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Laurus Labs arm incorporates wholly-owned unit


The pharmaceutical ingredients maker said that its wholly-owned subsidiary, Laurus Synthesis, incorporated a subsidiary by the name of Laurus Ingredients with effect from 9 January 2021.Laurus Ingredients, a step-down subsidiary of Laurus Labs, will undertake ingredients business and will also set up greenfield projects for new synthesis business. The announcement was made after market hours yesterday, 11 January 2021.
Laurus Labs consolidated net profit surged 328.4% to Rs 242.27 crore on a 59.9% increase in net sales to Rs 1,138.84 crore in Q2 September 2020 over Q2 September 2019.
Shares of Laurus Labs rose 0.50% to Rs 351.90. Laurus Labs is one of the leading manufacturers of API for anti-retroviral (ARV), oncology, cardiovascular, anti-diabetics, anti-asthma, and gastroenterology. ....

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Nifty, Sensex likely to open weak tracking global peers - The Hindu BusinessLine


Nifty, Sensex likely to open weak tracking global peers
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Indian stock markets are expected to open weak on Tuesday as the US market slipped overnight. The SGX Nifty futures is currently ruling at 14,477, down almost 20 points against the Nifty futures Monday s close of 14,493.50.
On Monday, the BSE Sensex closed above the psychological level of 49,000, rising 486.81 points or 1 per cent to 49,269.32 on January 11 while the Nifty50 climbed 137.50 points to 14,484.80.
US Markets
Wall Street’s main indexes closed lower on Monday as investors took some profits after last weeks’ records while they waited for earnings season to begin and eyed events in Washington with trepidation. The Dow Jones Industrial Average fell 89.28 points, or 0.29 per cent, to 31,008.69, the S&P 500 lost 25.07 points, or 0.66 per cent, to 3,799.61 and the Nasdaq Composite dropped 165.54 points, or 1.25 per cent, to 13,036.43. ....

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Stocks to watch: GAIL, Tata Motors, Dishman Carbogen, DRL, Karnataka Bank


Here are the top stocks to watch in today s session:
Karnatak Bank, Tata Elxsi: Karnataka Bank, Tata Elxsi, Steel Strips Wheels, Filatex India, Hathway Bhawani Cabletel, HPL Electric & Power are among the 13 firms slated to announce their quarterly earnings on January 12.
Tata Motors: Jaguar Land Rover s retail sales fell 9 per cent YoY to 1,28,469 units in the October-December quarter, but increased by 13.1 percent QoQ.
Dishman Carbogen: Promoter Adimans Technologies LLP will sell 3.87 per cent stake in the company via offer for sale on January 12-13, with an option to additionally sell up to 2.05 per cent shares.
Adani Green: The Competition Commission of India (CCI) approved acquisition of share capital in Adani Green Energy by a subsidiary of Total SE. Commission approves acquisition by Total SE through its subsidiary Total Renewables SAS in share capital of Adani Green Energy Limited, the regulator said in a tweet. ....

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GAIL, Tata Motors, Emami: Here are the Top Stocks for Investors Today


GAIL, Tata Motors, Emami: Here are the Top Stocks for Investors Today
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The Indian stock market might open in the red as the SGX Nifty indicates a negative opening for the country after losing 23 points. The BSE Sensex closed above 49,000 rising 486.81 points to end at 49,269.32 on January 11,while the Nifty50 rose 137.50 points at 14,484.80 respectively.
Here are the top stocks for the day:
GAIL: The state owned public natural gas processing and distributing company’s board meeting, which is scheduled on January 15,will table the proposal of buying back shares.
Tata Motors: The homegrown automaker’s Jaguar Land Rover’s retail sales fell nine percent YoY to 1,28,469 units in the October-December quarter period last year. However, it showed a 13.1 percent increase in QoQ figures. ....

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