Recommendation: Buy; Target price: Rs 9600
Although Aurobindo and Zydus are their preferred picks from the US-focused generic companies, their absolute top-picks in the sector include Sun Pharma, Mankind, JB Pharma and Alkem.
According to the International Diabetes Federation (IDF), the prevalence of diabetes in India is expected to increase to 125 million by 2045, of which 77% would have uncontrolled diabetes.
Net premium income increased by 5% to Rs 10,022 crore in the reporting quarter compared to Rs 9,581 crore in the corresponding quarter last year.
This move was made to increase Dabur's business resiliency and control over its IT operations.
According to the sources, Coal India would require federal cabinet approval for the injection
Spot gold was up 0.4% to $1,929.89 per ounce, and U.S. gold futures were up 0.4% to $1,942.70.
China's GDP expanded by 1.3% in the third quarter, above market expectations of a 1% gain and speeding up from 0.5% in the second quarter.
The offer price is 12% less than the current market price.
Brent crude futures increased $1.62, or 1.8%, to $91.49 a barrel as markets prepared for Chinese GDP data.
Invest wise with Expert advice
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