical players in India.