Comments
Pharma companies on a roll
Sun Pharmaceutical Industries Ltd rose as much as 2.4 per cent ahead of the company's board meeting to consider share buyback.
Natco Pharma Ltd gained as much as 8.1 per cent to its highest since January 13 after a news report that the company has won US FDA approval for ulcer drug glycopyrrolate. Lupin Ltd jumped as much as 2.3 per cent, Dr.Reddy's Laboratories Ltd 1.7 per cent and Aurobindo Pharma Ltd rose up to 0.9 per cent.
RCom jumps over 2%
Reliance Communications rose as much as 3.4 per cent to Rs 49.30 in early trade today.
At 11.10 am, the stock was trading up 2.31 per cent or Rs 1.10 at Rs 48.80.
Credit rating agency ICRA Ltd has upgraded the outlook of unit Reliance Infratel's long term rating to “stable” from “negative".
Revision in outlook reflects several initiatives being taken by the group to increase its spectrum holding, ICRA said in a note
ICRA notes Reliance Communications has been involved with potential investors for sale of its stake in its tower arm - a deal that “should generate material cash flows” that can be used for debt repayment
Shares have slumped around 46 per cent this year as of Wednesday's close.
New orders boost KEC International
KEC International surged on orders in Middle East, Americas. The stock snapped two sessions of losses and gained as much as 7.6 per cent.
The power transmission firm's stock hit its highest in 5-1/2 months.
The company has said it won orders worth Rs 1,036 crore ($153.82 million) in the Middle East and across the Americas.
Over 1.3 mln shares change hands as of 10.36 IST, more than thrice their 30-day average volume.
At 11.10 am, the stock was up 4.30 per cent or Rs 5.75 at Rs 139.60 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.