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​State-owned NHPC on Monday posted a 19 per cent fall in its consolidated net profit to Rs 628.44 crore for the October-December quarter of 2023-24 due to higher expenses. The hydro-power producer had reported a net profit of Rs 775.99 crore in the October-December period of 2022-23, the company said in an exchange filing.

Banks led by private heavyweights ICICI Bank and HDFC Bank dragged the Nifty the most. Nifty Bank was down 1.7% with all 12 stocks ending in the red. In terms of highest fall, Bandhan Bank, Punjab National Bank (PNB) and Bank of Baroda fell between 7.68% and 3.45%.

Emami expects profitable growth not only from the Man Company and Brillare but also from other brands. These investments demonstrate a clear path to profitability for the company. The rural has still not started that kicking off and Emami expects rural growth to initiate from the first quarter or first half of the next fiscal only. There is a lot of optimism.

The Nifty IT index closed 0.79 per cent up at 37998.0.

The pharma sector is overcoming previous headwinds and is expected to perform better. Pricing pressure is reducing, new product launches are anticipated, and margin expansion is likely. The sector benefits from being defensive in volatile markets. Sectorally, all these headwinds that they had faced in the past are gradually going away for the sector to emerge better.

The stock quoted a 52-week high price of Rs 317.9 and a 52-week low of Rs 207.85.

The stock traded at a P/E multiple of 24.78, while the price-to-book value ratio stood at 0.0.

In Monday’s trading session, the following five stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

On the technical charts, the RSI of the stock stood at 26.97.

"In the last three years, our average annual growth rate has been 36% and once the IPO proceeds and we receive that money, we will be even more aggressive in terms of pursuing growth opportunities. In terms of business mix, 95% is coming from distribution services, but we also provide a lot of value-added services to these companies in terms of providing marketing and promotion services as well but that contributes less than 5% of our business as of now."