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Yash Gupta- Equity Research Analyst, Angel One, suggests retail investors to wait for some time and let the dust settle down in the market. Long-term investors may look to add some positions in bank stocks, he added.

The Africa unit’s net finance costs in the March quarter increased 8% on-year but declined 8.2% sequentially to $112 million.

A total of 9,159 shares changed hands on the counter till 01:23PM (IST).

“For equity flows to turnaround, there must be strong signals either on corporate earnings or policy reforms given that the days of easy monetary policy are over. Further, the fiscal stimulus in our context has been limited. Therefore, even on the equity side, there may not be significant inflows.”

As of 31-Mar-2022, promoters held 60.51 per cent stake in the company, while FIIs held 11.28 per cent and domestic institutional investors had 0.86 per cent.

Cipla Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives, Royalty Income and Scrap for the year ending 31-Mar-2021.

The new framework will come into effect from August 1. The BOD margin parameters would include all SPAN margin parameters as well as Extreme Loss Margin (ELM) requirements.

On the technical charts, the 200-day moving average of the stock stood at Rs 4241.41.

“In India we have seen a slowdown in economic growth. We have seen rising oil take its toll on current account conversations for the broader macroeconomic outlook for India. At JP Morgan, we are taking a relatively cautious outlook for India as a whole. However, within that, this bottoms-up analysis is absolutely critical. We still see emerging strength as an example of the real consumer.”

“Price increases have been taken to some extent and there has been an effect on the demand in the smaller T3 and T4 cities to some extent. Some downgrading on products happened in T1, T2 and metro cities to that extent. But overall, the demand conditions have been very healthy and that has been reflected through the double digit growths coming in February and March.”