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Latest Stock Market News

Sell Lupin, target price Rs 850: Chandan Taparia

Updated at : 2021-11-22 10:20:01

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Lupin Ltd. key Products/Revenue Segments include Pharmaceuticals, Export Incentives, Other Operating Revenue and Other Services for the year ending 31-Mar-2021.

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“The stock price may not go down significantly since 87% of issue was subscribed by institutional investors, who can always support the price,” said Deven Choksey, a strategist at KRChoksey Investment Managers Pvt.

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Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 140882.86 Crore) operating in Metals - Ferrous sector.

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“Last week, Reliance saw a little bit of weakness. In fact, Reliance was the reason that the index dragged down from 18,200 to 17,600. As the news is out, I would expect some rear guard buying in Reliance since the news has got discounted.”

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Asian markets mostly fell Monday with fears about renewed containment measures to battle a surge in European Covid cases adding to growing speculation that central banks will have to tighten monetary policy quicker to tame a spike in inflation.

The company is recalling 73,957 bottles of 5 mg strength and 36,786 bottles of 20 mg strength, the US health regulator stated. An affected lot of the medication was manufactured by the drug maker in India and distributed in the US by Princeton, New Jersey-based Sun Pharmaceutical Industries Inc, it said.

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The loss was almost four times the previous year, as weak economic growth during the fiscal year and the pandemic-induced lockdown crippled truck sales in India.

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Paytm founder and chief executive Vijay Shekhar Sharma told employees in a town hall that they need not read too much into the criticism of its business model after its shares crashed on listing last week, and that the company in its history has never had anything easy up front.

Zydus Cadila said it has received approval from the US health regulator to market Decitabine injection, used to treat certain types of cancers, in the American market.

Paytm says October GMV rose 131% to $11.2 billion

Updated at : 2021-11-22 07:20:01

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The number of its monthly transacting users (MTU) grew more than 35% in October this year to 63 million, compared with 47 million the same month last year. GMV per MTU increased to $177 from $104.

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