The strongest argument for defense stocks at this point is their bulging order books. Of course, the market is ignoring execution risks right now because the quarterly earnings growth so far has not given any cause for worry. But there is another risk that the market may be overlooking, according to a senior portfolio manager Short Call spoke to.If defense companies continue to make super profits,...

Troubles rose again for Cipla Ltd as the US Food and Drug Administration slapped a form 483 with six inspectional observations on the drugmaker's manufacturing facility at Patalganga in Maharashtra. The continued regulatory stress for the company sent its shares down 1.5 percent in early trade on April 5.At 9.19 am, shares of Cipla were trading at Rs 1,450.95 apiece on the NSE.Cipla's Patalganga p...

Larsen & Toubro bags multiple orders in India, the Middle East, The multiple orders were bagged by the power transmission and distribution business of Larsen & Toubro (L&T), the company said in a filing to BSE.Larsen & Toubro on Wednesday said it has bagged large orders in the domestic market and Middle East.The multiple orders were bagged by the power transmission and distribution business of Lar...

The meeting of the US Secretary of State Anthony Blinken with his Russian counterpart Sergey Lavrov should be considered a diplomatic breakthrough for the G20 under India’s presidency. This was the first face-to-face meeting between the two leaders since the onset of the war in Ukraine. Earlier, they had only telephonic conversations.It must have required serious behind-the-scenes diplomatic end...

Benchmark indices BSE Sensex and NSE Nifty fell in trade on Thursday. Nifty dropped 130 points to 17,320 while Sensex lost 0.85% at 58,909. The broader markets were largely in red, however few Nifty Small Cap indices eked out marginal gains. Sectorally, Nifty Realty, Oil & Gas and PSU Bank were the only winners, Nifty IT tanked 1.26% with Infosys and TCS leading the index’s losses. Adani Enterpr...