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​There could be periods of the market in which you want to be 100% momentum and that will be the best strategy to run with at other points you might want low volatility, that will be the best strategy to run with.

The stock quoted a 52-week high price of Rs 30710.15 and low of Rs 23500.15.

See, when it comes to FMCG, look at Britannia, from 2010 to 2020, what went right was expanding the distribution network and what is going right for Varun Beverages just now also is expanding the distribution network.

The Nifty Pharma index was trading 1.36 per cent at 21849.90.

On the technical charts, the RSI of the stock stood at 48.89.

A total of 3,987 shares changed hands on the counter till time (IST).

The stock traded at a P/E multiple of 33.73, while the price-to-book value ratio stood at 5.13.

Market expert Sunil Subramaniam predicts that the Nifty will stay around 22,500-23,000 by year-end. He cites strong domestic fund support as the reason. While foreign investors are selling, domestic investors are buying the dip. Subramaniam expects market volatility but not a major correction. He recommends buying dips in the consumption sector.

Shares of Sula Vineyards fell 7.4% after reporting a 27.3% YoY decline in Q2 profit and a 1.2% revenue dip, despite strong performance in its Elite & Premium portfolio.