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For the year, eight out of 10 stocks have given positive returns but only three stocks have outperformed the index, and five stocks have given double-digit returns in 2022, according to data from ACE Equity.

CLSA had also upgraded Paytm last month saying that cash burn could end in another four to six quarters

Eligible investors will be entitled to get 1 share against every 2 shares they hold in the company

The Nifty Pharma index closed 2.39 per cent up at 12920.4.

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On the lower end, the index may extend the correction towards 18,070; below that, the index may fall towards 17,800. On the higher end, 18,350 may act as critical support, and the market may remain sell-on-rise till Nifty remains below 18,350.

“The last two to three years had been tough for Motherson as it was adversely impacted by company-specific issues followed by a tough operating environment, resulting in the stock underperforming the NSE Auto Index by 62%/72.5% over 1 year/3 years,” the brokerage firm said.

The World Tennis League (WTL), a new mixed-gender team competition, will take place at the Coca-Cola Arena in Dubai from December 19–24, between four teams each with 18 of the top ATP and WTA Tour players.

The 30-share BSE benchmark Sensex tumbled 635.05 points or 1.03 per cent to settle at 61,067. The broader NSE Nifty declined 186.20 points or 1.01 per cent to end at 18,199.10.

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