Monday, September 14
Lupin shares surged 5% to Rs 1,940 in Thursday’s trade after the pharmaceutical giant reported a strong set of Q1 FY26 results, with consolidated net profit rising 52% year-on-year to Rs 1,221 crore, compared to Rs 805 crore in the same quarter last year. The impressive performance was driven by robust growth in both the US and Indian markets.Revenue for the quarter stood at Rs 6,164 crore, up from Rs 5,514 crore a year ago.“We continue to build strong business momentum, anchored by a robust product portfolio, improved efficiencies, and effective use of assets and investments,” said Nilesh Gupta, Managing Director, Lupin.“As we begin the year, our sharpened focus on compliance, innovation, and technology positions us to further unlock sustainable growth,” he added.The company rep
Shares of National Securities Depository Ltd (NSDL) surged as much as 6.6% on Thursday to Rs 997.65 on the BSE, extending their post-listing rally to 13.4% from the opening price of Rs 880, prompting investors to weigh whether they should lock in early gains or hold on for longer-term upside.NSDL shares listed on the BSE at Rs 880 on Wednesday, delivering a 10% premium over the IPO price of Rs 800 per share. The stock rose to an intraday high of Rs 920 on debut day, reaching a 4.5% high over its opening level.While the two-day rally marks a promising start, it still lags behind the grey market premium of Rs 125 per share ahead of the listing, which had implied a 16% gain.Strong institutional demand underpins listingThe Rs 4,012 crore initial public offering was entirely an offer for sale (
US President Donald Trump Wednesday signed an executive order imposing an additional 25% tariff on India for its imports from Russia. A look at all his announcements related to tariffs on various countries:Aug 6- U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy. Here is a timeline of the major developments: February 1 - Trump imposes 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, demanding they curb the flow of fentanyl and illegal immigrants into the U.S. February 3 - Trump agrees to a 30-day pause in his tariff threat on Mexico and Canada in return for concessions on border and crime enforcement. The U.S. does not reach such a deal with
