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Promoters held 50.05 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 10.06 per cent and 8.9 per cent, respectively.

​So therefore we feel that injectables is probably a place where there is still more competition to come and pricing will eventually normalize in the injectable space in the US generic market.

I believe flows globally will accelerate into equities. So very difficult to concisely explain many of the reasons but I think there are several drivers which are good for overall emerging markets and especially India.

As of 31-Mar-2023, promoters held 74.36 per cent stake in the company, while FIIs held 14.66 per cent and domestic institutional investors had 3.71 per cent.

Given a closing above its 200 DMA on daily charts after nearly 7 months. 5-7NMDC, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 32148.75 Crore) operating in Mining sector.% upside likely.

"Auto is making new highs as volumes are improving every month, commodity inflation is behind, and production issues are getting resolved. It only helped that Auto Index was among the worst performing indexes in FY22 and hence bounce back was also with a vengeance in FY23," Kashyap Javeri, Fund Manager, Emkay Investment Managers, said.

A total of 6,305 shares changed hands on the counter till 11:32AM (IST)

Closed at a 9-month high. Upside has more legsfrom hereon for a potential 100 point up move.

The stock quoted a 52-week high price of Rs 2864.35 and low of Rs 2002.5.

​People will try to improve their margins because that trajectory will continue. But let me get onto the longer-term narrative because we oftentimes get caught up in short-term narrative saying that there is a demand headwind, etc, which is a fact.