Firstly, the original Budgeted number for FY24 was very high, in my view. From where we are with the revised estimates for FY24, an estimate of Rs11.11 lakh crore is a reasonable increase.
Biocon shares rose after the company secured a 10-year Pertuzumab supply contract in Brazil. The consortium with Bahiafarma and Bionovis received full allocation under the
IFCI shares fell 7% after a sharp recent rally, after the stock rallied nearly 30% in a month amid Sebi’s approval of the NSE IPO.
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