Pharma stocks, with the exception of Biocon, remained subdued this past week as investors booked profit after recent gains.Biocon was the pick of the week as the company's partner Mylan got the US FDA's approval to market cancer biosimilar Trastuzumab in the US market. This was first ever biosimilar made by an India drug maker to get a US FDA nod.The BSE Healthcare index dropped 2.4 percent in the past week, while the BSE Sensex declined 1.3 percentClose Biocon was the only big gainer this week, with the stock rising 8.5 percent, while all other pharma stocks declined. related news 3 Point Analysis | Should investors look at Raymond post restructuring Lupin sells Japanese business Kyowa for enterprise value of Rs 3,702.4 crore Investors flock to mutual funds in October despite volatility, slowdown jitters Some of biggest losers were Glenmark (-6.0 percent), Aurobindo Pharma (-5.3 percent), Cadila Healthcare (-3.9 percent), Sun Pharma (-3.5 percent), Cipla (-3.4 percent), Dr … [Read more...] about Pharma stocks remain subdued this week as investors book profit, Biocon stands tall
Hong Kong jeweller Aaron Shum has stolen all the limelight at the second China International Import Expo that kicked off in Shanghai on November 4. Shum is exhibiting three very special precious objects – a gold toilet worth millions, a guitar wrapped in diamonds, and a pair of heels covered in pink diamonds.While it is hard to take your eyes off any of the luxe exhibits, what took the Internet by a storm was the luxurious toilet made of solid gold and 40,815 pieces of diamond, totalling 334.68 carats. The diamonds are set on the bullet-proof glass lid of the toilet.A toilet studded with 40,815 diamonds worth over $1,200,000 is exhibited at the 2nd #CIIE in Shanghai. A guitar made of a 400-carat diamond and 18K white gold is also on display, with an estimated value of about $2 million. pic.twitter.com/uPYt6tSHMs— People's Daily, China (@PDChina) November 5, 2019Close According to a Daily Mail report, the maker of the toilet hopes it would be featured in the Guinness Book of … [Read more...] about A toilet worth Rs 9 crore: Hong Kong jeweller uses 40,000 diamonds, solid gold to build toilet
Shares of Amber Enterprises India gained 2.8 percent intraday on November 11 after reporting a strong set of earnings in the September quarter.The stock has rallied more than 40 percent in the last nine months. It was quoting at Rs 987, up Rs 13.60, or 1.40 percent, on the BSE at 1042 hours IST.Amber, the prominent solution provider for air conditioner OEM/ODM, continued its strong performance, beating revenue estimate by 10 percent. The Room Air Conditioner (RAC) volumes grew at an impressive 127 percent YoY, as continued demand for RACs even in a lean season and new customers supported the growth.Close The skew in product mix toward Indoor Units (IDUs) led to lower gross margins, which in turn restricted EBITDA growth. The operating performance of subsidiaries was encouraging, with better performance on the margin front. related news Bull run intact? Experts say Moody's India downgrade may only have short-term implications Eicher Motors Q2 FY20: Weak numbers, … [Read more...] about Amber Enterprises reports strong Q2 earnings; should investors buy, sell or hold?
Rudra Shares and Stock BrokersThe narrow range consolidation in USD/INR for the last few trading sessions has finally given a breakout on the upside. Buying was witnessed at lower levels and the currency pair closed with a weekly gain of approximately 30 paise.We have witnessed a reversal pattern last week where prices broke the support level on an intraday basis but failed to sustain below it on a closing basis. Bears got trapped and prices broke out on the upside.Close In the upcoming week, we could see the ongoing uptrend continue. Short-term and medium-term exponential moving averages were trading with a flat curve for the last few days but now short-term averages have started trading with a positive slope. related news Rupee trades at day's low 71.40 per dollar Further upside in question as Nifty forms Doji on weekly charts, RSI shows negative crossover on daily scale 20-DMA acts as a base for short term setup and the currency pair has consolidated near it for … [Read more...] about Rupee may depreciate to 71.75-71.90/$ as Moody’s India downgrade deteriorates sentiment
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