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Market breadth was positive, with 2246 stocks advancing, 1256 stocks declining, and 152 stocks remaining unchanged.
The appointment of Amit Jhingran as the business's MD and CEO with effect from October 1, 2023, was authorized by the Board of Directors at its meeting on September 28th
The deal will be carried out through a wholly-owned subsidiary called Sun Pharma (Netherlands) B.V., the company said, adding that it would "enable Sun Pharma to acquire the balance 25% stake held by the local partner."
Asian equities are trading in mixed sentiments after a Wall Street rebound.
The acquisition involved purchasing the entire 50% stake from National Steel Holding (NSHL).
The all-India average cement price has risen dramatically, reaching Rs 382 per 50 kg bag.
Moreover, analysts of IIFL Securities expect HUL volume growth to improve to ~7-8% vs ~3-4% currently in the next two quarters, which will spur the stock price.
JSW's shareholding in NSL has increased from 50% (pre-acquisition) to 100%.
Asian equities are also trading in mixed sentiments in Thursday’s early morning session.
Here are some of the stocks that may see significant price movement today.