batamimarathi.com Glenmark Pharmaceuticals share price surged 10% to an all-time high of ₹2,094 following the announcement of an exclusive licensing agreement between its innovation arm, IGI, and AbbVie for a cancer treatment.
JP Morgan maintains its Overweight rating on Vedanta Resources despite governance concerns raised by a third-party report. The brokerage finds Vedanta’s financial profile sound, with healthy leverage metrics and effective government oversight, particularly regarding Hindustan Zinc Ltd.
HUL share price surged nearly 4% after Priya Nair was appointed MD & CEO, effective August 1, 2025. This decision is pending shareholder approval, as Rohit Jawa prepares to leave his position on July 31, ensuring a smooth leadership transition.
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Small-cap stock Tourism Finance Corporation’s board announced five free shares for every share held at no additional cost to the shareholders, sending the scrip to a new high today.
Meta Infotech debuted on the BSE SME at ₹225, a 39.75% premium from its IPO price of ₹161. The IPO was oversubscribed 166.94 times, raising ₹80.18 crore. The company plans to use the funds for debt repayment and new office establishment.
Zee Entertainment’s share price fell over 6% after shareholders rejected a proposal to raise ₹2,237.44 crore. The stock opened at ₹135.10, hitting a low of ₹133.05 before recovering slightly. The proposal failed to secure the required 75% approval from shareholders.
On Friday, Indian stock markets began in the red, affected by tariff disputes and disappointing IT earnings. The Nifty 50 decreased by 99.75 points, but analysts remain optimistic about its medium-term prospects, highlighting opportunities in stocks like CarTrade and Glenmark Pharma.
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