Fair trade regulator Competition Commission of India (CCI) has given its approval to the USD 10.5 billion acquisition by Adani Group of Swiss cement giant Holcim’s stake in Ambuja Cement and ACC. Post the completion of the acquisition process, Adani Group will become India’s second biggest cement manufacturer. The group companies have been rising steeply on the bourses since then. 

The shares of Aarti Drugs are rallying due to news regarding imposing anti-dumping duty on Chinese pharma companies to sell Ofloxacin and other intermediates in the Indian market.  

The shares of Aarti Drugs jumped 11.10 per cent as the media reported that the Directorate General of Trade Remedies (DGTR) has recommended the continuation of anti-dumping duty on Ofloxacin imported from China.

The shares in Asia Pacific markets were seen gaining as Japan’s export data for July came out better at 19 per cent, beating the analysts’ estimates. Nikkei Composite is trading higher by 1.17 per cent whereas China’s Shanghai Composite is trading flat, owing to good earnings results by food giant Meituan. Bank of New Zealand has increased its lending rate by 50 basis points to 3 per cent in order to curb inflation. 

Nifty 50 opened flat amid mixed global trends. In this post, we will be highlighting top stocks that are experiencing a strong breakout.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 22.74 points or 0.04 per cent. 

The stock price increased from Rs 7.21 on July 6, 2001, to its current price, registering a multi-bagger return and an all-time increase of 13,924.27 per cent.

Bulls in the small-cap sector had their hands full as the shares of Jubilant Industries as well as DFM Foods rallied and got locked in at a 20 per cent upper circuit. 

BSE Smallcap index advanced 1.03 per cent to end at 28,194.37.

The company, which exports to over 50 leading stores worldwide and gets 90 per cent of its income from the global market, is Faze Three Limited. With a market capitalisation of Rs 1,015 crore, this small-cap company has caught the eye of Ace investor Ashish Kacholia.