SHARE MARKET NEWS DAILY UPDATES AND LATEST STOCK MARKET NEWS

Glenmark gets US approval for 3 drugs

Glenmark Pharmaceuticals has received final USFDA approval for tadalafil tablets and interim approval for gabapentin encorbil extended-release tablets and abramilast tablets. The stock rose a few percent.

Tejas Networks wins order worth $13 million from South East Asia region

Tejas Network Announces $ 13 Million Sales Order from South East Asia's Leading Telecom Service Provider

NIFTY

The Nifty is trading at the edge of the 14,000 level - if it can be maintained above that, then we should always expect it to travel closer to the 14,100-14,150 level. The overall market is positive with loyal support in the region of 13,550-13,600. Traders have to go for positions that cause serious losses.

Supreme Industries

Supreme Industries has reported that the Special Steels Division has received a special order to supply hot nickel-cobalt super alloys for use in the thermal nickel sector. This order highlights the various opportunities offered in the emerging power sector of the country.

L&T's construction arm bags 'significant' orders in overseas, domestic market

Infrastructure firm Larsen & Toubro (L&T) said on Thursday that its construction division had received orders from overseas and domestic markets. The company did not provide the value of the contracts, but said that the orders fall in the 'critical' category, which includes orders ranging from Rs 1,000 crore to Rs 2,500 crore.

GAIL INDIA SHARE LATEST NEWS

GAIL Share (India) Ltd. closed at Rs 122.8, down 0.16 percent on Thursday. Thursday afternoon until 01:39 (ISD). The stock had a high during the session of Rs. 123.35 and lower levels at Rs. Is 120.95.

The equity per share (ROE) return was 19.12 percent. The counter traded volume was 01:39 PM shares and was converted around the spot to Rs 3.49 crore. GAIL (India) Ltd. quoted a 52-week high of Rs.133.3 and a 52-week low of Rs.65.7.

Promotor/FII Holding

Promoters held 51.76 per cent stake within the company as of 30-Sep-2020, while FII 14.99 percent and domestic institutional investors held 10.53 percent stake in the company

Key Financials

Total sales for the quarter ended September 30, 2020 stood at Rs 13,796.29 crore, up 13.32 percent from Rs 12,235.45 crore in the year-ago period, an increase of 24.34 percent from Rs 12,435.45 crore in the year-ago period. Net income after tax was Rs 1111.78 crore in the most recent quarter, up 4.74 percent from a year earlier.