Indian stock market benchmarks, the Sensex and the Nifty 50, extended their losses for the fifth consecutive session on Thursday, July 25, influenced by weak global cues. The Sensex closed 109 points, or 0.14%, lower at 80,039.80, while the Nifty 50 ended at 24,406.10, down 7 points, or 0.03%. “Nifty index opened gap down by … Read more
Shivalik Bimetal Controls share price jumped over 10% on Friday led by strong demand and high volumes. Around 9 lakh equity shares of Shivalik Bimetal Controls changed hands on July 12 as against its one week average trading volumes of 2 lakh shares. Brokerage firm Anand Rathi is bullish on Shivalik Bimetal shares as the … Read more
Anand Rathi has assigned a ‘Buy’ rating on Rossari Biotech shares with a target price of ₹950 apiece, implying an upside potential of nearly 26% from its Thursday’s closing price. The specialty chemicals manufacturer Rossari Biotech is embarking on substantial ₹180 crore capex to yield an asset turnover of 4-5x on optimal utilisation. Anand Rathi … Read more
The industry saw some growth impact during COVID in FY21 as it grew 10% YoY to ₹8 lakh crore and subsequently a bounce-back in FY22, growing 15% YoY to ₹9.2 lakh crore, and normalized growth in FY23 at 15% YoY to ₹10 lakh crore. Going ahead, key structural drivers such as an ageing population, an … Read more