Alkem Labs sees Rs 930 crore block deal as promoter family entities pare stake; Goldman, Morgan Stanley among key buyers

Shares of Alkem Laboratories witnessed block deals worth about Rs 930 crore on Tuesday, with promoter family entities selling shares to a clutch of domestic mutual funds and foreign institutional investors. According to NSE block deal data, a total of 17.88 lakh shares changed hands at Rs 5,200 apiece. The transaction value works out to…

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Indexes Rally To Pare February Losses

Justin Sullivan / Getty Images The S&P 500 jumped 1.6% on Friday, Feb. 28, as investors looked past geopolitical concerns, paring the index’s February losses. Energy provider AES led stocks higher after it issued a strong outlook fueled by optimism about AI data center power needs. Nvidia-partner NetApp fell after the data storage provider missed…

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