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“We cannot expect the similar kind of returns which have happened in the last couple of weeks. We will have to curtail our return expectations. There can be a reduction in terms of the returns which are coming in in the subsequent period because we already have seen a significant amount of rally during the last couple of weeks.”

The Nifty Bank index closed 0.51 per cent up at 39239.65.

Promoters held 0.22 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 39.18 per cent and 21.42 per cent, respectively.

A total of 340,463 shares changed hands on the counter till 03:14PM (IST)

As per an F&S report, Concord Biotech commands a market share of over 20 per cent by volume in 2021 across identified fermentation-based API products including dactinomycin, sirolimus, tacrolimus, mycophenolate sodium, and cyclosporine. It supplies to over 70 countries including regulated markets such as the United States, Europe, Japan, and India.

“We are not very rich but when the global average is $10000-$12000-$13000, we are at $2,500 and India is supplying manpower to run the best and the biggest corporations in the world. Clearly we have a chance or most likely the way my last 40 years have gone, the next 40 is going to be like that only or may be even more exciting as the world is becoming prosperous.”

The precious metal had closed at Rs 53,111 per 10 grams in the previous trade.Silver also tumbled by Rs 1,592 to Rs 58,277 per kg from Rs 59,869 per kg in the previous trade."Gold prices at MCX witnessed lower openings reflecting overnight fall in COMEX prices," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

The 30-share Sensex advanced 379.43 points to end at 59,842.21. Its broader peer, Nifty50, also ended the session comfortably above the 17,800 mark, led by auto realty and oil and gas scrips.

The Nifty Realty index closed 1.97 per cent up at 452.0.

“Strategically, for our company, this is the key because the largest segment of the industry is a Flexi Cap both in terms of flows and AUM and has been left as a gap by us. After the Principal merger, we left this as a spot so that at the right time we could launch what we will see as in the future the largest and probably the flagship fund for a fund house.”