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“Being contrarian at any point in time is going to help as will value investing. So if there is value in auto, there is going to be growth and these are the companies which are going to drive the shift to EV as and when it comes. Over the next one year, pharma as a sector is going to throw up a lot of opportunities.”

On Friday, when the FIIs sold Rs 706.84 crore worth of Indian stocks, domestic institutional investors were busy making the most of the correction. NSDL data shows that DIIs were net buyers to the tune of Rs 3,399 crore on Friday.

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Promoters held 74.93 per cent stake in the company as of September quarter, while FIIs owned 0% stake and DIIs held 13 per cent.

Post the completion of this acquisition, Advent intends to explore the merger of its portfolio company, Cohance Lifesciences with Suven, to build a leading end-to-end CDMO and merchant API player servicing the pharma and specialty chemical markets, it said.

“Tech Mahindra would be my stock pick in IT. It’s alliance with British Telecom hits a very sweet spot and Tech Mahindra perfectly fits the bill with hardly any downside. Autos are very under owned and the cycle from motorcycle to scooter to Alto and Ertiga is all about aspiration. Samvardhana Motherson International is the mother of all as far as the OEMs go.”

Heavyweight Fast Retailing, owner of the Uniqlo brand, rose 2.0% and chip-making equipment maker Tokyo Electron gained 2.22%. Air-conditioning maker Daikin Industries climbed 1.39%.

With the IPO being oversubscribed more than thirty times, he got an allotment of shares worth over Rs 3 crore. On 23 July 2021, when the new-age stock debuted on exchanges at Rs 115 per share against the issue price of Rs 76 per share, he sent a mandate to his wealth managers to sell all his shares.

Following this, the Adani Group became the single largest shareholder in NDTV after first buying out a company backed by the founders and then acquiring more shares from the open market. “With mutual agreement, we have decided to divest most of our shares in NDTV to the AMG Media Network,” the Roys said in the release.

Out of the cumulative Rs 11 lakh crore garnered till mid-December this year, funds totalling Rs 6.92 lakh crore were mopped up from the debt market, Rs 1.62 crore came from the equity market and Rs 2.52 lakh crore via the overseas route, data compiled by analytics major Prime Database showed.