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“We like Britannia, HUL, Nestle and Dabur in the staple space. In discretionary stocks, we like Asian Paints. Just look at the valuations in these four-five companies. You will miss out on earnings trajectory and EPS improvement which is going to happen over the next two years because most of the pain of rural slowdown and commodity inflation is now behind us.”

Laurus Labs, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 22515.36 Crore) operating in Pharmaceuticals sector.

A study from Nuvama Alternative & Quant Research suggests that on adjustment day, 52% of the time fresh inclusion names have settled flat while 48% of the times they have closed in the red, indicating the higher rebalance volume is matched by the sell flow of event traders and long only fund managers.

Promoters held 53.51 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 42.2 per cent and 2.24 per cent, respectively.

Cenexi, along with its subsidiaries, is engaged primarily in the business of Contract Development & Manufacturing Organisation (CDMO) of pharmaceutical products with expertise in sterile liquid and lyophilized fill finished drugs, including capabilities on oncology and complex products. It has presence across four manufacturing sites in Europe which include three sites in France and one site in Belgium.

Robo trading steps up the game of new-age traders. Simply put, it takes out a major chunk of hard work out of trading and traders can amp up their profitability without having to spend hours evaluating the stocks on their own.

According to data from BSE, investors made bids for 9,06,84,780 equity shares or 11.32 times compared to the 80,12,990 equity shares offered for the subscription by 12.10 pm on Wednesday, November 30.

The stock quoted a 52-week high price of Rs 1081.0 and a 52-week low of Rs 627.8.

For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 855.74 Crore, up 9.06 % from last quarter Total Income of Rs 784.62 Crore and up 3.54 % from last year same quarter Total Income of Rs 826.45 Crore.

“In 2023, as we head into the second half, the market will start making a call on the elections and start pricing that in. So either market participants will change their portfolios depending on what they think is going to happen or purchase a lot of hedges. Something will happen and the second half of next year will be trading around elections rather than earnings.”