Share Market Live: Sensex, Nifty Slide; Tata Steel, JSW Steel Lead Decline

Zydus Pharmaceuticals Inc. U.S. ( a 100% subsidiary of Cadila Healthcare Ltd.) has signed a license and supply agreement with CHEMI SpA of Italy, to launch the generic equivalent of Sanofi Aventis's branded product Lovenox (Enoxaparin Sodium injection) in seven dosage strengths in the U.S, according to exchange filings by Cadila Healthcare.

• Enoxaparin Sodium injection is used for prophylaxis of deep vein thrombosis (DVT) in patients undergoing abdominal, hip or knee replacement surgery, and also for the treatment of acute DVT.

• Enoxaparin injection had annual sales of approximately $513 million in the United States, according to IQVIA data as of June 2021.

Steel Strips Wheels Ltd. received new export orders valued close to $11 million from Western Hemisphere.

In an exchange filing, the company said that it will complete the execution of the orders by December 2021 from its Chennai and Dappar plants.

Steel Strips Wheels also anticipated orders of similar capacity in the coming months from similar customer base as businesses continue to recover rapidly.

The company has concluded 13 M&A deals, 11 investments and 2 other deals in the past 3 months, according to Bloomberg data.

Shares of Hindustan Unilever Ltd. rose 2.97% to a 52-week high of Rs 2,560 apiece. The stock has been gaining for the seventh consecutive session.

• Trading volume was 1.7 million shares, quadruple the 20-day average of 4,29,081 shares for this time of the day.

• The relative strength index on the stock was above 70, suggesting that it may be overbought.

• Analysts have 30 'buy', 6 'hold' and 4 'sell' recommendations on the stock with 13 analysts raising the price targets over the past month.

• The overall consensus price of analysts tracked by Bloomberg implied an upside of 5.2%

AGS Transact Technologies Ltd.’s shareholders plan to sell as much as Rs 800 crore ($107 million) of shares in the ATM management and payment services provider’s initial public offering, according to its draft prospectus.

• The company, which manages ATM machines and provides cash management services, is not selling any new shares in the IPO.

• ICICI Securities, HDFC Bank and JM Financial are managing the IPO.