(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, March Irish shares outperformed the rest of the euro zone on Tuesday after European Commission… By Geoffrey Smith Investing.com — Europe’s stock markets are all markedly lower after early trading on Thursday, reacting negatively to the Federal Reserve’s refusal to be any… After the closing of the deal, bringing the two companies together seems to be the next big task. Bloomberg reported that integration of the companies should begin in two months after the sale of some of Bayer’s agriculture assets to BASF is complete. In Germany, the combined unit is expected to be located at Monheim, while the North American division will reportedly be operated from St. Louis. German chemicals and pharmaceuticals company Bayer and United States agriculture company Monsanto signed a merger worth $63 billion on Thursday.

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About Aarti Industries

In the last two years, different segments of the chemical sector have seen re-rating. Sometimes, companies which are making input for pharma sectors, at other times companies which are making inputs for agrochem industry and occasionally agrochemical majors themselves. In the last five years, different segments of the chemical sector have seen re-rating.

Hence FIIs sell their holdings in companies operating in emerging markets like India to return to the safety of dollars. Aarti Industries was once a multibagger stock, having surged post the Covid-19 crash. The company was listed on the bourses in 2020 and has robust financial outlook. The company is debt free and its five-year average return on equity stands at 17.4%. Last year in August, reports suggested that regulators in China have asked banking companies to check the financial exposure to Fosun. The US Senate Judiciary Committee will take a first look at the Bayer-Monsanto deal on Tuesday in a hearing on mergers in the agriculture industry.

Meanwhile, GQG Partners offloads a 1.16% stake in HDFC Asset Management for Rs 396.8 crore. In another deal, SBI Mutual Fund picks up a 1.5% stake in PVR and a 2.2% stake in HDFC Asset Management. HSBC expects Zomato’s stock price to rise 64% to Rs 87 after it relaunched Zomato Gold and gained back the market share lost to its competitor, Swiggy. The stock has fallen more than 14% in the past six months and is now 39% down from its 52-week high.

European Stock Futures Edge Lower; Investors Digest U.S. Inflation Surge

According to IQVIA, Compazine has achieved sales worth $26.9 million for the 12-month period ending January 2023. Krsnaa Diagnostics is rising as it bags a project worth Rs 450 crore in a consortium with Telecommunications Consultants India. The project will provide lab services under the free diagnostics initiative of the National Health Mission. Reach their all-time highs of Rs 894.7 and Rs 821.6 per share respectively. KPIT has risen 3.3% over the past month, while Narayana Hrudayalaya rose 9.1% in the same period. Cummins India beats 3M India in QoQ revenue & profit growth, PE ratio and MF holdings.

Ultimately, these companies are simply used to making ‘obscene profits’, says Hamied. Moreover, for a country like Vietnam, where the virus originated, the medication at $60 for a five-day course was simply too expensive. When the world began confronting the possibility of a bird flu pandemic, pharma giant Roche said that they couldn’t produce enough of its drug Tamiflu to spread around the world.

Environmentalists have campaigned against the deal since talks were first disclosed in May, with celebrities such as Mark Ruffalo and Bianca Jagger tweeting in opposition. Opponents have argued that combining the companies will drive up prices for farmers and increase the spread of genetically-modified seeds. Bayer and Monsanto counter that combining will leave them better able to research new products to help farmers produce more food.

(409.65, 6.67%) were trading with volumes 8.0 and 7.2 times weekly average respectively on BSE at the time of posting this article. Commercial services & supplies, hardware technology & equipment and media sectors fall more than 20% over the past 90 days. Eris Lifesciences Ltd. (568.85, -2.89%) and Delhivery Ltd. (322.10, -2.79%) were trading with volumes 86.9 and 17.7 times weekly average respectively on BSE at the time of posting this article. Promoter Sumitomo Wiring Systems sells a 3.4% stake (2.3 crore shares) in Samvardhana Motherson International for Rs 1,612.3 crore in a bulk deal. Societe Generale and Copthall Mauritius Investment pick up the shares. B Ram Reddy, Managing Director of Balaji Amines, says the fall in raw material prices will benefit the specialty chemical industry.

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Largecap and midcap losers tointroduction to institutional investing include Samvardhana Motherson International Ltd. (68.50, -10.81%), Hindalco Industries Ltd. (384.95, -5.22%) and Jindal Steel & Power Ltd. (553.70, -4.56%). Largecap and midcap gainers today include Zee Entertainment Enterprises Ltd . (206.70, 9.34%), ICICI Prudential Life Insurance Company Ltd. (409.65, 6.67%) and Bharat Petroleum Corporation Ltd . DLF is rising as it witnesses record pre-launch sales of Rs 8,000 crore for its high-rise residences, The Arbour, located in Sector 63, Gurugram. Sameer Khetarpal, CEO and Managing Director of Jubilant FoodWorks, says the company plans to add 50 Popeyes stores in a year and 250 stores in the medium term.

• The order may also be verification further by our customer experience team.
• The management added that the slowdown in growth would be because of lack of receipts from Bayer and new projects at lower margins.
• When the world began confronting the possibility of a bird flu pandemic, pharma giant Roche said that they couldn’t produce enough of its drug Tamiflu to spread around the world.
• Banking and auto stocks saw heavy demand, whereas IT players remained under pressure.
• Backward integration and capacity building is likely to pay dividends in the long term.

However, weaker global sentiments capped the gains during Tuesday’s session. Traders were cautious ahead of the Fed’s policy outcome and monthly expiry of derivatives. Banking and auto stocks saw heavy demand, whereas IT players remained under pressure. The BSE barometer Sensex gyrated in a wide range of 1,550 points but gained about 370 points at the end and finished the session above 57,850. Its broader peer, Nifty50, added about 130 points and settled at a couple of points below 17,280. Samvardhana Motherson International is falling as reports suggest that its promoter company Sumitomo Wiring Systems is set to sell a 3.4% stake worth Rs 1,607 crore in the company.

The Company, at its sole discretion, may cancel any order(s):

George Alexander Muthoot, the Managing Director of Muthoot Finance, says international gold prices could rise up to $2,100 per ounce. He adds that the company’s gold AUM will grow by 5%-7% in FY23 and 15% in FY24. Reports suggest that 19.92 lakh shares (0.20% equity) of Max Healthcare Institute, amounting to Rs 92.84 crore, change hands in a large trade. Indian indices closed in the green, with the volatility index, India VIX, falling by over 6%.

Due to rising https://1investing.in/ prices and disruptions in the supply chain, raw material cost for chemical stocks increased. This directly impacted the profit margins of these companies including Aarti Industries. Indian indices closed in the green after recouping losses made in the morning session. Global banks reel under pressure as US local banks face liquidity crunch due to high interest rates.

The defensive sector can also get defenseless against headwinds in export markets. Price to Book Value Ratio (P/BV) – It compares a firm’s market capitalization to its book value. A high P/BV indicates markets believe the company’s assets to be undervalued and vice versa. Price to Earnings Ratio (P/E) – It compares the company’s stock price with its earnings per share. To know more about the company, check out Gland Pharma’s financial factsheet and Gland Pharma news and analysis.

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. For a more curated list, you can check out our list of pharma stocks which has Indian pharma stocks and MNC pharma stocks. And for a fundamental analysis of the above companies, check out Equitymaster’s Indian stock screener which has a separate screen for top pharma companies in India . Its revenue has grown at a CAGR of 20.9% in the last five years while net profit has grown at a CAGR of 26%. Submission of notice for attention of the Equity Shareholders of the Company with respect to transfer of equity shares to Investor Education and Protection Fund .

The exchange of the product is solely at the discretion of the company. LONDON, March European shares were expected to open lower on Tuesday, mirroring weaker commodity prices and losses in Asia where stocks slipped after the Bank of Japan held… LONDON, Aug European shares pulled back from 7-week highs on Tuesday, weighed down by industrial stocks after Swiss firm Schindler lowered its outlook for 2016. The share price of Gland Pharma crashed over 14% on Thursday this week after the company’s Q2 results missed estimates on various fronts.

Since SGB was only introduced in 2015, we have taken SGB at the same price as gold since April 2007 and added a CAGR of 2.5% YoY. Based on this calculation, the 5-year returns of SGB would have been always higher by 13.14%. Gold Bees are similar to physical gold and are exchange-traded funds. For every investment made in Gold Bees, ETFs buy a proportionate amount of gold. (5,102.30, 4.04%) and UTI Asset Management Company Ltd. (675.00, 5.94%) were trading with volumes 5.3 and 5.3 times weekly average respectively on BSE at the time of posting this article.

Bayer Cropscience Closure of Trading Window

Nilesh A. Pradhan & Co., Practicing Company Secretaries for the period from April 01, 2022 to March 31, 2023.

“In the short run, momentum and sentiment trump everything, even fundamentals. The Indian Banks are experiencing collateral damage caused by US Banking Crisis, despite having healthy balance sheets and liquidity. The consensus leader of the Bull Market has become the consensus leader of the ongoing Bear Market. Currently, the banking sector appears unattractive, but some pockets present interesting risk-reward opportunities for a small bounce,” said analysts at Artha Capital.

To know more about the healthcare sector’s past and ongoing performance, have a look at the performance of the BSE Healthcare Index. Within the Pharmaceuticals sector, the top gainers were LAURUS LABS (up 5.3%) and SYNGENE INTERNATIONAL (up 4.3%). On the other hand, SANOFI INDIA (down 6.6%) and IOL CHEMICALS & PHARM. Incorporated in 1978 as private company in Hyderabad, Gland Pharma is primarily engaged in manufacturing injectable formulations. Gland Pharma has a 52-week high quote of Rs 4,060 touched on 6 January 2022.

Headline inflation could fall below 6% in March 2023 and towards 5% in the coming months. Says pickup in gas transmission and petchem volume will drive revenue for the company. Torrent Pharmaceuticals is falling as the US FDA issues Form 483 with one observation after conducting a pre-approval inspection at its Gujarat facility. Glenmark Pharmaceuticals receives the final approval from the US FDA for Prochlorperazine Maleate tablets, the generic version of Compazine tablets.

Nifty 50 closed just below the 17,000 mark on a volatile day of trade. FIIs sold equities worth Rs 5,905 crore in the past three trading sessions, while DIIs bought for Rs 5,365 crore. Its ‘Buy’ rating on the stock but cuts target price to Rs 529 from Rs 599.