logo
Divis Laboratories Ltd up for third consecutive session

Divis Laboratories Ltd up for third consecutive session

Divis Laboratories Ltd is quoting at Rs 6742, up 1.02% on the day as on 12:49 IST on the NSE. The stock is up 51.43% in last one year as compared to a 8.09% jump in NIFTY and a 11.76% jump in the Nifty Pharma index.
Divis Laboratories Ltd is up for a third straight session today. The stock is quoting at Rs 6742, up 1.02% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 25209.65. The Sensex is at 82725.53, up 0.41%. Divis Laboratories Ltd has gained around 13.46% in last one month.
Meanwhile, Nifty Pharma index of which Divis Laboratories Ltd is a constituent, has gained around 4.53% in last one month and is currently quoting at 21948, up 0.51% on the day. The volume in the stock stood at 3.53 lakh shares today, compared to the daily average of 5.77 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 6761, up 0.86% on the day. Divis Laboratories Ltd is up 51.43% in last one year as compared to a 8.09% jump in NIFTY and a 11.76% jump in the Nifty Pharma index.
The PE of the stock is 80.18 based on TTM earnings ending March 25.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ET Market Watch: Banking blues drag stock markets; Nifty eyes 24,700 retest
ET Market Watch: Banking blues drag stock markets; Nifty eyes 24,700 retest

Economic Times

time25 minutes ago

  • Economic Times

ET Market Watch: Banking blues drag stock markets; Nifty eyes 24,700 retest

Transcript Markets took a breather after Monday's rally. Indian benchmark indices ended lower in a choppy Tuesday trade, dragged by banking heavyweights HDFC Bank and ICICI 80,235, down 368 pts (-0.5%)Nifty: 24,487, down 98 pts (-0.4%)Top Nifty Gainers: Tech Mahindra, Maruti Suzuki, Hero MotoCorp, M&M, NTPCTop Losers: Bajaj Finance, Trent, Hindustan Unilever, Nestle India, EternalSector CheckBanks & Financials were the big drags. Nifty Bank down 0.84%, Nifty Financials down 0.9%.On the upside, Auto, IT, Pharma & Oil & Gas gained up to 0.7%.Expert TakeAs per Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities: Nifty formed a small red candle with a long upper shadow, indicating weak momentum to break 24,700. Support is seen at 24,300–24,400, and analysts expect a retest of 24,700 if support CuesAsian markets mostly in the green. Nikkei was down +0.65%, Hang Seng +0.77%.Europe mixed; FTSE 100 slightly higher, DAX down 0.4%.Currency WatchRupee slightly stronger at 87.64 against the USD; traders eye U.S. inflation data for Fed policy cues.

Ray-Ban Meta AI glasses fuels 110% growth of global smart glasses market
Ray-Ban Meta AI glasses fuels 110% growth of global smart glasses market

Indian Express

time25 minutes ago

  • Indian Express

Ray-Ban Meta AI glasses fuels 110% growth of global smart glasses market

Meta continues to increase its share of the global smart glasses market with its AI-powered Ray-Ban glasses, growing shipments by 73 per cent in the first half of 2025, according to figures from Counterpoint Research. The tech giant's dominance in the smart glasses market has been driven by strong demand and the expanded manufacturing capacity of Luxottica, the parent company of Ray-Ban and Meta's key trading partner, as per the report by the market research firm. It further said that the global smart glasses market grew by 110 per cent year-over-year (YoY) in H1 2025. 'We expect the rapid growth of the global smart glasses market to continue throughout 2026 and beyond. More new AI glasses models are expected to enter the market in H2 2025, including upcoming releases from Meta, Alibaba and several smaller players,' Counterpoint Research said on Tuesday, August 12. AI smart glasses accounted for 78 per cent of total shipments in H1 2025, up from 46 per cent in H1 2024 and 66 per cent in H2 2024. This was largely due to the dominance of Ray-Ban Meta AI Glasses, the report read. The global smart glasses market is made up of two segments. While the AI smart glasses segment grew by over 250 per cent YoY in H1 2025, the report stated that shipments of audio smart glasses have declined. The Counterpoint Research analysis comes days after US President Donald Trump's proposed tariffs on key allies, including India, went into effect on August 1. However, analysts expect limited impact of US-imposed tariffs on growth of smart glasses. 'The global tariff crisis for electronic devices during the first half of the year has had a limited impact on the smart glasses market so far, as the situation still appears manageable for key OEMs and their manufacturing partners,' Flora Tang, Senior Research Analyst at Counterpoint Research, was quoted as saying. Luxottica, Meta's production partner in the Ray-Ban AI glasses, is said to have played a critical role in the success of the wearable by 'not only by scaling up production but also by supporting product longevity through the expansion of style variants and driving retail sales.' 'According to our channel tracker, Luxottica's own retail networks, including online and offline Ray-Ban stores, Sunglass Hut and LensCrafters, account for a significant portion of the product's sales,' the report read. The strong demand for the Ray-Ban Meta AI glasses is reflected in their presence in major markets such as North America, Western Europe, and Australia which lead global smart glasses shipments. Its shipment shares were further boosted by the expansion of the wearable into India, Mexico, and the United Arab Emirates (UAE) in Q2 2025. In June this year, the wearable became available for pre-order in India in a range of styles, including the new Skyler frame, with prices starting at Rs 29,900 and going up to Rs 35,700 for select models. The smart glasses can also be paired to your smartphone using the newly introduced Meta AI app. Beyond Meta, the other major OEMs in the global AI smart glasses market are Chinese players such as the recently unveiled Xiaomi AI Glasses, TCL-RayNeo's RayNeo V3 series, Thunderobot's AURA smart glasses, and the Kopin Solos AirGo V series. Terming Xiaomi's AI glasses as a 'dark horse', the report said that the wearable became the fourth best-selling model overall and the third best-selling product in the AI glasses segment despite being on the market for about a week in H1 2025. 'The Xiaomi device's sales were driven by strong support from tech enthusiasts and Mi fans in China. We expect Xiaomi to continue enhancing the product's performance through OTA and software updates in the coming months,' Tang said. The AI smart glasses component manufacturing sector is also seeing the entry of various Chinese chipset makers such as Allwinner Technology, which is offering low-cost SoC solutions aimed at powering more affordable smart glasses. Qualcomm also recently launched an upgraded version of its AR 1+ Gen 1 chipset which is said to be 26 per cent smaller and consumes 7 per cent less power, enabling smart glasses with slimmer product designs and longer battery life. Shipments of smart audio glasses from major players such as Amazon and Huawei has suffered 'due to rising competition from AI glasses' that offer more advanced features 'such as photo and video capture, image and object recognition, encyclopedia-based Q&A, live translation and more.' Counterpoint Research said that it has revised its smart glasses market forecast for both 2025 and 2026 based on the market's momentum and continued influx of new entrants. 'We continue to expect the market to grow at a CAGR of over 60% between 2024 and 2029,' it said. 'More AI smart glasses are expected to enter the market from H2 2025 onward, including launches from internet giants such as Meta and Alibaba. Meta recently introduced the Oakley Meta glasses, featuring improved battery life and enhanced video-shooting quality over the Ray-Ban Meta AI Glasses, and primarily targeting athletes and sports enthusiasts,' the report read. 'Our industry checks indicate positive market feedback for this model. We expect Meta will take a more aggressive approach and unveil a broader product lineup at the Meta Connect event to further drive growth. Meanwhile, we believe Apple is also actively exploring this space and developing its first AI glasses,' it added.

US stocks open higher as inflation rises moderately in July
US stocks open higher as inflation rises moderately in July

Economic Times

time25 minutes ago

  • Economic Times

US stocks open higher as inflation rises moderately in July

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store