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GlaxoSmithKline Pharmaceuticals, incorporated in the year 1924, is a Large Cap company (having a market cap of Rs 21043.62 Crore) operating in Pharmaceuticals sector.

The stock quoted a 52-week high price of Rs 1509.25 and a 52-week low of Rs 1002.5.

“We have a positive view on the capital goods space. This is one sector which has remained strong even amidst the volatility that we have seen in the last few months and names like L&T, Siemens would continue to do well. Apart from that, the midcap capital goods companies also would remain in focus.”

The brokerage expects a 13% sequential growth in the topline to Rs 1,871 crore, led by a 4% growth in food delivery business gross merchandise value, and contribution from Blinkit business.

Veeral Organics (a wholly owned subsidiary of VO) is also set to commence production of MEHQ, Guaiacol, and Iso Amylene in 1HFY24, which should propel VO into the next leg of its growth story.

A total of 41,986 shares changed hands on the counter till 11:12AM (IST)

Dalmia Bharat key Products/Revenue Segments include Income From Management Services for the year ending 31-Mar-2022.

"On the company side, we have heard statements and assurance that they have returned the FPO money. They would be repaying a lot of debt backed by shares pledged. So that risk is getting off. But the key question remains what about the growth capex that they were looking at? So while we do not have an official coverage on the Adani Group, the issue could continue for a long while."

“We like TVS for the way they have changed capital allocation. There is a premiumisation playing out. Their average selling price has been steadily moving up with a nice product mix and very calibrated price hikes. That is one thing we like in the two-wheelers but first preference is more four-wheeler OEMs and some of the auto-ancillaries like UNO Minda.”

Surpassed crucial resistance of its 50 days EMA,placed at Rs 318. RSI has exited the oversold zone.