Page 36 - Divi Lab News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEW DELHI: Nifty's consolidation run continued to the third consecutive day as the headline index formed a bearish candle on the daily chart. The 50-pack bluechips underperformed the broader market as the rally continued in the midcap and smallcap space. Ajit Mishra, VP - Research, Religare Broking said, "In absence of any major trigger, we may see further consolidation in markets. Meanwhile, the focus should be on position management. Nifty has the next major support around the 14,850-14,950 zone." "Nifty made a move towards the mentioned resistance zone of 15,245-15,315. Since the move was ...

The only circumstance in which this market can see a pullback is if inflation comes back strongly and interest rates are hiked both in the western world and in India.

While you continue to like the Kotaks and the Berger Paints of the world, are you looking at expanding the number of stocks in your portfolio? Two things are playing out. One, flows into Marcellus have been very strong over the last 12 months. As the money that we are managing is basically moving towards the billion dollar mark, we are adding a few more stocks because there is only so much you can buy in a name and many of the names that we own we are already accounting for a substantial part of the free float and that is a little uncomfortable.

On a consolidated basis, Divi's 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 increased by 18.4% year-on-year (YoY) to Rs 144.78 crore. "The company has been able to have normalized ...

Post Market views - Feb 5, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities.