Although, the company reported weak quarterly and annual results, the share of the company spurt in volume by more than 2.15 times.

This stock is currently available at a PE multiple of 15.77 and an ROE of 30.06, all of which indicate good management effectiveness.

This pharma company stock went 8 per cent high, do you own it?                                                                                                                                                                                                       With its shares up 8 per cent, the Indian multinational pharmaceutical company posted a net profit of Rs 130 crore in the second quarter, while its turnover increased to Rs 4,145 crore.

The domestic markets regained momentum after the recent dip and climbed nearly a per cent, owing to mixed cues.  At close, Sensex zoomed 478.59 points or 0.84 per cent at 57,625.91 level while Nifty was up by 140.10 points or 0.82 per cent at 17,123.60.  

The domestic markets were attacked by bears with Nifty 50 closing the last trading session more than 250 points down at 16,983.55 in the red territory whereas Sensex tumbling up to 900 points, down 1.46 per cent at 57,147.32 level. 

On Friday, Indian equity markets ended on a flat note. Nifty 50 closed the last trading session of the week at 17,314.6 in the red territory, marginally down by 0.10 per cent. Top gainers of the index were Titan, Power Grid Corporation, ONGC, IndusInd Bank and Grasim. 

The weakening global economic environment has spiked up the bond yields and dollar index, which fostered fears of recession. Fading the morning losses, the benchmark indices ended marginally lower with Nifty 50 closing 0.24 per cent down and Sensex ending lower by 0.33 per cent.  

Amid a situation wherein, the investors were cautious and the markets remained choppy, the benchmark indices ended on a negative note with Nifty slipping below the 16,900 level on Wednesday. 

Sensex ended the day 451.03 points higher at the 60,566.16 level. Nifty gained 130.50 points to close above 18,000. About 1,776 shares advanced, 1,600 shares declined while 101 shares were unchanged. 

Going ahead, on Nifty, the level of 18,000 is likely to act as a stiff resistance as the maximum concentration of open interest is seen around this strike on the Call option side with over 73 lakh shares while in today’s session, over 3 lakh shares were added (this data is on a provisional basis).