- Shares of Torrent Pharmaceuticals Ltd. rose over 5.2% in intraday trade, the most in five months, to Rs 3,124.85 apiece. The company is scheduled to report its earnings for the September quarter on Tuesday.
- Trading volume was 15% above the 20-day average for this time of the day.
- The company trades at 39 times its estimated earnings per share for the coming year.
- Analysts have 15 ‘buy’, seven ‘hold’ and seven ‘sell’ recommendations on the stock.
Policybazaar, Paytm Among Seven Companies To Win SEBI Approval For IPOs
PB Fintech, the parent of Indian online insurance aggregator Policybazaar, and One 97 Communications Ltd. that operates Paytm have won SEBI’s approval to launch IPOs, according to the latest update issued by the market regulator.
SEBI also approved planned IPOs of ESAF Small Finance Bank, Sapphire Foods, Anand Rathi Wealth, HP Adhesives and Tarsons Products
JSW Steel Plans Colour-Coated Steel Mill In Kashmir
JSW Steel Ltd. will invest Rs 150 crore ($20 million) to set up 1,20,000 tonnes a year colour-coated steel mill at Pulwama in Kashmir, according to a statement from the company.
Home Minister Amit Shah presented land allocation papers to JSW Steel Chairman Sajjan Jindal.
