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Strides Pharma to acquire Sandoz branded generics portfolio to expand Africa business
Strides Pharma Science is preparing to enhance its presence in Sub-Saharan Africa by acquiring branded generic products from Sandoz AG, with an initial investment of USD 12 million. This strategic move is expected to catapult Strides into the ranks of the top five pharmaceutical firms in the region.
Strides Pharma to acquire, in-license Sandoz generic brands in Africa for $12 million upfront
The upfront consideration for the transaction is $12 million, payable at closing. In addition, Strides will make royalty payments to Sandoz based on a percentage of net sales of distribution products. Shares of Strides Pharma Science Ltd ended at ₹876.55, down by ₹14.40, or 1.62%, on the BSE today, March 17.
GSP Crop Science IPO opens today; should you apply? Here's what brokerages say
Ahead of the issue opening, agrochemical company GSP Crop Science raised ₹120 crore from two anchor investors. Mauritius-based Craft Emerging Market Fund PCC was the largest investor in the anchor book, purchasing nearly 25 lakh shares through two investment vehicles - Citadel Market Fund and Elite Capital Fund - for ₹80 crore. Shine Star Build Cap was the other anchor investor, acquiring 12.5 lakh shares worth ₹40 crore.
Ambuja Neotia Group to develop over Rs 700 cr integrated healthcare and hospitality project in Guwahati
Ambuja Neotia Group will build a large integrated healthcare and hospitality project in Guwahati. The Rs 700 crore investment will include a 300-bed multi-speciality hospital and a 4+ star hotel. This initiative aims to boost the region's healthcare infrastructure and economy. The project is expected to create thousands of jobs. It marks the group's second healthcare venture in Assam.
Jefferies adds Groww, State Bank of India, 5 others to 23 buy ideas. Here’s the full list
Jefferies has updated its analyst top ideas, adding seven new stock recommendations across various sectors. These picks include State Bank of India, Groww, Star Health & Allied Insurance, Bharat Forge, JSW Steel, Eternal, and Max Healthcare, with significant upside potential highlighted for each.
Stocks to Buy: Here are seven new additions to the Jefferies 'bottom-up ideas' list
State Bank of India Ltd., Star Health Insurance Ltd., Groww, Bharat Forge Ltd., JSW Steel Ltd., Eternal Ltd. and Max Healthcare Ltd. are the seven new inclusions to Jefferies' Bottom-up top ideas list, which includes 23 stocks with "buy" recommendations and eight underperform calls. Here is a look at the seven new additions:
Emami among 7 small-cap stocks hit 52-week lows; slip up to 25% in a month
Amid a sharp 1,342-point Sensex drop to 76,863, seven BSE 250 Smallcap stocks, including Sapphire Foods, JK Lakshmi Cement, Relaxo, Aegis Logistics, Five-Star Finance, Emami and Jyothy Labs, hit 52-week lows, signaling weakness.
CCL Products, Sai Life Sciences on Mayuresh Joshi’s watchlist for earnings strength
Mayuresh Joshi, Director of Research at Marketsmith India, is watching earnings-resilient sectors such as consumer discretionary, banking, and pharmaceuticals as market remains volatile. Along with CCL Products and Sai Life Sciences, Strides Pharma Science and ICICI Bank are on his watchlist, while Vishal Mega Mart remains a domestic consumption play worth tracking.
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
Zaggle Prepaid signs 3-year pact with Blue Star to provide employee expense solutions
Last month, Zaggle Prepaid Ocean Services said it has entered into multiple agreements to provide its corporate expense solutions to leading domestic entities. Shares of Zaggle Prepaid Ocean Services Ltd ended at ₹217.30, up by ₹1.85, or 0.86%, on the BSE today, March 5.
Assam CM inaugurates Star Cement’s Cachar unit, Boosting Industrial Footprint in Barak Valley
Assam Chief Minister Himanta Biswa Sarma opened Star Cement Ltd.'s new plant in Cachar. This Rs 400 crore facility will boost cement availability in southern Assam and nearby states. It is expected to create over 1,000 jobs. The investment highlights growing confidence in Assam's industrial growth. The unit will support regional development and meet rising demand.
Buy Five Star Business Finance; target of Rs 600: Motilal Oswal
Motilal Oswal recommended is bullish on Five Star Business Finance recommended buy rating on the stock with a target price of Rs 600 in its research report dated Jun 22, 2026.