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As of 31-Mar-2023, promoters held 0.8 per cent stake in the company, while FIIs held 15.38 per cent and domestic institutional investors had 9.9 per cent.

​Let us see the unemployment numbers that come out as they will define what the Fed will do later in the month and then our own monsoons which also we should get more clarity on in terms of how they are progressing in the coming days.

A total of 20,199 shares changed hands on the counter till 12:29PM (IST)

The Nifty Pharma index closed 1.06 per cent up at 12812.8.

Equities could break the June curse by making positive returns based on sustained inflows from foreign institutional investors, say experts. Despite historical data showing that six times in the past decade the stock market has delivered negative returns in June, the country has had a good three-month run, causing money managers to gain confidence. With $8bn in foreign portfolio investments, coupled with continued inflows thanks to the fact that India is surging ahead of its emerging market peers, the Nifty50 is just 400 points away from its all-time high.

I think AI will expand the market. It is the same way the mobile phone that you are carrying expanded the telecom market.

​This signifies people holding a short position on stock have decided to close their position. And further, the traders buy back the shares that they initially took positions in to short-sell.​

On the technical charts, the RSI of the stock stood at 68.24.

The rupee gained 10 paise against the US dollar to trade at 82.30 in early trading Friday on the back of weak dollar and improved sentiment in Asian currencies. The dollar index also fell by 0.08% to 103.47 against a basket of major currencies, and Brent crude futures rose by 0.65% to $74.76 per barrel. Strong data from the US and Eurozone supported risk-on sentiment and positive macroeconomic data in India also helped the local unit. Manufacturing activity in India rose to a 31-month high in May.

Top brokerage firms have given their recommendations on Grasim Industries, Bajaj Finance, MCX, and Hindustan Zinc. Morgan Stanley has given an overweight rating to Grasim Industries, achieving a target price of Rs 1910. Jefferies has recommended a buy rating for Bajaj Finance with a target price of Rs 8310, while Morgan Stanley has retained its underweight rating on MCX with a target price of Rs 1125. Motilal Oswal has kept a neutral rating on Hindustan Zinc with a target price of Rs 300.