Divi S News Today

Vi plans to launch 5G services in 6-7 months and expects more clarity on 5G monetisation by then. The telco will switch off its 3G network in FY25 and refarm airwaves in the 2100 MHz band for 4G. Vi has shut down 3G services in some areas and is in discussions with technology partners for the 5G rollout. The company is also exploring advanced technologies like vRAN & ORAN. Jio has completed its 5G rollout nationwide, while Airtel is set to do so by March. Vi continues its fundraise discussio...

Divis Laboratories, incorporated in the year 1990, is a Large Cap company (having a market cap of Rs 98115.86 Crore) operating in Pharmaceuticals sector.

Stocks that were in focus include names like IndiGo, which fell 3.57%, Divis Labs, which declined 0.55%, and Vodafone Idea, whose shares dropped 2.48% on Wednesday.

Divis Laboratories, incorporated in the year 1990, is a Large Cap company (having a market cap of Rs 99034.38 Crore) operating in Pharmaceuticals sector.

"There will be a lot more demand for both railways and defence orders that are coming in and while these stocks have run up quite a bit, there is actually a significant room for growth from here even though the prices have run up. Also, some of the domestic consumption stories and high precision engineering stories will make a difference."

"The result season is now coming to an end. Overall the earnings have been in the expected line. In the absence of any major trigger and uncertain global cues, we expect the market to consolidate in the range," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

ONGC has reported consolidated net profit of Rs 14,134 crore for the quarter ended June. Revenue from operations dropped 10% to Rs 1.63 lakh crore in the June quarter.

Promoters held 51.93 per cent stake in the company as of 30-Jun-2023, while FIIs owned 14.69 per cent, DIIs 21.03 per cent.

ET Intelligence Group: Ahmedabad-based Concord Biotech is a global supplier of bio-pharmaceutical APIs and formulations, serving more than 70 countries, including regulated markets like the United States, Europe and Japan.

The stock market witnessed a dynamic performance in the stock market as several notable stocks crossed their 20-day Simple Moving Averages (SMA), indicating significant market momentum and potential upward trends.