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The share price fell after the company reported a weak set of June quarter (Q1FY25) results.
The surge in stock price came after the Mumbai-based company's profit rose nearly 82 per cent year-on-year (Y-o-Y) to Rs 584.5 crore in the June quarter of financial year 2025 (Q1FY25).
The injectable manufacturing company expects the margin pressure to persist due to cost pressures and negative operating leverage.
Top gainers have surged between 50% and 315%, while new-age tech companies, such as Zomato and PB Fintech, have lost half their market value
Top holdings for FPIs at the end of the quarter included HDFC, ICICI Bank and Shriram Transport Finance
According to one analysis, about 6.9% of equity scheme assets were invested in energy firms, close to 12% in IT
Index rises as much as 340 pts only to give up most gains
7 of 10 stocks have seen a significant valuation re-rating in the past three years