Category: Uncategorized

Bull run in drug stocks face first hurdle as old headache returns
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Bull run in drug stocks face first hurdle as old headache returns

MUMBAI: Besides information technology and steel, no sector has enjoyed as much favour with investors as the pharmaceutical space has since the calamitous selloff of March 2020. The Nifty Pharma index has returned 96 per cent since April last year on the perception that the sector will be a long-term beneficiary of the pandemic, as […]

Bata India’s Q1 is muted, stock still below pre-covid highs
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Bata India’s Q1 is muted, stock still below pre-covid highs

At first glance, it seemed like ITC Ltd made all the right noises in its 110th annual general meeting (AGM) on Wednesday. Here is a sample of the post-AGM news headlines: ‘ITC to launch super app this year’, ‘ITC to explore inorganic opportunities’ and ‘ITC may demerge hotels business, list IT arm’. Talk of any […]

Newly listed US stocks catch the fancy of Indians
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Newly listed US stocks catch the fancy of Indians

Mumbai: New listings on Wall Street are appealing to Indian investors. Robinhood, the largest retail brokerage in the US, made its debut on Wall Street late last month and quickly became the talking point of various Reddit groups in India. It had a tepid start but last week the stock made a comeback, rallying 60%. […]