Motilal Oswal has started scope on Jubilant Life Sciences with a purchase rating and target cost of Rs 905, suggesting 31 percent upside on desires of solid development in pharma and life science fixings portions proceeding. The stock increased more than 5 percent intraday.
All sub-fragments in pharmaceuticals (which constituted 52 percent of aggregate deals in FY17) are all around balanced for development, the examination house feels.
Live Market 10:50 Am, The BSE Sensex is trading up 29.64 points or 0.09% at 31239.43 and The 50-share NSE Nifty index gain 16.10 points or 0.17% at 9629.40.
Reliance industries hits a fresh 52 week high, now trading price up 19.80 points or 1.39 percent at 1442.50.
NSE Top Gainers- M&M 2.36%, Bank of baroda 1.76%, Reliance 1.53%, Ultra Cements 1.47%, Tata Motors 1.43%, Yes bank 1.38%, Axis bank 1.34%, Ambuja Cements 1.30%, Vedanta 1.14%, industries bank 1.04%.
NSE Top Losers- Infosys 1.09%, Bharti Airtel 1.05%, ITC 1.01%, Aurobindo pharma 0.97%, HDFC 0.88%, Wipro 0.83%, TCS 0.57%, Gail 0.51%.
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