DSIJ Mindshare

The stock of Adani Power Limited has given ascending triangle breakout on a daily time frame. This breakout was confirmed by the above 50-day average volumes.

 Traders were encouraged with Prime Minister Narendra Modi’s statement that India is among the top 10 destinations for foreign direct investment (FDI) in the world and received $286 billion of FDI in the last five years.

In a trading session earlier, the IT services and technology provider’s stock price had fell as much as 15 per cent intra-day after whistleblower raised questions over its corporate governance.

We expect the company's operating margin to improve going forward as the recent extraction of iron ore is expected to bring down costs since iron ore is a major raw material in the steel producing process.

On November 1, 2019, the USFDA issued an update containing the latest information of Ranitidine. Concluding from the results provided by the USFDA, Strides Pharma’s Ranitidine Tablets 300 mg (Rx) are within acceptable limits for NDMA of 96 nanograms per day or 0.32 ppm.