Good afternoon,
Markets are trading in the red, with the NIFTY50 trading near 20,050 as of 1:00 pm. Here are the top stories for the day!
Top gainer: SBI Life: 1,441 ▲33 (+2.3%)
Top loser: Adani Enterprises: 2,344 ▼ 52 (-2.1%)
Aurobindo Pharma rises on USFDA nod
Shares of the pharma major rose more than 2% intraday after its wholly owned subsidiary, Eugia Pharma Specialities, received a USFDA nod to manufacture and market budesonide inhalation suspension. This drug is used to treat asthma.
Tata Technologies’ bumper listing
Shares of Tata Technologies list at a premium of 140% compared to the issue price of ₹500 per share. The IPO, which was open for subscription between 22 November and 24 November, had received strong investor interest.
Metro Brands gains on tie-up with Foot Locker Inc
Shares of Metro Brand are trading at their 52-week high, up 3.9%. This comes after it signed a long-term licensing agreement with US-based footwear retailer Foot Locker Inc. Under the agreements, Metro Brands will have the exclusive rights to own and operate Foot Locker stores within India.
IREDA shares continue to shine
Shares of the newly listed company continued their upward march and are up 13% today. After making a stellar debut on the exchanges yesterday, Indian Renewable Energy Energy Development Agency’s stock is up 103% in just two trading sessions.