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Nifty50 has yet to cover a distance of almost 1,500 points before it attempts a new record high. With the Q4 results season drawing to a close, here’s how brokerages such as Jefferies, Goldman Sachs and Citi view buzzing stocks now.

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Alkem Labs denies report on DGGI income tax investigation against drug maker

The USFDA had conducted an inspection at Alkem Labs' manufacturing facility at Baddi, Himachal Pradesh, from March 19, 2024 to March 27, 2024. At the end of the inspection, the company has received Form 483 with 10 observations from USFDA. This was a GMP as well as a pre-approval inspection.&nbsp;

Alkem Labs slides nearly 3% after USFDA raises 10 objections for its Baddi plant

In an exchange filing on Friday, the company said that business email-ids of some employees of a subsidiary were compromised. After the breach, the company suffered a loss of Rs 52 crore. It said that it had taken all necessary steps on the matter.&nbsp;

Alkem Labs stock slips after firm reports loss of Rs 52 crore due to cyber security breach

Global Brokerage report on pharma stocks of this week. In this video know the full list and target price to make a buy choice. 

brokerage report of this week brokerage bullish on top 5 pharma stocks check latest list here

Anil Singhvi in the show SPL Mid Cap Stocks spoke to Jay Thakkar&nbsp;to know his stock recommendations.

Shares to buy with Anil Singhvi: SPL Mid Cap Stocks - Jay Thakkar recommends Alkem Lab, Heranba Industries, Finolex Cables | Stop-loss, targets and more

HDFC Securities see several growth catalysts across key markets and product categories (inhalers, biosimilars, complex injectables) playing out over the next 2-3 years for Indian pharma companies. The investments made over the last few years leave them well placed to capitalise on these opportunities. With cost bases pruned and operating leverage benefits, the sector is poised to grow at 21% earnings CAGR and witness ROCE improvement of 430bps to 15% over FY20- 23e.

Pharma Sector Update: Torrent Pharma, Cipla, Lupin to Alkem Labs - HDFC Securities highlights

HDFC Securities has valued Alkem at 22x Sep 22 EPS and arrived at a target price of Rs 3315. HDFC Securities has also initiated coverage on Alkem with a BUY based on the following factors:

Alkem Labs is Preferred Play on India Recovery, says HDFC Securities, dubs it a buy

CGSCIMB says they believe the domestic business’s strong recovery in growth should ensure healthy cash flows and better RocE. They initiate coverage on the Pharma sector with Overweight rating; add rating on Dr Reddy’s Labs, Cadila Healthcare, Alkem Labs, Cipla, IPCA Labs, Natco Pharma, Ajanta Pharma, Indoco Remedies and Hold rating on Alembic Pharma, Torrent Pharma.

Dr Reddy's Labs, Cadila Healthcare, Alkem Labs, Cipla to IPCA Labs, all you need to know about Pharma Sector

Are you an investor looking for a hot stock market tip? Well, here is a top recommendation: Alkem Lab share price is expected to go up to Rs 2,200 in the short-term while Rs 2,350 looks possible for the mid-term investment time horizon, say experts.

Rich investment stock tip! Boost your money by 26%! Alkem Labs share price to soar, experts say buy 

The Indian Rupee opened unchanged at 66.85 per dollar against previous close at same level.

Nifty hovers around 8,600-mark; Alkem Lab down 5% after US FDA inspection

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alkem-labs

Nifty50 has yet to cover a distance of almost 1,500 points before it attempts a new record high. With the Q4 results season drawing to a close, here’s how brokerages such as Jefferies, Goldman Sachs and Citi view buzzing stocks now.

The USFDA had conducted an inspection at Alkem Labs' manufacturing facility at Baddi, Himachal Pradesh, from March 19, 2024 to March 27, 2024. At the end of the inspection, the company has received Form 483 with 10 observations from USFDA. This was a GMP as well as a pre-approval inspection. 

In an exchange filing on Friday, the company said that business email-ids of some employees of a subsidiary were compromised. After the breach, the company suffered a loss of Rs 52 crore. It said that it had taken all necessary steps on the matter. 

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Alkem Labs News- Zee Business provides latest news on Alkem Labs, Alkem Labs news Today, Top News on Alkem Labs, update on Alkem Labs Stay updated with business news, breaking news headlines.

Alkem Labs

Top Fundamental 'Buy' Calls: See what brokerage targets signal about Bajaj Auto, other buzzing stocks now

Alkem Labs denies report on DGGI income tax investigation against drug maker

Alkem Labs slides nearly 3% after USFDA raises 10 objections for its Baddi plant

Alkem Labs stock slips after firm reports loss of Rs 52 crore due to cyber security breach

brokerage report of this week brokerage bullish on top 5 pharma stocks check latest list here

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