Leerink analyst David Risinger upgraded AbbVie to Outperform from Market Perform with a $206 price target, citing strong execution potential, particularly with Skyrizi in ulcerative colitis, and opportunities for future M&A and positive Phase 2 results from Cerevel assets, despite expected emraclidine write-downs.

Stock markets are likely to cheer the potential harmony between states and the centre as BJP and its allies hold power in more states now than they did in 2019. Some specific promises made in the Mahayuti manifesto is likely to boost both blue-chip indices like Nifty 50 and Sensex, as well as individual stocks in real estate, infra, and consumption space when the markets open for trade on Monday.

The US Federal Reserve announced a May 15-16 conference and "Fed Listens" events to review its long-run strategy and approach to policymaking, seeking new ideas and feedback. The review, which starts in January, will assess the Fed's approach to monetary policy, but will not focus on the 2% inflation goal.

European buyout firm Permira is debuting its first deal in the $1 trillion US collateralized loan obligation market, as deals near an issuance record. The investment firm priced the $430.6 million deal on Friday, according to a person with knowledge of the matter. CLOs, the largest buyers of leveraged loans, repackage this debt into securities of varying risk and size.

Zomato's shareholders have approved a proposal to raise up to ₹8,500 crore through a Qualified Institutions Placement to strengthen the company's balance sheet. The fundraising aims to enhance cash balance, which was reduced to ₹10,800 crore due to acquisitions and investments. Zomato's cash balance was reduced by ₹1,726 crore in the previous quarter.

The deadline to update Aadhaar details online for free is fast approaching — December 14, 2024 after the Unique Identification Authority of India (UIDAI) extended the process period for two months from September 14, 2024. As such, the UIDAI is urging residents to upload Proof of Identity and Proof of Address documents, especially if their Aadhaar was issued 10 years ago and has never been updated.

Eraaya Lifespaces shares are one of the multibagger stocks that the Indian stock market has delivered in 2024. In YTD time, the share price has risen more than 1700 per cent. The small-cap stock ended on Friday at ₹2,101.10 apiece, logging an intraday rise of more than 2.50%. In five years' time, this multibagger stock has delivered over 27,600 per cent returns to its positional investors.

The Buffet Ratio measures whether stock markets are overvalued or undervalued. Many countries, including the USA and Japan, have experienced periods of overvaluation. India has seen significant growth in its market cap, raising concerns about potential overvaluation. However, structural changes and policy shifts in India might justify this growth.

Anya Polytech & Fertilizers Limited has received NSE approval for its Draft Red Herring Prospectus (DRHP) to launch its SME IPO. The company plans an IPO to issue up to 3,20,00,000 equity shares with a face value of ₹2 each. In '24January, Anya Polytech & Fertilizers Limited achieved Revenue of ₹98.87 crore, EBITDA of ₹13.45 crore, and PAT (Profit After Tax) of ₹10.70 crore.

Reported Consolidated quarterly numbers for IRM Energy are: Net Sales at Rs 231.52 crore in September 2024 up 5.18% from Rs. 220.12 crore in September 2023. Quarterly Net Profit at Rs. 12.01 crore in September 2024 down 53.84% from Rs. 26.02 crore in September 2023. EBITDA stands at Rs. 35.60 crore in September 2024 down 21.71% from Rs. 45.47 crore in September 2023.

The Reserve Bank of India (RBI) has approved Central Bank of India's joint venture with Generali group to enter the insurance business, subject to compliance with norms and IRDAI approval. The Competition Commission of India cleared the acquisition of stakes in Future Generali India Insurance and Life Insurance in October.

ONGC's Q2FY25 results surpassed estimates, with SA EBITDA at Rs170.3bn and RPAT at Rs119.8bn, driven by lower expenses and higher other income. Crude production fell 1.7% YoY, while gas production declined 2.7% YoY. The company expects to reach peak oil and gas output by FY25-end/early-FY26, and Emkay Global maintains a BUY rating with a target price of Rs330.

Zinka Logistics Solutions shares closed nearly 5 percent lower on its listing day of November 22, despite around 2.5 percent short covering-led rally in the benchmark indices. The stock opened higher at Rs 280.90, up 2.9 percent over the issue price of Rs 273 and hit an intraday high of Rs 285.90 in early trade on the NSE, but immediately wiped out those gains and corrected up to Rs 255.35.

Realty firm Mahindra Lifespace Developers Ltd (MLDL) on Friday (November 22) said its subsidiary Mahindra World City Developers Ltd (MWCDL) has announced the second phase of its industrial parks project, Origins by Mahindra, in Tamil Nadu. The expansion, executed in partnership with Japan’s Sumitomo Corporation, aims to boost industrial development in the region.

Sebi on Friday came out with guidelines to strengthen accountability and improve governance of stock exchanges and other MIIs by asking them to resolve whistleblower complaints within 60 days of receipt. Additionally, Sebi asked MIIs, comprising stock exchanges, clearing corporations and depositories, to adopt RegTech and SupTech for better regulatory and supervisory mechanisms.