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A total of 45,014 shares changed hands on the counter till 11:46AM (IST)

The Nifty Pharma index closed 0.46 per cent up at 15176.6.

From the Sensex pack, IndusInd Bank, Tata Motors, SBI, NTPC, and Axis Bank opened with gains, while TCS, Tech Mahindra, Bajaj Finance, and Bharti Airtel opened with cuts.

The Relative Strength Index of the stock stood at 55.4 on Thursday.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

A total of 300,138 shares changed hands on the counter till 10:25AM (IST)

Wockhardt Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 3404.95 Crore) operating in Pharmaceuticals sector.

“While we maintain margins at a portfolio level, at a deal level, we might take strategic calls and we might choose to go aggressive. That is the strategic call I was mentioning and in the project lifecycle, margins would differ as I had mentioned,” says Samir Seksaria. He also says "we are monitoring the macro situation on a month-on-month basis and currently on the month-on-month basis."

“In terms of valuations, wWithin the cable and wire segment, PolyCab and KEI are the two companies which have been come up with consistent earnings delivery. Those are the places to play the housing theme or the real estate theme. These two companies could be the preferred picks within the segment. ”

“There could be volatility in the market in the coming few months and investors should not get unduly shocked by the higher volatility that small and midcaps will experience compared to largecaps. Distributors are now actively advising investors to move into flexicaps and multicaps as opposed to pure smallcap, mid cap schemes. It is a healthy sign that people are not just chasing past returns and are also looking to diversify across the caps.”