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A total of 118,067 shares changed hands on the counter till 01:59PM (IST).

The Nifty Pharma index closed 0.29 per cent up at 13426.9.

​This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the price for the stocks ---- all have increased​

As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 11.15 per cent and domestic institutional investors had 5.79 per cent.

On the technical charts, the RSI of the stock stood at 53.83.

The overhang has largely been removed, now that we have a date and it is going to be the 10th largest bank in the world after the merger.

“With the economy recovering and elections in many states there is a lot of construction activity. Due to the confluence of factors, post pandemic bunched up contracts came on board and small infrastructure companies, in spite of the run up, are still trading at fairly reasonable 12-13 times multiples.”

Mutual funds in India have enjoyed success with their holdings in certain stocks, which have seen significant appreciation in prices, according to data. At least 10 stocks have returned over 100% in the past year, with more than 50 mutual fund schemes holding these stocks. Some of the best-performing stocks include IDFC First Bank, Apollo Tyres, Equitas Small Finance Bank, Varun Beverages, and Hindustan Aeronautics. However, some brokerages have downgraded their ratings on these stocks due to concerns over valuations and limited upside potential.

​So the point that I am making is that India is certainly an attention of the world and there are multiple drivers to that. One is that we are growing quite well and do not have any macroeconomic imbalances unlike several other markets in the world.

The stock quoted a 52-week high price of Rs 170.5 and a 52-week low of Rs 133.1.