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The pharmaceutical firm received permission from Central Licensing Approving Authority, Central Drugs Standard Control Organisation (CDSCO), Ministry of Health and Family Welfare for the manufacture, sale and distribution of Isavuconazonium Sulfate API and finished formulation Isavuconazole for Injection 200 mg/vial.

5 stocks to bet on in pharma and defence: Rahul Shah

Updated at : 2022-04-12 10:25:05

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“ Sun Pharma could be one of the best performing stocks followed by Divi’s. I think these two remain the top ideas on pharma. Among defence stocks, BEL remains the top pick followed by HAL and BDL. In the largecap space, BEL has more potential from current levels and is followed by HAL and BDL.”

“Over the last six months, we have used this opportunity to trim some names that have done fantastically well and have given us very good returns. It is always good to be a little more contrarian on cyclical names and it is not so easy to get the exit right at the top. So we are taking a bit of a contrarian approach in cyclical stocks right now.”

“The larger hotel companies have done really well. I hear they are completely booked because foreign travel is relatively restricted right now. So within India, the restaurant, the hotels are doing well and we have some investments there. I am not so much betting on the PVR, Inox kind of situation right now because I do not think their deal will go through.”

All of the major crypto tokens were in the red on Tuesday. Solana and Shiba Inu dived about 9 per cent each, whereas Cardano and Dogecoin shed 8 per cent each. Terra fell 7 per cent, followed by Ethereum which declined 6 per cent. The global cryptocurrency market cap tumbled to $1.83 trillion, dropping as much as 6 per cent in the last 24 hours.

Buy Siemens, target price Rs 2856: ICICI Direct

Updated at : 2022-04-12 10:25:05

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Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 89241.96 Crore) operating in Engineering sector.

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Elon Musk has been tweeting for a long time, but he began buying Twitter stock in earnest only a few months ago. He started on Jan. 31, when he bought a little more than 620,000 shares at $36.83 apiece. On nearly every single trading day from then through April 1, he bought hundreds of thousands or millions more of shares.

Gold futures on MCX gained 0.56 per cent, or Rs 291, at Rs 52,470 per 10 gram. Silver futures were trading higher by 1.06 per cent, or Rs 713, at Rs 68,007 per kg.

Three companies namely Adcon Capital Services, Arihant Capital Markets and Aurum Proptech will see stock splits. In the case of Adcon Capital Services, the scrip will be split to face value of Re 1 from Rs 10; for Arihant Capital Markets, the stock of face value of Rs 10 will be split into shares of face value of Re 1 each.

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FDC Ltd. key Products/Revenue Segments include Formulations, Bulk Drugs, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2021.

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