Alembic Pharmaceuticals, incorporated in the year 2010, is a Mid Cap company (having a market cap of Rs 11514.67 Crore) operating in Pharmaceuticals sector.

“Gland Pharma which after the results, showed 15% decline in one single day. But I think that was more to do with some sentiments on Chinese promoters or something of that kind. Nobody knows the actual reason. In fact, the company has shown a quarter-on-quarter good recovery of almost 20%. ”

Alembic Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals, Export Incentives, Royalty Income and Other Operating Revenue for the year ending 31-Mar-2022.

Rajesh Exports, AVG Logistics, Shahlon Silk Industries, MRC Agrotech, Lee & Nee Softwares, Milton Industries and Destiny Logistics & Infra are among the companies that will announce their results for September 2022 quarter today.

ONGC, Grasim, IRCTC, Bharat Forge, Biocon, Abbott India, Balkrishna Industries, NMDC, Aarti Industries, AIA Engineering, GMR Infra, Godrej Industries and Radico Khaitan are among the companies that will announce their results for September 2022 quarter today.

The company reported Rs 164 crore in net profit in Q2FY22. Revenues dropped 12% YoY to Rs 1475 crore in Q2FY23 compared to Rs 1313 crore last year.The earnings before interest, tax, depreciation and amortization (EBITA) declined 13% YoY to Rs 231 crore. The EBITDA margins stood at 16% in Q2FY23

Global brokerage firm Morgan Stanley upgraded Bank of India to 'overweight' on Friday after the lender reported strong numbers in the July-September quarter. It also raised the price target to Rs 95 a share from Rs 53 earlier.markets/stocks/news

“The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Apriso Extended-Release Capsules, 0.375 g, of Salix Pharmaceuticals, Inc. (Salix). Mesalamine Extended-Release Capsules are indicated for the maintenance of remission of ulcerative colitis in adults,” the company said in a BSE filing.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said, “Zooming into the 15-minute chart, we see that the Nifty opened with a down gap, but buying soon emerged from the lows and pushed the index higher. The Nifty thus remains in a short-term uptrend as it has moved above the previous swing highs of 17,429 and made higher bottoms over the last few weeks.”

On the daily chart, Nifty formed a bullish candle with a long upper shadow

Wall Street stocks fell Friday to conclude a volatile week with markets shrugging off mostly solid bank earnings amid worries over bond yields and rising recession risk. JPMorgan Chase, Citigroup and Wells Fargo all rallied after reporting profits that exceeded analyst expectations even as they highlighted increased economic risks.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said: “After showing sharp weakness on Tuesday, Nifty shifted into a sustainable upside bounce amidst volatility on Wednesday and closed the day higher by 140 points. Intraday buying emerged from the day's low of 16960 levels, and the market continued its upside momentum till the end.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said: “After showing sharp weakness on Tuesday, Nifty shifted into a sustainable upside bounce amidst volatility on Wednesday and closed the day higher by 140 points. Intraday buying emerged from the day's low of 16960 levels, and the market continued its upside momentum till the end.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said: “After showing sharp weakness on Tuesday, Nifty shifted into a sustainable upside bounce amidst volatility on Wednesday and closed the day higher by 140 points. Intraday buying emerged from the day's low of 16960 levels, and the market continued its upside momentum till the end.

Last month, ICICIDirect Research initiated coverage on Mazagaon Dock with a buy rating and a target price of Rs 560, whereas Equirus sees Ceat at Rs 3,654 in next three years on the back of rising market shares of the tyre company.

We expect the market to remain in consolidation mode for the next few days until the US Fed rate action is over. However, intermittent volatility may not be ruled out due to adverse global cues.That said, heres a look at what some key indicators are suggesting for Fridays action

The Nifty Auto index closed 0.71 per cent up at 13315.5.

The Nifty Realty index closed 0.91 per cent down at 471.9.

The Nifty IT index closed 1.43 per cent down at 27734.35.

Ceat, Aarvi Encon, Trans & Rectif, Weizmann Ltd and JK Tyre, hit their fresh 52-week highs during the day.

The Nifty Bank index closed 0.47 per cent down at 41209.2.

The Nifty Pharma index closed 1.29 per cent down at 12518.85.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said after showing a consistent upmove in the last few sessions, Nifty witnessed an excellent upside recovery from the lows on Wednesday and closed the day lower by 66 points

In the Nifty 50 index, 22 stocks ended in the green, while 28 stocks closed in the red in today's trade.

In the Nifty50 index, 22 stocks closed in the green, while 28 stocks ended in the red.

In the Nifty pack, 22 stocks closed in the green, while 28 stocks ended in the red.

The Nifty Realty index closed 0.69 per cent down at 476.25.

The Nifty Auto index closed 0.32 per cent down at 13222.25.

Tata Investment, Aarvi Encon, TRF Ltd, Hindcon Chemicals and Bharat Gears, hit their fresh 52-week highs during the day.

Infosys, TCS, Tech Mahindra, HCL Tech and L&T were among the top losers on NSE in today's trade.

The Nifty Pharma index was trading 0.09 per cent down at 12734.0.

TRF Ltd, Hindcon Chemicals, LT Foods, Tata Investment and Bharat Gears, hit their fresh 52-week highs at 11:20AM.

In the Nifty pack, 19 stocks were trading in the green, while 31 stocks were trading in the red.

The Nifty Bank index was trading 0.38 per cent up at 41029.45.

The Nifty Auto index was trading 0.08 per cent up at 13274.2.

Infosys, Tech Mahindra, TCS, HCL Tech and Wipro were among the top losers on NSE.

In the Nifty50 index, 17 stocks were trading in the green, while 33 stocks were in the red.

The Nifty Realty index was trading 1.33 per cent down at 473.15.

In the Nifty 50 index, 15 stocks were trading in the green, while 35 stocks were trading in the red.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said, “The upmove with range-bound action continued in the market on Tuesday, and Nifty closed higher by 133 points amidst lacklustre type movement. After opening with an upside gap, the market moved up in the early hours.

Wall Street stocks rose on Wednesday, shaking off recent weakness as markets grappled with the likelihood of additional Federal Reserve interest rate hikes.Analysts warned of more volatility ahead as the Wall Street Journal reported that the Fed appeared likely to enact another 75 basis point interest rate increase

Gas deliveries had been due to resume on Saturday, but Russia scrapped that deadline on Friday and did not give a new timeframe for re-opening. The news stoked fears of a recession in Europe, with businesses and households hurt by sky-high energy prices.

The Nifty Realty index was trading 0.6 per cent up at 470.15.

“Stocks like Siemens, Honeywell Automation, ABB, Hitachi have been on our buying radar since January. We are looking for good returns. In the last four-five years they have not given returns and there will be a lot of capex on the upgradation of machinery. Many of these companies have adopted automation and digitisation. One stock to play auto ancillary plus digitisation is Bosch.”

European markets closed lower Tuesday, with investors digesting a rise in oil prices and fresh economic data out of the eurozone. The pan-European Euro Stoxx 600 provisionally ended down 0.5%The euro also fell to fresh two-decade lows after data showed eurozone business activity contracted for a second straight month in August as the war in Ukraine is expected to ensure the outlook for the European economy remains bleak.

In the Nifty pack, 42 stocks were trading in the green, while 8 stocks were trading in the red.

Shares in European tech companies were underperforming the wider market, with the tech index of shares approaching its August low, down 1.7%. Meanwhile the STOXX 600 fell 0.8%. So far this year, European tech shares are down 24% while the wider index has lost 10.3%.

Manappuram Finance (Re 0.75 per share), Container Corporation Of India (Rs 2 per share), Alembic Pharmaceuticals (Rs 10 per share) and Jagran Prakashan (Rs 4 per share) had announced their interim dividends.