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allchem lifescience files for ipo to raise funds for growth and debt repayment
Patanjali Ayurved has acquired a stake in Magma General Insurance, while Allchem Lifescience seeks approval for an IPO to raise up to Rs 190 crore, including a fresh issue of equity shares worth Rs 130 crore for debt repayment and corporate purposes. Founded in 2017, Allchem specializes in active pharmaceutical ingredients and has developed 263 products, serving 148 domestic and 66 international customers. The company reported a revenue growth of 12.75% CAGR from FY22 to FY24, with a profit after tax growth of 28.65% during the same period.
tocks in focus zomato alembic pharma and others on monday
Stocks in focus on Monday include Zomato, Alembic Pharma, RITES, Akzo Nobel, Rail Vikas Nigam, Cochin Shipyard, CESC, and HG Infra. Additionally, ACME Solar Holdings, Niva Bupa Health Insurance Company, Sagility India, and Jainex Aamcol are set to release their quarterly earnings on November 25.
Alembic Pharmaceuticals reported a 12.3% profit increase to Rs 153.41 crore for Q2 FY25, with revenue rising 3.3% to Rs 1,647.98 crore. Emcure Pharmaceuticals saw a 38.2% profit surge to Rs 201.55 crore, while Indian Hotels Co Ltd's profit skyrocketed 232.2% to Rs 554.58 crore, driven by strong demand and operational growth.
Stocks to watch on Muhurat Trading Day including Narayana Hrudayalaya and Aegis
Narayana Hrudayalaya, Aegis Logistics, AGS Transact Tech, and Tata Investment are among the key stocks to watch on Muhurat Trading Day. Other notable mentions include Alembic Pharmaceuticals, Dalmia Bharat, and Electronics Mart India. Additionally, Bondada Engineering, Challani Capital, Lykis, and Nutraplus India are set to release their quarterly earnings today.
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