Share Market

The 30-year-old company, founded by Haridas T. Kanani, specialises in bromine based compounds, grignard reagents and inorganic lithium salts. Neogen operates out of three manufacturing facilities located at Navi Mumbai, Vadodara and Dahej SEZ (Special Economic Zones) in Gujarat. In the past one-year period, the shares of the firm rose 131 per cent to Rs 1,639 per share.

It's been a decidedly ugly start to the year for the US stock market, with particular pain in the tech trade.The 8.6 percent decline for the month edges out the 8.57 per cent drop experienced in January 2009. The S&P 500 data goes back to 1929, the report said. The sell-off has been even worse for the tech-heavy Nasdaq composite index.

These stocks are treading downhill as analysts feel these companies have low valuations. PB Fintech-backed PolicyBazaar's shares, however, fell just 0.8 per cent and settled at Rs 771.25. On Monday, it fell over 10 per cent.

Sensex settled 0.6 per cent or by 366 points higher at 57,858 points, whereas Nifty is 0.8 per cent up or by 128 at 17,277 points. Barring Nifty IT index, all the others traded in the green during the intra-day trade. Nifty bank, auto, media, PSU bank, and realty indices rose the most, NSE data showed. On the stocks front, Maruti Suzuki India, Axis Bank, SBI, Indusind Bank, and UPL were the top five gainers, rising 7.4 per cent, 6.5 per cent, 3.9 per cent, 3.6 per cent, and 3.5 per cent, respectively.

Biosimilars grew by 28 per cent to Rs 981 crore, Research Services was up 10 per cent at Rs 641 crore and Generics delivered a 7 per cent growth at Rs 607 crore. Biocon, a global biopharmaceuticals company, announced its consolidated financial results for the third quarter ended December 31, 2021, on Thursday night.

Traditionally, until 2016, the Budget was announced on the final working day of February. Now it is presented in the Parliament on the first working day of February. Accordingly, the periods just before and after assume much significance for market movement. This time around, the ongoing Covid-19 pandemic and the upcoming state elections have heightened the stakes of the Budget day.

The company's shares are now at Rs 72.35, very close to its 52-week high. The stock gained on Monday by a whopping 6 per cent and was up another 3 per cent on Tuesday morning.

Before February 2021, the company was known as Proseed India, and dealt in seed business. In its earlier avatar, the company failed to generate much revenue and reportedly went into insolvency. Post re-listing as Equippp Social Impact on May 19, 2021, the company has never looked back. Its share price rose from Rs 1.45 on May 20, 2021, to Rs 116 at Friday's closing.

Founded in 1990 as a home textile manufacturer, the company has now diversified into paper, chemicals, and energy. Started in Punjab, the company now has customers across 100 countries. From Rs 10 per share on January 1, 2021, the price has now touched Rs 55 at Friday's close, rising as high as 409 per cent. To put things in perspective, the benchmark Sensex rose nearly 19-20 per cent in 2021.

The Indian equity indices settled lower on Wednesday as the markets closed with the realty, IT, metal, and PSU banks sinking. S&P BSE Sensex and NSE Nifty50 dropped for the fourth consecutive day recording a major decline. Some analysts have said that the new investors stayed away amid the ongoing volatility and Indian equities have also witnessed a continued sell-off by overseas investors.