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The projects shall be commissioned in a period of 18 months from the date of signing of Power Purchase Agreements (PPA) and are expected to be commissioned by March 2025.

Promoters held 50.39 per cent stake in the company as of 30-Jun-2023, while FIIs owned 22.55 per cent, DIIs 16.05 per cent.

The Nifty Pharma index was trading 0.03 per cent up at 15165.95.

The stock quoted a 52-week high of Rs 934.5 and a 52-week low of Rs 480.0.

A total of 9,748 shares changed hands on the counter till 11:26AM (IST).

Even though earnings saw a recovery in the last quarter, some analysts believe the overall growth will be a bit uneven, given that several pockets are yet to see a visible recovery.

On the Comex, Gold futures were trading at $1,949.90 per troy ounce on Tuesday, up by $3.10 or 0.16% while Silver futures were trading at $24.255, higher by $0.003 or 0.010%.

"There are specific sectors that are doing relatively well and that are keeping markets somehow intact. But the stimulus measures that China is offering right now will basically give positive sentiments in the markets for a short term, but they need to find an alternative solution than just keep giving stimulus and stimulus measures."

Promoters held 50.53 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 20.03 per cent and 7.29 per cent, respectively.

MarketSmith, meanwhile, has a positive view on some stocks that it believes are near their buy point.