NSE:MARKSANS

Choice Equity Downgrades Marksans Pharma to Add from Buy, Price Target is INR290

Indian Equities Fall as Rising Oil Prices and Global Uncertainty Weigh on Sentiment

Indian benchmark indices closed lower on Tuesday, snapping a two-session winning streak, as weak global cues and a rise in crude oil prices triggered profit booking.The BSE Sensex declined 479.26 points, or 0.6%, to close at 76,009.70, while the NSE Nifty 50 fell 118.00 points, or 0.5%, to settle at 23,913.70.Market sentiment remained cautious after U.S. strikes on Iran reduced expectations of a near-term peace agreement. Reports of military activity in southern Iran pushed crude oil prices higher and added pressure on the Indian rupee.In earnings news, Marksans Pharma (NSE:MARKSANS, BOM:524404) surged 16% after fiscal fourth-quarter consolidated net profit rose to 1.48 billion rupees from 905.5 million rupees a year earlier. Revenue from operations increased to 8.56 billion rupees from 7.08 billion rupees.Adani Green Energy (NSE:ADANIGREEN, BOM:541450) gained over 3% after the company said its step-down subsidiaries operationalized battery energy storage system projects and a solar energy project in Gujarat, India.

Marksans Pharma's Consolidated Net Profit Jumps in Fiscal Q4; Shares Jump 7%

Marksans Pharma's (NSE:MARKSANS, BOM:524404) consolidated attributable net profit rose to 1.48 billion Indian rupees in the fiscal fourth quarter ended March 31, from 905.5 million rupees a year ago.Earnings per share climbed to 3.27 rupees from 2.00 rupees a year earlier, the pharmaceutical company said in a filing to the Indian stock exchanges on Tuesday.Revenue from operations in fiscal Q4 also increased to 8.56 billion rupees from 7.08 billion rupees a year ago.The company's board recommended a final dividend of 0.90 rupees per equity share of face value of 1 rupee per share for the fiscal year ended March 31.The company's shares were up nearly 7% in recent trade.

Marksans Pharma Board to Consider Dividend for Fiscal 2026

Marksans Pharma (NSE:MARKSANS, BOM:524404) said its board of directors will meet on May 26 to consider the declaration of dividend for the financial year 2025-26, according to a filing with the Indian bourses on Tuesday.