Senores Pharmaceuticals $421 Million Deal
- Share.Market
- 8 min read
- 04 Mar 2025
Highlights
The markets ended in the red, with Nifty down 36.65 points and Sensex losing 96.01 points. Nifty Media led sectoral gains, rising 2.37%. India Cements jumped 15.07% as the top gainer, while Bajaj Auto slid 4.95%, the biggest loser of the day.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty MediaNIFTY MEDIA | +2.37%+32.50 | 1404.05 |
 Nifty PSU BankNIFTY PSU BANK | +1.56%+87.65 | 5718.90 |
 Nifty EnergyNIFTY ENERGY | +0.77%+232.10 | 30239.15 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty FMCGNIFTY FMCG | -0.52%-262.40 | 50524.25 |
 Nifty ITNIFTY IT | -0.90%-337.50 | 37276.95 |
 Nifty AutoNIFTY AUTO | -1.31%-268.95 | 20269.20 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 India Cements Ltd.INDIACEM | +15.07%+38.65 | 295.20 |
 Concord Biotech Ltd.CONCORDBIO | +14.60%+222.10 | 1743.50 |
 Sun Pharma Advanced Research Company Ltd.SPARC | +13.42%+15.03 | 127.04 |
 Jyoti CNC Automation Ltd.JYOTICNC | +11.68%+90.05 | 860.80 |
 NLC India Ltd.NLCINDIA | +10.87%+22.21 | 226.53 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Bajaj Auto Ltd.BAJAJ-AUTO | -4.95%-381.50 | 7333.30 |
 Adani Green Energy Ltd.ADANIGREEN | -4.42%-35.55 | 768.55 |
 Supreme Industries Ltd.SUPREMEIND | -4.40%-155.45 | 3377.35 |
 One97 Communications Ltd.PAYTM | -3.85%-27.95 | 698.50 |
 Jubilant Foodworks Ltd.JUBLFOOD | -3.65%-23.10 | 610.25 |
*Prices shown may have delay up-to 15 minutes
Top News of the day
- India’s manufacturing growth slowed in February as PMI dropped to 56.3 from 57.7 in January. Despite weaker output, demand, and new projects kept momentum strong. GDP growth remains slow, needing a strong final quarter to meet targets.
- The Union Government has launched five pilot projects to deploy hydrogen fuel-based vehicles for trial as part of the National Green Hydrogen Mission. 37 hydrogen-fuelled vehicles, including buses and trucks, will be deployed for trial run under the pilot projects across the country.
- Coal India’s auction prices remained flat in the January-March quarter despite increased buyer participation. There is no coal shortage in the domestic market, with 80 MT at pitheads and 51 MT stocked at power plants.
- India’s FDI equity inflows dropped 6% YoY to $10.8 billion in October-December. Singapore, Mauritius, and the US were top sources. Services led investments, while non-conventional energy grew. Total FDI inflows hit $62.4 billion in April-December.
Market Highlights
Senores Pharmaceuticals Limited (SPL), through its wholly-owned subsidiary Senores Pharmaceuticals, Inc., USA (SPI), has signed agreements to acquire a basket of 14 Abbreviated New Drug Applications (ANDAs) from Dr. Reddy’s Laboratories and its applicable affiliates. This acquisition is valued at approx. $421 Million
HBL Engineering, as part of the HBL-Shivakriti Consortium, secured a ₹148.44 crore order from West Central Railway to implement KAVACH in multiple sections of the Bhopal Division.
The Centre granted Navratna PSU status to IRCTC and IRFC, enhancing operational flexibility. This brings the total listed government-owned Navratna companies under Indian Railways to seven.
Jio Financial Services approved acquiring 7.9 crore shares of Jio Payments Bank from SBI for ₹104.54 crore, increasing its stake from 82.17% to 100%, making JPBL a wholly-owned subsidiary.
Solar Defence and Aerospace, a subsidiary of Solar Industries India has secured a ₹239 crore contract from the Defence Ministry to supply multi-mode hand grenades, to be delivered within a year.
Corporate Actions
| Stock | Date | Event Type | Event Details |
| Anand Rathi Wealth | 05 Mar 2025 | Bonus Issue | 1:1 |
| Vantage Knowledge Academy | 05 Mar 2025 | Bonus issue | 2:1 |
