Stock Market LIVE: Nifty, Sensex Trade Lower As Bajaj Finance, Bajaj Finserv Shares Weigh

Sai Life Sciences Ltd. planned to recruit 200 scientists in November to meet rising demand for discovery and CMC Services, the company said in the exchange filing.

• Initiate with Overweight ratings

• Strong fundamentals, resilient operations

• Funding access Intact despite the 2023 short-seller report and the 2024 U.S. DOJ indictment

• No downgrades across three years underscore operational strength and conservative leverage management

• Systemic risk contained; robust access to domestic and international funding

• Active bond buybacks show balance sheet maturity

• Adani bonds still priced at a governance premium despite rating stability

• Operational cash flows support expansion and deleveraging

• Strong visibility into refinancing and regulatory protection

• Strong assets anchor robust cash flows for Adani issuers

Hindalco Industries Ltd. is targeting an aluminium downstream Ebitda of Rs 4,000 crore by FY30, according to Managing Director (MD) Satish Pai.

“Many of our large projects, like Aditya FRP (flat-rolled products), Silvassa, are ramping up. I think we are well on our way to reach that Rs 4,000 crore target by FY30,” he said during a conversation with NDTV Profit on Monday. 

Jefferies and CLSA retained Bajaj Finance Ltd. shares as their top picks despite disappointing asset under management and growth guidance and rising credit cost. Bajaj Finance retained its preference from top brokerages because the stock is expected to yield decent returns to shareholders.

Paras Defence and Space Technologies Ltd.'s arm Paras Anti-Drone Tech received Rs 3.95-crore order from the Defence Ministry for anti-drone systems, the company said in the exchange filing.