Produced by: Prashun Talukdar
The overall market trend is akin to a seesaw and 'buy-on-dips' strategy is effective as of now, says Vinod Nair, Head of Research, Geojit Financial Services. On the stock-specific front, Paytm, Glenmark Pharma, Adani Enterprises and few other counters will be in focus today.
Shares of One 97 Communications Ltd, Paytm's parent, on Wednesday shed 0.01% to settle at Rs 761. The stock will be in focus today as the Reserve Bank has placed additional restrictions on Paytm Payments Bank, which is a part of the digital firm.
Shares of Glenmark Pharmaceuticals rose 1.61% to close at Rs 909.70. Pfizer and Glenmark have joined hands to launch abrocitinib, a first of its kind oral advanced systemic treatment for moderate‐to‐severe atopic dermatitis (AD), in India.
Adani Enterprises Ltd shares climbed 1.6% to close at Rs 3,141.10. The flagship firm of Adani Group will declare its third-quarter (Q3 FY24) results today. Another Adani company, namely Adani Ports, is scheduled to announce quarterly results on Thursday.
Shares of Route Mobile Ltd moved 1.63% up to settle at Rs 1,597.35. The stock will trade ex-dividend today. The company has declared an interim dividend of Rs 3 per share. Separately, Tips Industries, CESC and Puravankara will also turn ex-dividend.
Shares of Salasar Techno Engineering Ltd slipped 2.86% to settle at Rs 128.16. The stock will today go ex-bonus in a ratio of 4:1.
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