{ }
Markets are poised to potentially extend their rally for a fifth consecutive day, with particular attention on Torrent Pharma and L&T. Investors are encouraged to stay updated with relevant content and transaction notifications.
Torrent Pharmaceuticals is set to acquire three anti-diabetes brands from Boehringer Ingelheim GmbH: Cospiaq (empagliflozin), Cospiaq Met (empagliflozin + metformin), and Xilingio (empagliflozin + linagliptin). The deal, which follows a co-marketing agreement initiated in 2022, is expected to be finalized by March 2025.
Torrent Pharma is enhancing its anti-diabetes portfolio by acquiring three brands from Boehringer Ingelheim, expected to finalize in March 2025. The brands—Cospiaq, Cospiaq Met, and Xilingio—contain Empagliflozin, a key treatment for type 2 diabetes, in a market projected to grow at a 25% CAGR. This move aims to improve patient access to diabetes care in India, which is anticipated to have 12.5 crore diabetes patients by 2045.
On Wednesday, traders are advised to consider strategies for stocks including Siemens, Torrent Pharma, Data Patterns, CAMS, PB Fintech, and LTIMindtree. Additionally, there is an option to receive push notifications for relevant content and transaction updates.
Torrent Pharma shares experienced an uptick following the USFDA's conclusion of an inspection at its Pithampur manufacturing facility, which was classified as 'Voluntary Action.' The inspection, conducted in the September quarter, resulted in a Form 483 with one observation.
The global market for premature ejaculation treatment is projected to grow from $3.75 billion in 2024 to $7.59 billion by 2032, driven by increased awareness, innovative treatment options, and the impact of the COVID-19 pandemic on healthcare access. Key players like Pfizer and Eli Lilly are focusing on R&D and collaboration to enhance their market presence. Stigma and cultural barriers remain significant challenges to market growth, despite a rising acceptance of sexual health issues.
Madhuri Madhusudan Kela acquired a 1.19% stake in Godavari Biorefineries Ltd by purchasing 500,000 shares at ₹335.66 each, while the company's shares closed at ₹342.85 after listing. Capri Global Capital Limited sold 374,382 shares, representing a 0.89% stake, at ₹327.98 each. Additionally, Torrent Investments offloaded 4,972,020 shares of Torrent Pharmaceuticals Ltd, leading to a 2.30% drop in the stock price, which closed at ₹3137.15.
Torrent Pharma's shares fell by 4% on October 30, trading at Rs 3,113.25, following a block deal worth Rs 3,238.90 crore, where promoter Torrent Investments is likely the seller. Approximately 1.04 crore shares, representing a 3.1% stake, changed hands at an average price of Rs 3,108, significantly increasing trading volumes beyond the monthly average.
Indian equity markets extended gains, rising half a percent but remained below the crucial 100-day EMA of 24,475. The rally was primarily driven by banks, with experts noting that a decisive close above 24,500 is essential for further upward movement. Key stocks to watch include Marico and Torrent Pharma, while L&T and Dabur are set to report Q2 earnings today.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.