Hikal

Baba Kalyani's sister Sugandha, husband move court against the Bharat Forge promoter for full ownership of chemical company Hikal; Kalyani points to intervening agreements and statute of limitations

Hikal said it did not expect any financial implications arising due to compensation, penalty, etc, due to the suit

Zomato and Metro Brands may see an upside of up to 32 per cent, while JSW Energy, Kensai Nerolac, and Hikal could surge up to 11 per cent.

Smallcap World Fund Inc on Wednesday offloaded 25 lakh shares of life science firm Hikal Ltd for over Rs 62 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Smallcap World Fund sold 25,00,000 shares at an average price of Rs 249.02 apiece, valuing the transaction size at Rs 62.25 crore. As of March 2022, Smallcap World Fund owned a 3.47 per cent stake in the company. Shares of Hikal Ltd closed 2.39 per cent lower at Rs 249.25 apiece on BSE.

The inflationary pressures and a sharp rise in input costs of raw material, energy and solvents, the management expects industry growth to be tapered and margins to be contract in the current fiscal.

According to the technical analyst from Anand Rathi, JINDALSAW has seen a strong resurgence in the last two sessions backed by robust volumes indicating soaring demand at lower levels

The technical & derivative analyst from HDFC Securities expects weakness in Nifty to continue

This contract entails the development and supply of a portfolio of niche APIs (Active Pharmaceutical Ingredient) over a period of 10 years

Hikal on Thursday reported a 42.85 per cent rise to Rs 40 crore in consolidated profit after tax (PAT) during the quarter ended December 31, 2020.

For the April-June quarter (Q1FY21), Hikal reported a 25 per cent year-on-year (YoY) decline in its consolidated profit before tax (PBT) at Rs 27.50 crore.

Favipiravir is in various stages of clinical trials in many countries as an experimental treatment of Covid-19.

Hikal hits 52-week high of Rs 192, up 4% on Tuesday, extending its previous day's 15% surge on the National Stock Exchange.

The stock soared 18% to Rs 257, also its record high on the NSE in intra-day trade