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“For equity flows to turnaround, there must be strong signals either on corporate earnings or policy reforms given that the days of easy monetary policy are over. Further, the fiscal stimulus in our context has been limited. Therefore, even on the equity side, there may not be significant inflows.”

As of 31-Mar-2022, promoters held 60.51 per cent stake in the company, while FIIs held 11.28 per cent and domestic institutional investors had 0.86 per cent.

Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives, Royalty Income and Scrap for the year ending 31-Mar-2021.

The new framework will come into effect from August 1. The BOD margin parameters would include all SPAN margin parameters as well as Extreme Loss Margin (ELM) requirements.

On the technical charts, the 200-day moving average of the stock stood at Rs 4241.41.

“In India we have seen a slowdown in economic growth. We have seen rising oil take its toll on current account conversations for the broader macroeconomic outlook for India. At JP Morgan, we are taking a relatively cautious outlook for India as a whole. However, within that, this bottoms-up analysis is absolutely critical. We still see emerging strength as an example of the real consumer.”

“Price increases have been taken to some extent and there has been an effect on the demand in the smaller T3 and T4 cities to some extent. Some downgrading on products happened in T1, T2 and metro cities to that extent. But overall, the demand conditions have been very healthy and that has been reflected through the double digit growths coming in February and March.”

The bidding was majorly driven by retail bidders, whose portion was subscribed 81 per cent. Employee quota was subscribed 40 per cent, whereas HNI quota received only three per cent bids so far. The institutional quota did not see any bids yet.

So far in the current calendar, the rupee has depreciated close to 4 per cent against the US dollar, hitting an all-time low of 77.5250/$1 on Monday.

As of 31-Mar-2022, promoters held 45.25 per cent stake in the company, while FIIs held 19.8 per cent and domestic institutional investors had 17.64 per cent.