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A total of 167,876 shares changed hands on the counter till 02:09PM (IST)

“As a management team, we decided that given that it is a long-term compounding story, the markets will remember us for having a successful issue more than optimising value at this point in time. We have priced well and that is reflected in the quality of the anchor book that has been created, the number of long only funds – both domestic and foreign – which have come into the issue. We hope to see that through the main book and the rest of the issue.”

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.