PNB jumps over 9% to hit 52-week high. What’s driving the rally?

PNB jumps over 9% to hit 52-week high. What’s driving the rally?

Shares of state-owned () jumped over 9.5% to hit 52-week high in Friday’s trade after getting government approval to divest its entire stake in (AMC). “The exchange is hereby informed that the bank has received approval of DIPAM, Ministry of Finance, Government of India for divestment of bank’s entire/part stake in UTI Asset Management Company … Read more

Stocks in the news: Lupin, Biocon, PNB, Lauras Labs, PTC India and SJVN

Stocks in the news: Lupin, Biocon, PNB, Lauras Labs, PTC India and SJVN

Nifty futures on the Singapore Exchange traded 52.5 points, or 0.28 per cent lower at 18,615.5, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade: : The USFDA has issued 8 observations for the drug product facility and API … Read more