Indices: Stock market update: Nifty Pharma index advances 0.35% in an upbeat market
The Nifty Pharma index was trading 0.35 per cent up at 15325.7.
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The Nifty Pharma index was trading 0.35 per cent up at 15325.7.
Based on the OI percentage, 81 stocks were on the short-covering list. These included ITC, Granules India, Ipca Laboratories, Lupin, and Atul. A decrease in OI along with a price increase is an indication of short-covering.
Prabhudas Lilladher recommended hold rating on Ipca Laboratories with a target price of Rs 880 in its research report dated August 13, 2023.
The Nifty Pharma index was trading 0.14 per cent down at 15334.35.
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