Puravankara share price surged 10% to ₹324.30 per share, resulting in a 33.68% gain for the week, the largest weekly increase since November 2017. Yes Securities in its latest report has initiated coverage on the stock with a buy rating and set a target price of ₹452 apiece.
48 out of the 50 constituents of the Nifty 50 ended the last week in the green. Axis Bank led the pack with an impressive rally of 9.5%, reaching ₹1,104 and achieving a record high of ₹1,109. Bharti Airtel shares, on the other hand, crossed the significant ₹1000 mark on November 29.
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.
Top Stocks of the week: Domestic benchmark indices BSE Sensex, NSE Nifty extended their gains for the straight sixth session on Friday. From IRFC, Coal India, BHEL to Vodafone Idea, PFC and more, watch this Business Today Visual Story to check top stocks of the week.