Stock Market

Cipla rises 2% amid buzz over Bain Capital, Dr Reddy’s joint bid for promoter stake

Shares of Cipla opened over 2 percent higher on September 5 as reports said that private equity firm Bain Capital was in talks with Dr Reddy`s Laboratories to explore a joint bid to buy out the promoter’s stake in the drugmaker. At 09.31 am, shares of Cipla were trading 1.5 percent higher at Rs 1,258 …

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Nazara Technologies to raise Rs 100 crore from Nikhil Kamath, stock zooms

The board of directors of Nazara Technologies approved a share issuance worth Rs 100 crore to the founders of Zerodha, Nikhil and Nithin Kamath, the game company announced on September 4, causing the shares to rise. leap. “We would like to inform you that the Board of Directors… has reviewed and approved the issuance of …

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Emami stock upgraded to ‘buy’, target price raised; Citi says company to gain from demand recovery

Citi has upgraded its rating to “buy” Emami and adjusted its price target to Rs 600 from Rs 455. This is a 32% increase from the target price. Citi expects Emami to benefit from investments for its long-term strategic initiatives. The brokerage believes that Emami is well-positioned to benefit from any rebound in the demand …

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