The company's formulations facility is cleared by the US drug regulator with the issuance of Establishment Inspection Report (EIR). It is one of the largest facility owned by Strides Pharma and supports several products sold in the US markets.

Going ahead, we would see Nifty making an attempt to break above the resistance level of 10,950, which has been resisting since some time. However, it would be important to see whether follow-up buying ensues, and if it fails to clear this resistance zone convincingly, we will see the market entering into consolidation phase again. Stocks in news: Jubilant Foodworks, HCL Technologies, Adani Green Energy, Majesco, NBCC, PVR, Century Plyboards and Bharti Airtel.

The Indian markets go into Wednesday’s session with a head start as SGX Nifty suggests that Nifty may open above the 11,000 mark. It would be very crucial to watch the price behaviour around this level as the index has been seen resisting multiple times near about this level.

On Tuesday, the stock has given breakout of downward sloping trendline along with robust volumes.

The January month auto sales number continued the negative trend from the last few months to hamper investors sentiments. The sales number across the board lost steam as NBFCs faced liquidity crunch.

Change is inevitable and necessary part of life and when it comes to the stock market, change is also the most important event. In 2017, the buzzwords were budget, bull run and all-time highs, while now its uncertainty, elections, trade-war, etc. 

The stocks that are likely to witness significant movement on the bourses on February 6 are Tech Mahindra, Lupin, India Power Corp, Kirloskar Brother’s and Jubilant Foodworks. 

The historical stock market ride ended in September and the NBFC Crisis was the main reason for it. The crisis did not just affect the sector but also hit market sentiments on a broader level.

The company's SPV won an arbitration award against NHAI amounting to Rs. 192 crore. The company had made a total claim of Rs. 408 crore plus interest. 

The Union Budget presented last week is considered a populist budget by the street has welfare schemes announced by the government means additional spending. One major concern is that 13 per cent higher spending figure in addition with rural focus may increase fiscal deficit.