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As of 30-Jun-2022, promoters held 0.0 per cent stake in the company, while FIIs held 12.81 per cent and domestic institutional investors had 7.04 per cent.

Shares of Denso, a major supplier to Toyota Motor Corp, slipped 5.2% after the company lowered its operating profit forecast for the current business year by 14%.Toyota edged up 0.56% but rival Honda Motor fell 1.43%. Hino Motors lost 6.53% and Mitsubishi Motors dropped 5.74%.NEC fell 7.47% to become the worst performer on the Nikkei after the computer maker posted a quarterly loss.

After seeing record high FII outflows in June ($30.7 billion year-to-date), the number has tapered for July so far. RBI has been intervening aggressively in the spot and forwards market to ensure orderly depreciation of rupee, BofA Securities said.

Amit Jatia, Vice-Chairman of Westlife Development, said, “Our business performance in the last three quarters is a testament to the robust strategy we have been following as well as the trust and love we have managed to build for our iconic brand. We are proud to report our strong performance which reinforces the strength and resilience of our company."

The Nifty Pharma index was trading 0.49 per cent down at 12598.7.

“One can have a standalone debate on whether the compensation of a particular CEO of a particular organisation is justified or not, but there is a problem linking it to that of an entry level salary. Let me explain why. This alludes to the fact that India has a huge employability issue and a skill issue at the entry level.”

The stock quoted a 52-week high of Rs 2379.0 and a 52-week low of Rs 1513.3.

Share of the pharma major fell about 4 per cent in the first one hour of the trade on Friday. Experts see concerns over the US business, as well as, pressure on operating performance as key drags. Despite near-term headwinds, most brokerage firms maintained their rating and target prices but slashed earnings per share (EPS) estimates for FY23-24.

Gold prices gained after US Federal Reserve chair Jerome Powell signalled the central bank could slow the pace of rate hikes in coming months, said ICICIDirect in its morning report.

A total of 993,156 shares changed hands on the counter till 11:37AM (IST).