Top 5 stocks of the day: Cipla, Hindalco Industries, Dr Reddy’s Laboratories, ONGC and Tata Steel were among the biggest losers on the Nifty, while gainers induced Adani Enterprises, Adani Ports, Asian Paints, Britannia Industries and Power Grid Corporation. Among sectors, power and realty up 1 percent each, while metal, oil & gas, healthcare and IT down 1-2 percent. BSE midcap and smallcap indices ended in the green.
Sensex and NSE Nifty50
On February 28, during a tumultuous session, benchmark indices finished in the negative, with Nifty hovering around 17,300. The Nifty was down 88.70 points or 0.51% at 17,304, while the Sensex was down 326.23 points or 0.55% at 58,962.12. A total of 130 shares are unchanged, 1677 shares are down, and 1683 shares are up.
Top 5 stocks of the day: Top Stock Gainers
Top 5 stocks of the day: Bernstein View on Dr Reddy’s Laboratories
The brokerage firm has rated the stock as “outperform” and set a target price of Rs 4,947 per share. The analysis shows that Dr Reddy’s recent acquisition of Mayne Pharma’s US generic portfolio has little impact on the business.
The firm’s sizable US portfolio has experienced significant price erosion. In the recent past, the company faced competition for important products like Ciprodex, Vasostrict, and Suboxone.
NTPC commences operation of 660 MW capacity unit in North Karanpura
According to NTPC, the first of the three 660 MW units at North Karanpura Super Thermal Power Station is set to begin commercial operation at 00:00 on March 1, 2023.
As a result, NTPC will have a standalone commercial capacity of 58979 MW and a group commercial capacity of 71594 MW, respectively.
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