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“As the tone of the market is sideways, defensive stocks are outperforming and there is the traction which we can see. So, Glaxo can be bought at Rs 1640; Rs 1540 should be the stop loss and Rs 1,745 to 1,850 should be the target. The second one, Glenmark, is again from defensive space. It can be bought at Rs 793; Rs 740 should be the stop loss and Rs 900 to 1,000 should be the target.” ....
A new twist in the legal battle between Bharat Forge CMD Baba Kalyani and his sister Sugandha Hiremath for a stake in Hikal continues is Gaurishankar, who is required to transfer his 3% stake in Bharat Forge to Baba after their parent s demise. However, this would also mean Baba has to give up a 34% stake in Hikal to his sister. ....
BF Investment (BFIL) and Kalyani Investment Company (KICL) have accused Hikal of making "entirely inaccurate and misleading" disclosure to the stock exchanges, and told the exchanges that they are not a party to any family arrangement concerning equity shares held by them in Hikal. ....