Waaree Energies, Kotak Bank, HDFC Bank, Strides Pharma, Persistent Systems report significant stock movements

Indian markets ended almost flat on Thursday, as Nifty index faced challenges at key moving averages, especially around significant 24,200 mark. Waaree Energies revealed that a U.S. investigation found no proof of exporting solar panels made with Chinese solar cells, affirming that its ongoing operations in the U.S. remain unaffected.

BRIC Team

Jun 29, 2026 · 1 min read · 9 views

Waaree Energies, Kotak Bank, HDFC Bank, Strides Pharma, Persistent Systems report significant stock movements

Key Takeaways

•The Nifty index needs a decisive close above 24,200 to target the 200-day exponential moving average around 24,500.
•Waaree Energies was cleared of wrongdoing by a U.S. investigation regarding solar panel exports made with Chinese cells.
•Strides Pharma Science Ltd is divesting a majority stake in Pivot Path for ₹100 crore to a consortium led by Ascent Capital.
•Tata Motors plans to launch four new electric vehicles and over ten refreshes by FY31 to enhance its market position.
•Alembic Pharma received FDA approval for its Oseltamivir oral suspension, a key medication for treating influenza A and B.

Indian markets saw a rollercoaster Thursday, ending nearly flat despite some positive cues. Analysts noted Nifty index is still struggling with key moving averages. Bulls need a close above 24,200 to aim for 200-day exponential moving average near 24,500.

Companies in spotlight: Waaree Energies, Kotak Bank,HDFC Bank. Waaree Energies cleared by U.S . probe — no evidence found of exporting solar panels with Chinese cells. Investigation was narrow,won't impact ongoing U.S. operations.

HDFC Bank faces scrutiny after ex-chair Atanu Chakraborty criticized probe into his resignation. Called it unnecessary. Chakraborty refused to join, citing unclear scope and legal basis .

Strides Pharma Science Ltd grabs attention with sale of majority stake in Pivot Path for ₹100 crore. Buyer: consortium led by Ascent Capital and Vintage.

In auto sector, Tata Motors accelerates EV strategy . With India's EV scene growing,plans four new products,over ten refreshes by FY31 to boost market hold.

Persistent Systems signs long-term deal with U.S. tech leader . Partnership to bolster presence in North America,Europe,Asia Pacific. Focus: enterprise cloud services management,support.

Meanwhile,Adani Green launched 150 MW solar project in Khavda, Gujarat. Total operational renewable capacity now 19,985.8 MW,plus 3,366 MWh battery storage.

PTC Industries plans to raise up to ₹1,800 crore. Board okayed loans,guarantees,investments up to ₹2,000 crore. Borrowing limit raised from ₹350 crore to ₹600 crore .

Finally, Alembic Pharma got U.S. FDA nod for Oseltamivir oral suspension. Treats,prevents influenza A and B . But what's next for these companies…

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