Dr Lal Pathlabs To Thyrocare No Longer Have A Covid Windfall. Analysts Aren’t Worried

With windfall sales driven by Covid testing behind, India’s diagnostic players face a return to reality. Companies offering pathology and radiology services recorded a dip in revenues and margins in the first half of the fiscal as demand normalizes on a high Covid base. And there are concerns that low entry barriers and competitive pricing … Read more

RBI Action On Paytm Unit Increases Regulatory Uncertainty, Says Morgan Stanley

The research house stuck to its ‘equal-weight’ rating and the target price of Rs 695 on the stock, implying a potential upside of nearly 50% from the current levels. Shares of Paytm were up 0.48% at Rs 467.45 apiece at 10:40 am, while the benchmark Nifty 50 gained 0.16%. Citi, in a note dated Nov. … Read more

Sensex, Nifty Set To Open Lower; Dharmaj Crop IPO, IEX, Paytm In Focus

Asian markets came under pressure on Monday due to growing unrest in China over the Covid-19 restrictions. The dollar made some of its biggest early gains against the currencies of Australia and South Africa, both of which are exposed to trade with China. Last week, the 30-share BSE benchmark Sensex rallied 630.16 points or 1%. … Read more

Maruti Suzuki To Take The SUV Route To Reclaim 50% Market Share In India

India’s largest carmaker Maruti Suzuki India Ltd. is looking beyond its bread-and-butter small cars to recapture 50% market share in a country obsessed with sports utility vehicles. That’s according to Hisashi Takeuchi, new chief executive officer at Maruti Suzuki India Ltd., who hosted an investor meeting on Thursday to lay out the roadmap for his … Read more

Sensex, Nifty Advance As Banking, Metals And Services Stocks Gain: Midday Market Update

India’s benchmark indices sustained gains as banking, metal, and services stocks advanced. At 12:47 pm, the Sensex traded with 0.17% gains at 61,521.29 on the BSE, while the Nifty 50 advanced 0.14% to 18,269 on the NSE. Among Nifty 50 constituents, 30 stocks advanced, 18 declined, and two remained unchanged. Apollo Hospitals Enterprise Ltd., Bajaj … Read more

Sensex, Nifty Set To Open Higher; RIL, NDTV, Kaynes Technology In Focus

Stocks rose in Asia amid fragile sentiment as investors weighed the impact of Covid infections in China and parsed comments from Federal Reserve officials on interest rate hikes. Oil steadied near $80 per barrel following a volatile session Monday after Saudi Arabia denied a report that it was discussing an oil-production increase for the OPEC+ … Read more