The  SgxNifty Future is trading at 13,081.00 up with +0.14% percent or +18.55 point. The Nikkei 225 Future is trading at 26,433.00 up with +0.77% percent or +203.00 point.The Hang Seng Future is trading at 26,656.50 up with +0.15% percent or +39.50 point.

TODAY’S FACTORS AND EVENTS

Advanced Enzyme is poised to capture the growing opportunities in the enzymes and probiotics space backed by proven capabilities and stable financials that have been fairly consistent, thanks to a mix of organic and inorganic growth strategy employed by the management. Strong margins and healthy return ratios reflect the pricing power and balance sheet strength of the company. Going ahead, the management intends to augment its R&D capability for better facilitation and strengthening of in-house R&D capability, which bodes well in the long run in its quest to improve scalability and a possible foray into more complex enzymes. We ascribe a target price of Rs 425 based on 25x FY23E EPS of Rs 17.

PREVIOUS DAY ACTIVITY

For the day the  nifty closed at 13,030.25 with a loss of – percent or ?24.90 point.Nikkei 225 is trading at 26,296.86 up with+ percent or  +131.27 point. Hong Kong’s Hang Seng is trading at 26,650.37 with + percent or +62.17 point.

WORLD MARKETS

For the day the Dow is trading at 30,046.24 up with +percent or  +454.97 point. The S&P 500 is trading at 3,635.41 up with + percent or  +57.82 point. The Nasdaq Composite is trading at 12,036.78 up with + percent or +156.15 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 26,296.86 up with +percent or +131.27 point. Hong Kong’s Hang Seng is trading at 26,637.36 up with +percent or+49.16 point. China’s Shanghai  Composite is trading at 3,367.22 with a loss of – percent or –35.60 point. India’s BSE Sensex is trading at 44,401.96 up with  +percent or  +324.81 point at 12:15 PM.