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Cohance Lifesciences, Divis Laboratories, and SAI Life Sciences rallied after Jefferies initiated coverage with Buy ratings, citing strong growth prospects in Indias CRDMO sector. The brokerage sees a high-teen revenue CAGR, led by China+1 diversification, pipeline visibility, and demand for diabetes and weight-loss therapies.
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News and Media
Vodafone Idea shares rose 2.3% to Rs 7.23 on Monday, extending a two-day rally of over 10%, after reports that the Prime Ministers Office is reviewing a relief package for the debt-laden telecom operator. Proposed measures include a two-year moratorium extension, flexible repayments, lower installments, and possible penalty waivers on AGR dues of Rs 83,400 crore.
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News and Media
ITC Hotels shares faced selling pressure. JM Financial started covering the stock with a sell rating. The brokerage cited valuation concerns despite strong fundamentals. The stock price declined following the report. JM Financial acknowledged ITC Hotels' leadership and growth. However, limited near-term asset commissioning and current valuations led to the 'sell' recommendation.
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News and Media
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