Business
Mankind, other pharma stocks rally up to 7%; Nifty Pharma scales fresh peak. What lies ahead?
After opening lower, the Nifty Pharma index reversed losses and climbed nearly 1% to cross the 25,000 mark. The sectoral index also touched a fresh 52-week high of 25,043 during early trade before trimming some gains.
The Indian currency fell to 96.96 per dollar, breaching its all-time low of 96.6150 hit in the previous session. The currency is down 6% since the Iran war began in late February. A falling rupee is typically considered a positive for the export-heavy pharma sector.
Top pharma gainers today
Zydus Lifesciences shares were the top gainers on the index, jumping over 7% to hit a fresh 52-week high of Rs 1,091 apiece on NSE after the pharma company reported a 9% year-on-year (YoY) rise in consolidated net profit to Rs 1,272.5 crore for the January-March quarter of FY26. Revenue from operations, meanwhile, rose more than 16% YoY to Rs 7,587 crore during the quarter under review.Along with the Q4 results, Zydus Lifesciences announced its biggest-ever share buyback worth Rs 1,100 crore via the tender route at a buyback price of Rs 1,150 per share, offering nearly a 13% premium over the stock’s previous closing price. Its board has also recommended a final dividend of Re 1 per share (100%) on a face value of Re 1 each, subject to shareholders’ approval at the company’s Annual General Meeting scheduled for August 11.
Mankind Pharma shares followed, surging over 3%. This comes after the company reported a 32% YoY rise in consolidated net profit to Rs 554 crore for the fourth quarter of the financial year 2026, from Rs 421 crore in the corresponding quarter of the previous financial year. The firm’s revenue from operations rose 12% YoY to Rs 3,443 crore during the quarter under review.
Laurus Labs, Aurobindo Pharma, and Biocon shares gained around 1% each, while those of Lupin, Sun Pharma, Cipla, Torrent Pharma, and Divi’s Laboratories were trading in the green with marginal gains, as seen at 11 am. Bucking the trend, however, Ajanta Pharma, Piramal Pharma, Gland Pharma, Dr Reddy’s Labs, Abbot India, Glenmark, Alkem Labs, and IPCA Labs shares fell up to 1%.
What lies ahead?
Nifty Pharma’s technical structure remains constructive after the index touched a fresh 52-week high today, according to Harshal Dasani, Business Head at INVasset PMS, who said that this is significant as it has come at a time when the broader market is still dealing with global risk-off pressure, currency weakness, and uneven earnings delivery. The relative strength in pharma counters suggests capital is rotating into sectors with better earnings visibility, not merely chasing momentum, he added.“The index has been forming a clear higher-high, higher-low pattern, and the latest breakout keeps the medium-term trend in favour of buyers as long as it holds above the recent breakout zone. The immediate support now sits around 24,700 to 24,800, while a stronger cushion is visible near 24,400. A close below that band would weaken the breakout and indicate profit-booking rather than trend continuation,” according to Dasani.
The risk-reward remains favourable, but the entry point is no longer fresh after a sharp move, the analyst said. “The cleaner setup would come on controlled pullbacks rather than vertical rallies. The key confirmation from here is breadth. If participation remains broad across large pharma, domestic formulations and speciality businesses, the breakout could extend. If leadership narrows, the index may pause before attempting the next leg,” he added.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
TV presenter says abusive ex gave her no access to her own money
Ruth Dodsworth’s former husband was jailed for coercive and controlling behaviour and stalking.
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(VIDEO) Will Wemby Surpass Shaq and All-Time Center Greats in Historic 2026 Playoffs?
SAN ANTONIO — Victor Wembanyama posted 41 points, 24 rebounds, three assists and three blocks in 49 minutes during Game 1 of the 2026 Western Conference Finals on May 18, becoming the youngest player in NBA history to record at least 40 points and 20 rebounds in a playoff game.
The 22-year-old Spurs center joined Wilt Chamberlain as the only players to achieve 40-plus points and 20-plus rebounds in a conference finals debut. He also became the fourth player in NBA history — alongside Shaquille O’Neal, Hakeem Olajuwon and Kareem Abdul-Jabbar — to post at least 35 points, 15 rebounds and five blocks in a single playoff game.
Wembanyama averaged 25.0 points, 11.5 rebounds, 3.1 assists and a league-leading 3.1 blocks per game during the 2025-26 regular season while shooting 51.2 percent from the field. He earned Defensive Player of the Year honors as the youngest recipient in league history and led the NBA in blocks for the third straight season.
Through the 2026 playoffs, Wembanyama has posted multiple double-doubles and continued elite production. In earlier rounds he recorded 39 points, 15 rebounds and five blocks in a Western Conference Semifinals game, shooting better than 70 percent from the field in that contest.
Shaquille O’Neal has publicly praised Wembanyama’s game. O’Neal called him “the first perfect big man” after a Spurs playoff win, citing his ability to score, defend, shoot and play as a team player.
Wembanyama has surpassed O’Neal for the most games with eight or more blocks by a player under age 23. He has also set early-career benchmarks in defensive production and combined statistical output.
The 7-foot-4 Frenchman, drafted first overall in 2023, has started in multiple All-Star Games and earned Rookie of the Year in 2023-24. His playing style combines perimeter shooting, rim protection and ball-handling skills rarely seen at his size.
San Antonio advanced to the 2026 Western Conference Finals with Wembanyama anchoring the lineup. The Spurs improved dramatically on defense with him on the court, ranking among the league’s top units.
Wembanyama’s statistical milestones include joining O’Neal, Olajuwon and Abdul-Jabbar in rare playoff performances. His Game 1 conference finals showing echoed dominant outings by historical big men while occurring at a younger age.
Through 181 career games entering the 2026 playoffs, Wembanyama averaged 23.4 points, 11.0 rebounds and 3.5 assists. His career field-goal percentage stands at 48.4 percent.
The Spurs organization built around Wembanyama with complementary talent, including rookie Dylan Harper. The team returned to deep postseason play for the first time since 2017.
Wembanyama represented France at the 2024 Olympics, winning silver. His international experience contributed to his development ahead of his third NBA season.
At 235 pounds, Wembanyama has continued adding strength while preserving mobility and length. This physical profile differs from traditional centers like O’Neal, who played near 300 pounds in his prime.
League records show Wembanyama’s pace of production in blocks, scoring efficiency and rebounding. He has achieved multiple high-output games combining points, rebounds and blocks.
O’Neal and other analysts have drawn direct comparisons. Discussions focus on Wembanyama’s versatility versus the interior dominance of past greats such as O’Neal, Olajuwon, Abdul-Jabbar, Wilt Chamberlain and others.
Wembanyama’s contract runs through at least the 2026-27 season. His presence has increased attention and ticket demand for Spurs games.
Historical centers built legacies over long careers with multiple championships and individual awards. Wembanyama’s early body of work has generated widespread debate about his potential trajectory.
The Spurs face the top-seeded Oklahoma City Thunder in the Western Conference Finals. Wembanyama’s performance in Game 1 helped secure a series lead.
As the 2026 NBA playoffs continue, Wembanyama’s role remains central to San Antonio’s run. His on-court impact and statistical profile sustain ongoing conversations about his place among the league’s elite centers.
Business
Rockwool A/S 2026 Q1 – Results – Earnings Call Presentation (OTCMKTS:RCWLY) 2026-05-20
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Can Neymar Bring the Title to Brazil in World Cup 2026?
RIO DE JANEIRO — Neymar has been named in Brazil’s 26-man squad for the 2026 FIFA World Cup, giving the 34-year-old forward a chance to appear in his fourth tournament as the national team pursues a record-extending sixth title.
Coach Carlo Ancelotti announced the roster on May 18, 2026, during a gala event in Rio de Janeiro. Neymar, Brazil’s all-time leading scorer with 79 goals in 128 appearances, returns to the national team after a prolonged absence caused by injuries.
Neymar suffered a torn ACL in his left knee during a 2023 World Cup qualifier against Uruguay. He underwent multiple procedures and rehabilitation periods while playing for Santos in Brazil. He has made limited club appearances in 2026, with reports indicating 15 matches across 31 possible games this season.
Ancelotti addressed Neymar’s fitness at the squad announcement. “We evaluated Neymar throughout the year and noticed that recently he has been playing consistently and has improved his physical condition,” the coach said. “He will be an important player in this World Cup.”
The forward has not played for Brazil since 2023. His inclusion displaced other candidates, including Chelsea’s João Pedro, and became one of the most discussed aspects of the roster selection.
Brazil opens Group C play against Morocco on June 13, 2026, at New York/New Jersey Stadium, followed by matches against Haiti and Scotland. The group stage will test the team’s depth as it aims to advance deep into the knockout rounds.
Neymar previously featured in the 2014, 2018 and 2022 World Cups. Brazil reached the quarterfinals in 2022 before losing to Croatia on penalties. The team has not won the tournament since 2002.
The squad combines veteran experience with emerging talent. Key forwards alongside Neymar include Vinícius Júnior of Real Madrid, Raphinha of Barcelona, Endrick, Gabriel Martinelli, Matheus Cunha and others. Midfield and defensive options feature players from top European clubs.
Ancelotti, who took over as Brazil coach, emphasized experience in certain positions. He noted Neymar’s ability to create a positive environment in the group. The coach indicated Neymar could still improve his fitness before the opening match.
Neymar reacted emotionally to his selection. He posted on Instagram about “tears of pure happiness” and has expressed determination to contribute. In past statements, he described the 2026 tournament as a major goal that motivated his recovery.
Brazil enters the tournament as one of the strong contenders. Betting markets have listed the Selecao among the top favorites alongside several European sides. The team’s path includes a favorable group stage draw.
Injuries have shaped Brazil’s preparation. Several players, including Rodrygo and Estevão, missed the final squad due to fitness issues. Neymar’s recovery trajectory positioned him for selection despite limited recent international minutes.
The 2026 World Cup is co-hosted by the United States, Canada and Mexico. Matches will span multiple venues across the three countries. Brazil’s group games are scheduled in U.S. stadiums.
Neymar currently plays for Santos following earlier stints at Barcelona and Paris Saint-Germain. His club form in 2026 has been managed carefully to preserve fitness for international duty. Reports indicated Santos provided positive fitness updates to the Brazilian federation ahead of the squad announcement.
The Brazilian Football Confederation and Ancelotti monitored Neymar’s condition closely in the months leading to the final roster decision. He underwent additional examinations, including for calf issues, in the lead-up to selection.
Brazil’s squad depth includes goalkeepers such as Alisson and defensive options with European experience. The attacking lineup features speed and creativity that could complement Neymar’s playmaking if he earns minutes.
Preparation matches and training camps will determine Neymar’s role. Ancelotti has flexibility with the 26-player roster as the tournament approaches. Brazil has not released detailed minutes expectations for individual players.
The Selecao’s history includes five World Cup titles, the most of any nation. Success in 2026 would extend that record. The team qualified strongly under previous coaching before Ancelotti’s appointment.
Public reaction in Brazil was immediate and celebratory. Fans chanted Neymar’s name at the announcement event. Social media and streets across the country reflected widespread support for his return.
Neymar’s club contract and future remain separate from his international participation. His focus has centered on reaching peak condition for the June start of the tournament.
FIFA World Cup rules allow roster changes for serious injuries up to a certain point before the tournament. Brazil’s current list is considered final barring exceptional circumstances.
As the tournament nears, all eyes remain on Brazil’s preparation and Neymar’s integration. The team will train in the lead-up to its Group C opener while monitoring player fitness across the squad.
Business
Franklin High Yield Tax-Free Income Fund Q1 2026 Commentary (FHYVX)
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of June 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.
Business
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Kwinana Rail Loop proposal advances
About 126 hectares of land has been earmarked for a rezoning, to create a new freight corridor as a replacement to the constrained Kwinana Triangle network.
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