Page 3 - Divi Lab News Today

The FMCG index experienced a decline of 0.34%, alongside the Auto index down by 0.29%, while the Realty index saw a significant decrease of 1.55%

At the time of close, the Sensex was down 27.09 points, or 0.04%, at 73,876.82, while the Nifty was down 18.6 points, or 0.08%, at 22,434.70.

Nifty has a short-term bottom at 21,710 and has its eyes set on a new all-time high with a potential to stretch higher till 23,000–23,100 from a one-month perspective.

Dr Murali Krishna Prasad Divi's resilience and strategic decisions have propelled Divi’s Labs to global success as a top API manufacturer. The company

Suven has been 50% owned by Advent since 2022 acquisition, with the remaining with public and institutional shareholders while Cohance is wholly owned by the PE group. Now post merger, Advent will own 66.7% in the combined entity and the public shareholders the rest.

India Business News: NEW DELHI: Equity benchmark Indices Sensex and Nifty starts flat on Wednesday.

What the numbers say about the Indian economy, markets, Life, the Universe and Everything

Operational performance was on the weaker side as the company's earnings before interest, taxes, depreciation and amortization (EBITDA) came in at Rs 479 crore, up around 19.6 percent from Rs 409 crore.  

Gautam Shah says: “real estate, select auto stocks and if you look at capital goods, I think that has also had a wonderful run up in the last two and a half years. That is also looking quite overbought. So stay away from these segments and look to commit in IT, pharma, metals, select banks and select chemical stocks.”

Markets across the global traded higher, lifting sentiment for domestic equities. Most frontline banking stocks, which were hammered in the past two day, staged a recovery, with ICICI Bank and Axis Bank taking the lead