Shilpa Medicare raises Rs 500 crore via QIP, plans for future utilisation unclear
Institutions such as ICICI Prudential, Bandhan Mutual Fund, and insurance companies like SBI Life, participated in the QIP
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Institutions such as ICICI Prudential, Bandhan Mutual Fund, and insurance companies like SBI Life, participated in the QIP
Max Healthcare Institute Ltd tanked 7.68 per cent to Rs 734. Shares of KIMS fell 3.23 per cent to Rs 2,182. Narayana Hrudayalaya shares declined 1.66 per cent to Rs 1,311.70.
Shilpa Medicare Ltd. key Products/Revenue Segments include Formulations, Other Operating Revenue, Traded Goods, Power and Export Incentives for the year ending 31-Mar-2022.
The stock hit a fresh record high of Rs 1,468 on February 19, 2024, but witnessed some profit-taking thereafter. However, the technical setup suggests that as long as the stock trades above 50-DMA, bulls should be able to make a comeback.
On Monday, 2062 stocks advanced, 1675 declined and 170 remained unchanged, with an advance decline ratio of 1.23 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Domestic equities prompted buying, notably in the IT sector, as a result of the global market's recovery following a big slump.