Despite positive index returns over the past year, Nifty50 earnings expectations are moving in the opposite direction, with select names contributing to nearly two-third of gains.
Investors often attribute the Indian market's weakness to high local valuation multiples, lower valuations abroad, and the absence of a significant hi-tech sector in India.
In the BSE 100 index, shares of Adani Enterprises, Cipla, DLF, Havells India and Tube Investments of India hit their fresh 52-week low.
Cipla shares fell nearly 5 per cent on Friday after the pharma company announced that manufacturing of the drug Lanreotide is being temporarily stopped.
US pharma major Cipla is in focus after the US Food and Drug Administration flagged serious compliance issues at its partner Pharmathen’s manufacturing facility in Greece. The regulator highlighted lapses in contamination control systems at the plant that produces the complex injectable drug Lanreotide, used in the treatment of certain tumors. Lanreotide is a key product for Cipla in the US market, making the observations significant from a business and operational standpoint. The FDA findings could potentially impact production timelines, regulatory approvals and supply continuity until corrective actions are implemented. Cipla’s response and Pharmathen’s remediation measures will be closely tracked, as any prolonged regulatory action could weigh on Cipla’s US formulations business and investor sentiment.
While India’s direct trade links with Venezuela have weakened over the years due to sanctions and payment risks, several Indian public- and private-sector firms still retain equity stakes, subsidiaries, overseas offices, or legacy commercial ties in the country.
Stocks including Tata Steel, LIC of India, Cipla, TCS, Adani Enterprises, Mazagon Dock, SBI, Bank of Baroda, SBI Life and more will be in the spotlight on Thursday, December 11.
Inzpera, incorporated in 2016, is engaged in the business of developing, manufacturing and marketing of differentiated paediatric pharmaceutical and wellness products.
Stocks including Bharti Airtel, SBI, Titan Company, Cipla, Power Grid, Zydus Lifesciences, Info Edge, Bharti Hexacom, Niva Bupa and more will be in the spotlight on Tuesday, November 04.
Many of these stocks are backed by strong earnings visibility and improving margins, with analysts projecting double-digit growth through FY26 and FY27.
Through an exclusive partnership with Eli Lilly, the company has begun distributing and promoting Yurpeak (Tirzepatide) in India, known globally as Mounjaro
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