Ipca Laboratories News Today

The benchmarks closed at new record highs, and investors became richer by Rs 14.18 lakh crore.

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Tata Steel, Cummins, SAMIL, Alkem Labs, Mazagon Dock, SJVN, GMR Infra, Ipca Labs , KIOCL, Emami, Bata India, GR Infra, Aadhar Housing, Indegene and other will announce quarterly results today.

More than 550 companies will announce their quarterly earnings on May 29 including Tata Steel, Aadhar Housing Finance, Alkem Laboratories, Bata India, Cummins India, Deepak Fertilisers & Petrochemicals Corporation, and Emami.

The Nifty 50 is likely to consolidate around the 23,000 mark in the coming sessions and may once again attempt to hit the upper band of the rising channel (placed around 23,100-23,200).

The markets mood is expected to remain upbeat, albeit highly volatile, as it approaches the exit poll as well as the general election results, according to experts.

Based on the OI percentage, 82 stocks saw long unwinding, which included Abbott India, Havells India, Ipca Laboratories, Oberoi Realty, and Aditya Birla Fashion & Retail.

Aditya Agarwala of Invest4edu discusses market insights including key levels for Nifty and Bank Nifty. He anticipates resistance at 50,000 on Bank Nifty and a potential new all-time high for Nifty around 23,000. Aurobindo Pharma is one of his picks. At current levels, one can initiate fresh long in the stock for a target of Rs 1,300 on the upside with a stop loss at Rs 1,120 on the downside. The second stock is Astral. This is one stock which has clearly bucked the trend and has been making hig...

Based on the OI percentage, 132 stocks were on the short-covering list that included Hindustan Copper, Voltas, Bharti Airtel, Muthoot Finance, and Eicher Motors.

A short build-up was seen in 100 stocks, including Exide Industries, Indraprastha Gas, Dr Reddys Laboratories, Titan Company, and Berger Paints.