UBS on Pharma
Generic GLP-1 likely a highly competitive market; assume sector coverage
Sun Pharma – (Buy) – Looks well-positioned, with innovative medicines and a robust pipeline to support earnings
Cipla – (Neutral) – To face near-term lanreotide supply disruptions, but product launches from late FY27E are healthy
NIFTY OUTLOOK: 223306.45 FII -1805.37 cr DII 5429.78 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as diminishing selling pressure and interruption to present bearish trend help the bulls to take the nifty rally upto 23465.35.
IPO dreams sold at the top: Physicswalla 50% down. Olaelectric 85% down. Firstcry 71% down. Swiggy 52% down. Meesho 43% down & many 100+ IPOs now in huge down.
The National Stock Exchange (NSE) is expected to launch its long-awaited IPO, which has been in discussion for several years. The listing is likely to generate significant investor interest.
PhonePe is preparing for its IPO, aiming to tap into growing investor interest in India’s fintech sector. The company is targeting a multi-billion-dollar valuation for its listing.
Reliance Jio’s upcoming IPO is expected to be one of the biggest listings in India, potentially raising billions of dollars. The offering has already generated strong interest among global investors.
HDFC Bank shares came under selling pressure, impacting overall market performance due to its heavyweight position in indices. Weak movement in the stock contributed to a subdued trading session.
Paras Defence shares saw a sharp rise after the company announced a partnership with a South Korean firm for advanced optical systems. The collaboration is expected to strengthen its technology capabilities.
Shares of IndiGo faced pressure recently as the airline dealt with operational disruptions, including multiple flight cancellations. The situation raised concerns among investors about potential revenue impact.
Crude oil prices have remained highly volatile due to supply concerns linked to Middle East tensions. This fluctuation has directly impacted global equity markets, including India.
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