Torrent Pharma is reportedly in talks to form a consortium and raise $1.2-1.5 billion from CVC Capital Partners as it is looking to put together a $7 billion or Rs 60,000 crore financing package to acquire rival Cipla. CVC could turn out to be Torrent’s lead partner. The development has not yet been confirmed by the group.
Top stocks of the week: Bulls continued their dominance at Dalal Street as benchmark indices managed to settle higher for another trading session on Friday. Watch this Visual Story to check top stocks of the week.
Stocks to watch today: Stock market has shown good momentum in September so far. Nifty is inching closer towards its life highs where it could face some resistance. However share market analysts expect outperformance in the broader market to continue with interest in niche sectors. Vedanta, Zen Technologies, RITES, Max Healthcare among stocks to watch on Friday (September 8).
Stocks that share market analysts recommended: Stock brokerages have come out with research reports on select stocks namely Reliance Industries (RIL), Sun Pharma, Bharti Airtel and Max Healthcare. Here s what brokerages said about these counters.