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Brimonidine Tartrate Ophthalmic Solution is an alpha-adrenergic receptor agonist indicated for the reduction of elevated intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension.

The interim dividend outgo will be Rs 37.66 crore, the company said in its filing to the exchanges. "The record date for reckoning the shareholders who shall be entitled to receive the said dividend shall be Friday, March 31, 2023," the release said.

The IPO comprises a fresh issue of shares worth 12.5 billion rupees ($152.1 million) and an offer for sale of 109.4 million shares, according to the draft prospectus - unchanged from its last filing - dated March 30.

Investors will closely monitor flash estimates of euro zone inflation data, which is expected to show a moderation in consumer price growth in March on a yearly basis.

Mazagon Dock Shipbuilders, incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 13559.62 Crore) operating in Defence sector.

Rajagopal Menon, Vice President at WazirX said, "Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 62.71, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) indicate a Neutral outlook as well at 69.33 and 38.60 respectively.

​ In the fiscal year 2022-2023, the performance of auto ancillary stocks has been impressive. Eight stocks from the sector have seen 50-100% gains over the past financial year.

Incremental rate hikes from these two key central banks will depend on how incoming macro data and financial markets conditions evolve over the next few weeks and months, said Lakshmi Iyer, CEO-Investment & Strategy, Kotak Investment Advisors.

The stock quoted a 52-week high price of Rs 54262.3 and low of Rs 35600.0.

As of 31-Dec-2022, promoters held 63.21 per cent stake in the company, while FIIs held 24.04 per cent and domestic institutional investors had 3.83 per cent.