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The company has fixed March 2 as the record date for both the stock split and bonus issue, but later extended it by a day to March 3 as it said it needs at least a working five-day gap from the date of EGM.

The stock quoted a 52-week high of Rs 2784.95 and a 52-week low of Rs 1659.25.

Cipla, incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 72606.20 Crore) operating in Pharmaceuticals sector.

“The market is moving towards technology-based trading and the kind of model or the logic framework that given the opportunity which is there in the market – both options as well as the normal market – is where I am really inclined. There is going to be a big headway because of the new norms that Sebi is going to come out with and the fact that they can have good returns irrespective of the market.”

The Nifty Realty index was trading 1.31 per cent up at 398.35.

The Relative Strength Index of the stock stood at 40.81 on Wednesday.

The steep jump in those payouts has reduced the incentive for investors to take risks, marking a break from the post-financial crisis era when persistently low interest rates drove investors into increasingly speculative investments to generate bigger returns. Such short-term securities are typically referred to as cash in investing parlance.

The RSI oscillator is also moving in an upward zone indicating further upside from here. One can buy at the current level and more on dips to Rs 290 levels with a stop loss of Rs 270 on a weekly closing basis.

“The good part is that investment growth is quite decent and to that extent, we should be positive about the fact that the investments are still happening even though there is a bit of sluggishness and sluggishness in consumption. However, 7% growth for FY23, may be scaled down to 6.8%.”

“When we come to CY2022, and you are basically dealing with quite a bit of base effects. So I think in that context, 4.4% on sequential terms will still leave us with a pickup rather than a contraction. Going ahead, we should be on the supply side watching for farm output and the risk thereof. We expect services to gradually pick up. Of course, everywhere that reopening boost, the pent up demand, all of that accounts continue to dissipate.”