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Gland Pharma shares fall 6% as ex-promoter likely sells stake in block deals

Shares of Gland Pharma dropped 6% to Rs 1,745 on BSE as entities related to ex-promoter Dr Ravi Penmetsa sold 5.5% equity. Large block deals of 91 lakh shares worth Rs 1,600 crore reported. ....

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active stocks: Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 23.55 points down at 22642.75 ....

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Two entities likely to sell 4.4% stake in Gland Pharma via block deals: Report

Nicomac Machinery and RP Advisory Services are looking at raising Rs 1,400 crore through the sale, and have set the floor price for the same at Rs 1,725/share. The floor price is at a discount of over 7% to the current market price of the stock. On Monday, shares of Gland Pharma ended nearly 6% higher on the NSE at Rs 1,856. ....

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Pharma stocks rally up to 8% to 52-week highs amid rise in fresh Covid cases

The pharma industry is one of the few defensive industries and investor interest in it is also rising, as concerns about COVID-19 gain momentum, said Aamar Deo Singh, Senior Vice President, Research, Angel One. ....

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Big movers on D-Street: What should investors do with Venky's, Gland Pharma and Lux Industries?

Stocks that were in focus included names like Venky s, which gained 0.32%, Gland Pharma, which jumped 4.96%, and Lux Industries, whose shares declined 2.14% on Tuesday. ....

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