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The total revenue from operations during October-December 2021 grew 2.6 per cent to Rs 3,109.08 crore as compared with Rs 3,029.64 crore in the year-ago period

Investors are cautious ahead of the RBI monetary policy to be announced on Thursday, analysts said.

As we approach Thursday, we will have two things to watch that the markets will react to. First, there is weekly options expiry coming up; and second, is RBI Monetary Policy

“We have added a couple of new generation businesses on the ecommerce side. We have also added a couple of stocks on the IT product side and on the entertainment side.”

The dip in PAT in December quarter is due to higher investments in marketing initiative to support growth in current year and one-time reversal in the base period

Polygon launched a $200 million initiative with Alexis Ohanian’s Seven Seven Six, to back projects at the intersection of social media and Web3.

The company also announced a second interim dividend for the current fiscal at Rs 5.5 per share

The Nifty Pharma index closed 0.93 per cent up at 13570.3.

On an immediate basis, 17,200-17,300 is likely to provide strong support. The levels of 17,600-17,650 could be seen as the primary hurdle, followed by the recent swing high of the 17,800 zone

The stock debuted at a discount on Tuesday but soon reversed as investors saw value in the company’s business. Most analysts were also positive about the firm ahead of the IPO and had given ‘subscribe’ ratings