Market Update

Strides Pharma trades 2% up after USFDA nod for drug to reduce heart issues

Shares of Strides Pharma Sciences rose 2% in early trading on September 25 after the company’s subsidiary received approval from the United States Food and Drug Administration (USFDA) for its treatment drug. treat heart disease. At 9:19 am, Strides Pharma Science quoted Rs 509.95, up Rs 11.30, or 2.27 per cent, on the BSE. Strides …

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JSW Infrastructure mops up Rs 1,260 crore from 65 anchor investors, ahead of IPO

JSW Infrastructure, owned by the Sajjan Jindal, has raised Rs 1,260 crore from 65 anchor investors on September 22, a day prior to the issue opening. Global marquee investors like Government of Singapore, Monetary Authority of Singapore, Morgan Stanley, Fullerton, HSBC Trustee, TA Global, The Master Trust Bank of Japan, Cohesion MK Best Ideas, Goldman …

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Apollo Tyres slides after labour union concerns halt production at Gujarat facility

Shares of Apollo Tires Limited fell over 2 per cent to Rs 369 in early trade on September 21 after the company announced temporary suspension of off-road tire (OTR) tire production at its manufacturing plant located at Limda, Gujarat. The ruling comes amid concerns among mill employees about the extension of the long-term settlement agreement. …

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Zydus Lifesciences gains on USFDA’s final approval for skin-care topical

Shares of Zydus Lifesciences traded up 1% on the morning of September 21 after the pharmaceutical company announced that it had received final approval from the United States Food and Drug Administration (USFDA) for acne treatment gel. “We have received final approval from the USFDA for clindamycin phosphate gel USP. Clindamycin is an antibiotic that …

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RBI weighs priority sector lending tag for solar panel manufacturers

The Reserve Bank is toying with the idea of including solar panel manufacturing in the priority sector lending bracket, the Economic Times reported, citing sources familiar with the deliberations. The report also said that the bank is likely to take a decision in the next two-three months. Also Read: India slashes solar imports from China …

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Zomato stock hits 52-week high as investors laud company for delivering on growth promise

Shares of Zomato hit 52-week high of Rs 105 on September 18 after rising nearly 2 percent in trading on the NSE. However, the stock ended 0.87 percent lower to Rs 102.05 apiece against its previous close. This gain was attributed to investors’ growing confidence in the company, driven by Zomato demonstrating visibility in revenue …

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