Analyst Call Tracker: Pessimism in IT continues; AI can redeem IT stocks but not soon enough on December 11, 2023 at 5:10 am

In a recent report, Kotak Securities said that most enterprises are focused on cost reduction; moreover, trends do not indicate the possibility of recovery in discretionary spending in 1HCY24

Zydus Lifesciences inks licensing pact with Daewoong Pharmaceutical on December 11, 2023 at 5:56 am

Zydus Worldwide DMCC, a wholly-owned subsidiary, and Daewoong Pharmaceutical Co Ltd have entered into an exclusive licensing agreement to co-develop and commercialise Leuprolide Acetate for depot suspension in six dosage strengths for the US market, Zydus Lifesciences said in a regulatory filing.

Religare Enterprises gains on buying out MIC Insurance Web Aggregator on December 11, 2023 at 5:13 am

MIC has become a wholly-owned subsidiary of the company. MIC Insurance Web Aggregator is an IRDAI registered insurance web aggregator.

PSP Projects emerges lowest bidder for Rs 296-crore project, shares gain on December 11, 2023 at 4:02 am

The share touched a 52-week high of Rs 846 and a 52-week low of Rs 639.60 on 23 August, 2023 and 09 December, 2022, respectively.

Torrent Power falls on share subscription deal with Torrent Saurya Urja 3, Automotive Axles on December 11, 2023 at 4:06 am

Torrent Power will hold 74 percent stake in TSU3PL and Automotive Axles will hold 26% shares, the filing said.

GMR Airports Infrastructure gains 1% as GQG Partners buys shares worth Rs 1,671 crore on December 11, 2023 at 4:10 am

Foreign portfolio investors A/D Investors Fund LP, ASN Investments and Varanium India Opportunity exited GMR by selling their entire personal shareholding.

Blue Dart Express up 2% as subsidiary to purchase 2 leased aircraft on December 11, 2023 at 4:07 am

The share touched a 52-week high of Rs 7,934 on January 2, 2023 and a 52-week low of Rs 5,633 on May 8, 2023

Max Healthcare rises 1.5% on Rs 940-cr acquisition of Lucknow#39;s Sahara Hospital on December 11, 2023 at 4:13 am

With this acquisition, Max Health will also make an entry in the fast growing Lucknow market, following the footsteps of industry peers Global Health and Apollo Hospitals.

Jaykay Enterprises share price locked at upper circuit after signing MoU with Phillips Machine on December 11, 2023 at 4:19 am

The share price rose 125 percent in the last 6 months.

Cipla’s US-arm recalls drug due to improper seal, could have ‘life threatening’ effects; shares fall on December 11, 2023 at 4:15 am

The product, Vigabatrin for oral solution, USP 500mg, is used for the treatment of refractory complex partial seizures as adjunctive therapy in patients 2 years of age and older.