Page 14 - Divis Lab News Today

We had mentioned in Wednesday’s closing report that Nifty, Sensex may continue to be under pressure. With heavyweights dragging due to selling pressure, India’s key equity indices closed lower on Thursday.

Stock market movers: Top 10 winners and losers on BSE, NSE on June 9 Sensex tanked 334 points on Wednesday, tracking heavy losses in index heavyweights Reliance Industries, ICICI Bank and L&T amid a weak trend in global markets. The 30-share BSE index ended 333.93 points or 0.64 percent lower at 51,941.64. Similarly, the broader NSE Nifty slumped 104.75 points or 0.67 percent to 15,635.35. L&T was the top loser in the Sensex pack, shedding around 2 percent, followed by Reliance Industries, Baja...

The company reported a 24.4 per cent rise in its standalone net profit to Rs 487.93 crore for the quarter ended March 31, 2021, on account of robust sales. Profit in the year-ago period stood at Rs 391.80 crore.

IDBI Bank, Tata Motors and 50 other stocks look set to rally, signals MACD SECTIONS Share Getty Images Some of these stocks sending out bullish signals gained up to 13% in Tuesdays trade so far. Related NSE NBCC and UPL, looked strong on momentum oscillator MACD or moving average convergence divergence on Tuesday. The momentum indicator signalled bullish crossovers — a sign of bullish undertone — on these counters, hinting at possible upsides in the days ahead. Some of these stocks have cli...

Stop loss: Rs 138 On the weekly charts, NOCIL started its up move from 45 in March 2020. A continuous, steady rise followed, supported by higher bottoms and the stock made a high of 199 in March 2021. Since July 2020, it has been trading above the averages and the super trend is in the positive mode. Recently, the stock traded in the range of 157 and 185 for a month. A weekly green candle with the range of 173-184 has formed, supported by volumes and the Vortex and KST Indicators are in the...

On a consolidated basis, Divis Laboratories reported 31.1% jump in net profit to Rs 470.62 crore on a 21.9% rise in net sales to Rs 1701.44 crore in Q3 FY21 over Q3 FY20. The company reported a forex gain of Rs 2.53 crore in the quarter ended December 2020 as against a forex gain of Rs 17.96 crore in the quarter ended December 2019. Profit before tax in Q3 December 2020 stood at Rs 642.08 crore, up by 31.8% from Rs 487.32 crore in Q3 December 2019. Current tax expenses during the quarter incre...

Taking Stock | Budget rally continues as benchmark index scales record high Broader markets outperformed the main indices with BSE Midcap and Smallcap indices rose over 1 percent each. February 03, 2021 / 04:25 PM IST The Budget exuberance continued on the Dalal Street on the third consecutive day on February 3 with benchmark indices hitting record levels, also helped by the positive global cues. At close, the Sensex was up 458.03 points or 0.92% at 50,255.75, and the Nifty was up 142.10 po...

Divi’s Lab, one of best performing large-cap stocks, sees wave of bullish calls Premium (REUTERS) Ronojoy Mazumdar , Bloomberg Overall in absolute terms, analysts’ average 12-month target price for Divi’s stock has risen about ₹134 in the past four weeks Share Via Some analysts are turning even more bullish on India’s best-performing large-cap stock in 2020. In just about two weeks, at least four brokerages have raised their price targets on Divi’s Laboratories Ltd., one of the to...

S&P BSE Sensex edged 139 points or 0.3% higher to end at 46,099 and the 50-scrip NSE Nifty was at 13,514 levels, up by almost 36 points or 0.26%