News you could use
? Dr Reddy’s remain in top gainers list amid weak market sentiments
Research house Macquarie kept “outperform” rating on the stock with a target at Rs 4,915 a share as Q3 revenue/EBITDA/PAT beat estimates by 9 percent/37 percent/35 percent, respectively.
? Amar Raja batteries stock price ends in green post Q3FY23 results
The firm registered a 53% year-on-year growth in consolidated profit at Rs 221.9 crore for the quarter ended December FY23, backed by healthy topline and operating performance. Revenue grew by 11.5% to Rs 2,638 crore compared to the year-ago period driven by healthy volume growth in the automotive sector in both OEM and Aftermarket segments.
? Adani Group stocks fall amid allegation by US research firm
Adani Group stocks fell 20 percent after the US-based investment research firm Hindenburg Research made damaging allegations. Adani Group on Thursday said it is examining legal options to take “punitive action” against Hindenburg Research for its “reckless” attempt to sabotage a mega share sale at the conglomerate’s flagship firm – a statement that the US activist investor responded by saying it stands by its report that alleged “brazen” market manipulation and accounting fraud by the group.