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Investors include dividend stocks in their portfolios as they are rewarding consistent payouts irrespective of the market sentiments.

Promoters held 45.86 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 29.41 per cent and 10.54 per cent, respectively.

“I am really looking for further triggers for the stock market to move up from these levels. Intuitively, you do feel that there should be a correction, it could be healthy, shake out a lot of the weak players and provide an opportunity to get into good quality businesses at reasonable valuations, with margin of safety.”

A total of 1,396 shares changed hands on the counter till 10:56AM (IST).

The stock rose from Rs 1275 as on 14 August 2023 to Rs 1431 recorded on 15 September 2023 which translates into an upside of over 15% in a month. The stock hit a fresh 52-week high of Rs 1466 on 11 September 2023.

"Peter, who is a veteran when it comes to the pharma and biopharma industry in terms of his global experience, also understands the Biocon Group because he has basically played a very key role in Syngene. Through Syngene, he has understood the entire Biocon business very well."

Indian frontline indices fell on Monday amid profit-selling pressure in bank, IT and metals stocks. The S&P BSE Sensex snapped its 11-session winning streak as it ended at 67,596.84, down by 241.79 points or 0.36%. The broader Nifty50 fell by 69.80 points or 0.35% to close at 20,122.55. Meanwhile, banking gauge Nifty Bank settled at 45,942.65., lower by 288.85 points or 0.62%.

Signature Global is the largest real estate development company in the national capital region of Delhi in affordable and lower mid-segment housing. It looks to raise Rs 730 crore from the public offer. The IPO is priced at Rs 366-385 per share.