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A total of 60,776 shares changed hands on the counter till 02:06PM (IST).

On the technical charts, the 200-day moving average of the stock stood at Rs 1166.46.

“ Syngene has signed a 10-year strategic deal with Zoetis in animal health: It was a real piece of innovation from Zoetis and we are delighted to sign the deal which is a strategic one and is in the biologics manufacturing part of the organisation. They should get going with that set up starting this year and then we will start to see it in the P&L much more strongly from next year. It starts the rebalancing of the organisation.”

The Nikkei share average ended up 0.44% at 27,803, topping the six-week high reached the previous day. The broader Topix added 0.21% to 1,950.59.The gains came as the BOJ maintained ultra-low interest rates, compared with a slew of global central banks tightening policies, but it projected inflation this year to be at 2.3%, higher than its 2% target.

“The appreciation in the ITC stock price has little to do with the underlying growth of the businesses, probably still in single digit but it is all about expectations of corporate actions and hopes that there would be demerger of various businesses. I would not want to read anything beyond that.”

The stock quoted a 52-week high of Rs 2587.95 and a 52-week low of Rs 1900.5.

"EBITDA margins in FY2022 were affected by the trend in export sales. With a new distributor appointed earlier this calendar year in the key market of Saudi Arabia, export business is witnessing improvement in sales. This should lead to improvement in EBITDA margins. Overall, we can expect the current financial year to demonstrate improvement in profitability over the preceding year."

PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 45793.08 Crore) operating in Pesticides/Agro Chemicals sector.

The company board is scheduled to meet on August 13 to take on record the results for the quarter ended June 30, 2022, and consider the recommendation of issuance of bonus equity shares, the company said in a regulatory filing.

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