Shares of Emcure Pharmaceuticals rose 2.99% to Rs 1,836.50 on Monday after Motilal Oswal initiated coverage on the stock with a Buy rating and a target price of Rs 2,260, implying a potential upside of 23% from the current market price.Motilal Oswal said, "Emcure is implementing efforts to enhance differentiated offerings to both DF and international markets through its own R&D and acquired produc...

Hindustan Aeronautics Ltd (HAL) will be in focus after Kotak Securities initiated coverage on the defence stock with an 'ADD' rating and a fair value of Rs 4,810, while assigning 'SELL' ratings to Mazagon Dock Shipbuilders (MDL) and Solar Industries, despite remaining constructive on the sector's long-term growth.In a note on Monday, the brokerage said, "We believe India's defense sector is on a m...

Shares of aviation, paints and oil marketing companies (OMCs) came under pressure in early trade on Monday as a sharp spike in crude oil prices following renewed military escalation between the United States and Iran weighed on sectors that are among the biggest consumers of petroleum products.At around 9:30 am, the Sensex was down 633 points, or 0.82 percent, at 76,936.04, while the Nifty slipped...

Persistent Systems shares tumbled nearly 10 percent on June 29 after the IT services company announced plans to acquire German digital engineering firm Nagarro SE in a Euro 1.4 billion deal. Brokerages offered sharply divergent views on the transaction, ranging from very bullish to bearish.The stock fell as much as 9.8 percent to Rs 4,365.5, extending early morning losses, and emerging as the top ...

Gujarat Themis Biosyn shares are likely to remain in focus on May 25 after the company announced the acquisition of 100% equity stake in MicroBiopharm Japan Co., Ltd., a Japan-based company with more than six decades of expertise in fermentation, microbial-based research, development, and manufacturing of pharmaceuticals and specialty chemicals.The company has signed a definitive agreement to acqu...