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Solara Active Pharma Sciences consolidated net profit rises 217 90% in the March 2021 quarter

Solara Active Pharma Sciences consolidated net profit rises 217 90% in the March 2021 quarter
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SGX Nifty indicates positive note for Indian indices

SGX Nifty indicates positive note for Indian indices File Image The benchmark Indices are expected to open on a positive note as indicated by trends on SGX Nifty. US Indices closed with gains as Dow Jones hits a fresh new all-time high and Asian markets also opened stronger with Nikkei trading 2 percent higher. Key companies announcing their quarterly results today includes Adani Power, Coforge, Hero MotoCorp, Adani Transmission, P&G Health, Bluestar, Praj Industries and Tata Consumer. Immediate support and resistance for Nifty 50 are 14,500 and 14,800 respectively, said Mohit Nigam, Head-PMS Securities. At 09:02 AM, the Sensex was up 488.99 points or 1 percent at 49166.54, and the Nifty was up 54 points or 0.37 percent at 14671.90.

Markets open on positive note: Sensex up 172 points, Nifty above 14,650

Markets open on positive note: Sensex up 172 points, Nifty above 14,650 Kunal Patil/ PTI The stock markets opened on a positive note on Thursday. The benchmark indices were in the green. Sensex rose over 172 points in early trade on Thursday, tracking gains in index majors HDFC twins, ITC and Bajaj Finance amid largely positive cues from Asian peers. The 30-share BSE index was trading 174.54 points or 0.36 percent higher at 48,852.09 in initial deals. NSE Nifty advanced 69.05 points or 0.47 percent to 14,686.90. Bajaj Auto was the top gainer in the Sensex pack, gaining over 2 percent, followed by Bajaj Finance, ITC, HDFC, Titan, Maruti and M&M.

BNP Paribas Arbitrage cuts stake of Solara Active Pharma

As per the bulk deal data on the NSE, BNP Paribas Arbitrage sold 5,14,463 equity shares or 1.43% stake of Solara Active Pharma Science at Rs 1,463 per share on Monday, 19 April 2021. On the same day, the Scottish Oriental Smaller Companies Trust Plc bought 1,99,259 equity shares or 0.55% stake of Solara Active Pharma Science at Rs 1,462.25 per share via bulk deal on NSE. As of 31 March 2021, BNP Paribas Arbitrage held 3.50% stake in Solara Active Pharma Science. Shares of Solara Active Pharma fell 0.03% to Rs 1,461.30 on BSE. The scrip hit a high of Rs 1,520 and a low of Rs 1,455 so far. On a consolidated basis, the company posted a 59.2% jump in net profit to Rs 65.78 crore on a 24.2% rise in net sales to Rs 426.69 crore in Q3 FY21 over Q3 FY20.

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