Stock Market Updates

Let's catch up on the latest stock market updates! IndusInd Bank has identified discrepancies in its derivative portfolio following an internal review. Hindustan Zinc has approved the issuance of ₹500 crore in non-convertible debentures. Ashoka Buildcon has secured a ₹311.92 crore turnkey project in Maharashtra, while MSTC has been awarded a two-year contract by Coal India for e-auction services. Indoco Remedies’ Hyderabad-based research unit recently underwent a USFDA inspection. NLC India’s board has given in-principle approval for a $200 million external commercial borrowing in Japanese Yen. Meanwhile, Bharat Electronics has secured fresh defence orders worth ₹843 crore, bringing its total order book for FY25 to ₹14,567 crore. Stay tuned for a detailed breakdown of these stock market movers!

Ami Organics | Growing interest of innovators in this pharma intermediates player| Stock of the Day

Ami Organics gets 79 percent of the revenue comes from pharma space wherein it manufactures intermediates for APIs and NCE (New Chemical Entities). Rest of the revenue comes from chemicals segment. While company’s foray into the lithium-ion batteries and the semiconductor industry value chain is a key watch, ramp-up in CDMO (Contract Development and Manufacturing Organization) contracts is expected to be the key earnings catalyst.