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The Indian central bank likely intervened to curb a sharp decline in the rupee, which touched a low of 84.07 per dollar. Large state-run banks sold dollars to manage the exchange rate amid strong demand from oil companies and foreign banks. Benchmark Indian equity indices were also down.

The Nifty Pharma index was trading 0.6 per cent up at 23444.3.

The stock quoted a 52-week high price of Rs 653.9 and low of Rs 259.5.

Star fund manager Saurabh Mukherjea, who runs Marcellus PMS, has exited five mid and small-cap stocks while introducing two new investments: Go Digit General Insurance and Jash Engineering. In its mid-cap-focused Rising Giants and small-cap-heavy Little Champs funds, Marcellus has made these strategic additions to enhance its portfolio.

I think that is something that needs to be watched out and especially focus on certain geographies and certain verticals becomes quite important and to see how demand evolves over there.

As of 30-Jun-2024, promoters held 74.65 per cent stake in the company, while FIIs held 9.22 per cent and domestic institutional investors had 6.81 per cent.

A total of 4,421 shares changed hands on the counter till 02:04PM (IST)

The GMP for Hyundai India is declining ahead of the IPO opening next week, with shares currently commanding a GMP of approximately Rs 139, reflecting a marginal premium of 7% over the issue price. The IPO consists of a complete OFS of 14.2 crore shares by the Korean parent company, priced between Rs 1,865 and Rs 1,960. At the upper end of this range, Hyundai India is valued at Rs 1.6 lakh crore.

The Relative Strength Index of the stock stood at 40.8 on Friday.

The fourth theme is land-holding companies, particularly plantation companies. Today, they are valued based on their tea and coffee output, but as development progresses, we’re talking about huge square footage valuations.