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Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. >> For more such web stories click on the ET icon below.

Global brokerage houses such as CLSA maintained a Buy rating on M&M, while Motilal Oswal has a Buy call on Tata Consumer, and Morgan Stanley raised the target price for Axis bank post Q3 results.

In the December quarter, FIIs increased their shareholding from 6.5% to 11% sequentially while mutual funds have also doubled their investment to own 4% stake in FSN E-Commerce Ventures, which runs Nykaa. Last month alone, mutual funds are estimated to have bought Nykaa shares worth over 400 crore, according to PRIME Database.

Promoters held 59.4 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 25.16 per cent and 2.75 per cent, respectively.

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 196458.01 Crore) operating in Cement sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 2395.45.

ET had reported in November 2021 that SAMHI was in talks with distressed assets investor Cerberus Capital to raise Rs 1,000 crore in structured debt. The proceeds would have been used to repay the company’s existing loans. At that time, SAMHI had a consolidated debt of about Rs 2,200 crore.

The Nifty Pharma index was trading 0.36 per cent down at 12673.25.

A total of 19,511 shares changed hands on the counter till 01:48PM (IST).

Since November 2022, the stock has remained in pressure and is currently oscillating around a 20-month EMA. The stock may witness near-term volatility, as its quarterly result is scheduled on 24th January 2023.