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Yesterday, it was reported that IndiGo promoters have put 1.56 crore shares on block and the floor price for the sale is Rs 1,875 a share. The deal was estimated to be worth $350 million with Goldman Sachs as the broker. As of December 2022, promoter and promoter group entities held about 72% stake in the company that owns IndiGo airline.

“IT is now a market performer if not marginal outperformer for many of the frontline companies. Overall, the earnings season has been particularly good in terms of surprises on the upside. In fact, downgrades were reasonably large and merit attention. One has to keep focus on the sectors where growth is expected and that will keep banks among the large ones.”

The stock quoted a 52-week high of Rs 3698.5 and a 52-week low of Rs 2352.95.

Analysts said that a favourable global backdrop and FII buying can sustain the rally but breaking the 18,200 Nifty resistance would be tough.

Buying demand emerging at the rising demand line joining last two months lows and 50 day EMA signaling continuation of up move.

FII holdings in Nykaa rose to 11.06% at the end of December quarter from 5.98% in the March quarter. Mutual funds have taken their overall holdings to 4.06% at the end of December from 2.0% in March.

The Nifty Pharma index was trading 0.56 per cent up at 12306.2.

Also bring in FY25 forecast and, while the brokerage still remains positive despite the sharp cuts, reckon recovery is firmly delayed by a year; roll over to FY25 forecast and retain BUY with revised TP Rs130, based on unchanged 35x FY25 EPS.

Repco Home Finance, incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 1349.14 Crore) operating in NBFC sector.

Promoters held 29.33 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 47.94 per cent and 10.2 per cent, respectively.