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As of 30-Sep-2022, promoters held 74.03 per cent stake in the company, while FIIs held 8.42 per cent and domestic institutional investors had 5.09 per cent.

"We are concerned about the potential directives from CCI to the currently approved bidder asking to divest a few plants for meeting market share norms. It may impact the Puducherry plant and its employees," the letter states.

Cholamandalam Investment & Finance Company (CIFC), incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 60831.85 Crore) operating in NBFC sector.

"The China reopening trade maintained its strong momentum in the beginning of this week. The positive headlines continued to fuel risk sentiment in China," said Ken Cheung, Chief Asian FX Strategist at Mizuho Bank.

A total of 44,455 shares changed hands on the counter till 01:34PM (IST)

At 12.59 pm, the stock was trading 3% higher at Rs 2,875 over its previous day’s closing price of Rs 2,792. The scrip has risen nearly 32% in the last month while it has surged about 54% in the last six months.

On the technical charts, the 200-day moving average of the stock stood at Rs 1229.71.

As of 30-Sep-2022, promoters held 55.72 per cent stake in the company, while FIIs held 20.48 per cent and domestic institutional investors had 13.22 per cent.

The sugar firm posted a consolidated net loss of Rs 162.37 crore in Q2FY23 against a loss of Rs 113.01 crore in Q2 FY22. However, its revenue dropped about two per cent to Rs 1,323.40 crore in the same quarter.

Adani Group have led the gainers as 5 out of 7 listed companies from the Gautam Adani led conglomerate are included in this list as their cumulative mcap has jumped by Rs 5.51 lakh crore.