Cadila Healthcare Limited as a joint venture partner has signed an agreement to extend the tenure of the joint venture agreement (JVA) with Bayer (Southeast Asia) PTE Limited, one of the companies of Bayer Group, for a period of three years. 

Moreover, we are just halfway through the session and the stock has already surpassed its previous trading session volumes and recorded the highest volumes since June 8, 2021. So, now, the question arises as to why this stock is garnering so much interest and buzzing on the bourses?

During this rebound, some of the stocks on D-Street grabbed investors’ attention and we saw a significant surge in their deliverable volumes. The delivery quantity is a significant indicator, which the market participants use for evaluating an investor’s interest in a stock.

Adani Green Energy: Promoter Group, Infinite Trade & Investment Limited has bought 14,99,314 shares of the company.   

Alkem Laboratories: USFDA had conducted an inspection of the company’s manufacturing facility located in St Louis, USA from June 14 to June 18, 2021. At the end of the inspection, the company received Form 483 with 2 observations.

A summary of the news that is impacting markets and the economy over the last one week.

In the Indian stock market, we have seen many stories of penny stocks becoming multi-baggers over a period of time. However, the big challenge in investing in the penny stock is ‘to find a needle in a haystack’. The probability of striking a multi-bagger penny stock is extremely low.  

Datamatics Global Services Limited has made a new 52-week high of Rs 179.70 today by surging 15 per cent during the early morning session. On a YTD basis, the stock has given a return of approximately 55 per cent to the investors.

The broader markets relatively underperformed the frontline indices with Nifty Midcap 100 and Smallcap 100 being down by 1.25 per cent and 1.35 per cent, respectively. Interestingly, India VIX has slipped back below the 15-mark.   

Infosys Finacle, a wholly-owned subsidiary of Infosys, on Thursday after the market hours announced its digital banking software-as-a-service (SaaS) offering, designed as an accessible solution to help Indian urban cooperative banks (UCBs).