Latest news with #DivisLaboratoriesLtd
Business Standard
6 days ago
- Business
- Business Standard
Quick Wrap: Nifty Pharma Index falls 2.03%
Nifty Pharma index ended down 2.03% at 21523.75 today. The index has slipped 4.00% over last one month. Among the constituents, Divis Laboratories Ltd shed 4.30%, Ajanta Pharma Ltd slipped 3.58% and Biocon Ltd fell 3.21%. The Nifty Pharma index has fallen 0.00% over last one year compared to the 2.42% increase in benchmark Nifty 50 index. In other indices, Nifty IT index has dropped 1.74% and Nifty Realty index is down 1.51% on the day. In broad markets, the Nifty 50 is down 0.31% to close at 24574.2 while the SENSEX has dropped 0.21% to close at 80543.99 today.
Business Standard
11-06-2025
- Business
- Business Standard
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.
Mint
07-05-2025
- Business
- Mint
Stock Picks: Sagar Doshi suggests Divis Lab, HCL Tech, Marico shares to buy amid Indo-Pak conflict
Stock market today: Indian stock markets initially opened lower but then bounced back, trading flat at the time of this report on Wednesday following India's anti-terror operations in Pakistan. The Nifty 50 index started off with a drop of 146 points at 24,233.30, reflecting a decrease of 0.60%, while the Sensex began at 79,948.80, down by 692.27 or 0.86%. However, the indices quickly recouped their losses. Analysts pointed out that Indian markets might respond negatively to the increased tensions at the border that unfolded last night. It is noted that what differentiates 'Operation Sindoor' from the market's point of view is its precise and non-escalatory approach. We will need to observe how the opposing side reacts to India's targeted strikes. The market is expected to remain unaffected by any retaliatory actions from India, as such outcomes were already anticipated and factored into market considerations. The primary driving force behind the market's resilience in India is the steady foreign institutional investor (FII) buying witnessed over the past 14 trading sessions, which has reached a total of ₹ 43940 crores in the cash market. Despite trading at 4.5 month highs, Nifty 50 has been facing supply between a polarised resistance zone between 24,400 – 24,650 odd. This supply net could allow a retest support band of 23,900- 24,000 odd first before deciding further course of action on the index. Since the geopolitical tensions have erupted 2 weeks ago, the index has been confined with a 2% range. For the first time in past 7 trading days, the index has closed below its previous day's low showing signs of short term weakness. On the Bank Nifty we had reiterated a range of 54,200 – 56,000 last week that full range has been played out for the past 2 weeks now, a break of 54,200 which is likely now, could allow a further grind towards 53,500 / 53,100 on the downside. Outperformance of Bank Nifty against the Nifty 50 has ended from the day of border tensions emerging as markets consolidate with a negative bias to learn the course of action ahead. On stocks to buy on Wednesday, Sagar Doshi of Nuvama recommended three stocks - Divis Laboratories Ltd, HCL Technologies Ltd, and Marico Ltd. A 6 month consolidation is breaking out on charts of Divis Lab with the stock has given a breakout from the same in last week's trade. This marks an end to the ongoing consolidation while upside can open up for 8-10% in the short term as stock reach all time highs. An inverted head and shoulder formation is seen on daily charts where the stock is awaiting for a breakout of the neckline visible at 1600 odd levels. A higher low formation shows early signs of this breakout coming in the short term for targets of 200 DMA resistance floating near 1725 – 1735 band. Marico share price has given highest ever closing on daily charts on the first trading day of this week. In an uncertain scenario wherein mid and smallcap names have been facing the heat, FMCG is a pack wherein money is seen to be flowing. Marico being at an all time high while the market isn't shows early signs of smart money movement. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
