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On November 29, the Nifty and Sensex rebounded strongly, with the Sensex rising 759 points to 79,803 and the Nifty gaining 217 points to 24,131, driven by gains in pharma, infrastructure, energy, and auto stocks. Zee Entertainment shares surged 5% after shareholders rejected CEO Punit Goenka's reappointment, while Divi's Laboratories rose 4% following a bullish report from Citi. Adani Group stocks jumped up to 20% after being included in the NSE's F&O segment, and Easy Trip Planners saw a 10% increase after announcing a 1:1 bonus share issue. Conversely, CreditAccess Grameen fell 8.5% after a downgrade from Goldman Sachs, which revised its target price significantly lower.
Shares of Sigachi Industries surged 10% following the company's filing for a Certificate of Suitability for Propafenone Hydrochloride, enabling export of the Active Pharmaceutical Ingredient to Europe. The global market for this key cardiac arrhythmia treatment is projected to grow from $1.2 billion to $2.1 billion by 2032, driven by rising cardiovascular disease prevalence and healthcare spending.
Sigachi Industries reported a robust Q2FY25, with a 38.1% revenue surge to Rs 137 crore and a 39.07% increase in PAT to Rs 21 crore. The stock, currently priced at Rs 50.40, has risen 16% from its 52-week low of Rs 43.42, reflecting strong growth potential in the small-cap pharma sector.
Sigachi Industries Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
stocks rebound as pharma and infrastructure lead market gains on november 29
Zee Entertainment Enterprises Limited
DIVI'S LABORATORIES LTD
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Adani Energy Solutions Limited
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Easy Trip Planners Limited
Sigachi Industries Limited
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IND
Punit Goenka
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11:07 29.11.2024
Sigachi Industries shares rise 10 percent after Propafenone certification filing
07:16 29.11.2024
Sigachi Industries Reports Strong Revenue Growth and Stock Price Surge
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