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This is "primarily because Israel has been very aggressive and successful in taking down these fundraising efforts", he added.

The Relative Strength Index of the stock stood at 30.16 on Thursday.

During the quarter, the pizza seller reported a 4.5% year-on-year (YoY) rise in its revenue from operations to Rs 1,344.8 crore as compared to Rs 1,286.8 crore in the year-ago period.

As of 30-Sep-2023, promoters held 0.0 per cent stake in the company, while FIIs held 11.64 per cent and domestic institutional investors had 6.45 per cent.

Private lender Axis Bank posted 10% year-on-year (YoY) growth in its standalone net profit at Rs 5,863 crore in the July-September period, which is also higher than the ET NOW poll estimate of Rs 5,800 crore. Net interest income (NII) during the reporting quarter rose 19% YoY to Rs 12,314 crore, compared with Rs 10,360 crore in the same quarter last year.

U.S. yields rose after an auction showed weak demand and following data that indicated new-home sales accelerated in September, affirming market expectations of prolonged higher-for-longer interest rates.

Promoters held 68.61 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 11.44 per cent and 3.57 per cent, respectively.

Among foreign brokerages, Jefferies maintained an underperform view. In the domestic pack, Kotak Institutional Equities and Nuvama recommended a reduce stance on the counter while Motilal Oswal suggested a Neutral call.

The Nifty Pharma index was trading 1.37 per cent down at 14597.35.