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STOCK MARKET

Zydus Lifesciences Ltd Tumbles for Fifth Straight Session

The company is set to acquire a 100% stake in the company and is set to complete within 10 working days.

Zydus Lifesciences Ltd is quoting at Rs 414.45, down 2.21 per cent on the NSE. The stock went down to 13.76 per cent in 2021 compared to a 1.85 per cent rally in NIFTY and a 5.74 per cent fall in the Nifty Metal index.

Zydus Lifesciences Ltd is down for a fifth straight session on Tuesday. The stock is Rs 414.45, down 2.21 per cent. The benchmark NIFTY is up around 0.02 per cent, quoting 18332.9. Zydus Lifesciences Ltd lost around 1.05 per cent in October. Meanwhile, the Nifty Metal index of which Zydus Lifesciences Ltd has increased around 0.18 per cent in October and recently quoted at 13019.85, down 0.1 per cent. The volume in the stock stood at 4.63 lakh shares on Tuesday compared to the daily average of 14.1 lakh shares in October’22.

In the benchmark of November futures contract for the stock is down at 2.01 per cent. Zydus Lifesciences Ltd dropped 13.76 per cent in 2021 compared to a 1.85 per cent rally in NIFTY and a 5.74 per cent fall in the Nifty Metal index.

At the end of the September quarter, the private equity of the stock is 34.99 based on TTM earnings.

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