On the other hand, PSU stocks and banks have been laggards - with ONGC, Indian Oil, IndusInd Bank, and Coal India delivering the worst returns.
According to the fund's profile, its top holding as of July 31 was drugmaker Divi's Laboratories Ltd., which has gained more than 70% in 2020
Shares of Zee Entertainment Enterprises fell 3.7 per cent and that of Bharti Infratel ended flat. The two companies will be removed from the bluechip index
Over Rs 650-cr selling in Zee, Infratel
The near term upside, however, is limited given the sharp stock price run up
For the quarter ended June 2020, Divi's Lab reported a net profit of Rs 492.06 crore on account of robust sales.
Bharti Infratel and Zee Entertainment Enterprises will be dropped from the Nifty 50, NSE Indices said in a statement
Margins to get better once supplies start from expanded capacities next year
The company had posted a net profit of Rs 291.97 crore for the same period previous fiscal, Divi's Labs said in a BSE filing
The company had posted a net profit of Rs 403.72 crore in the July-September period of 2018-19.
The second largest pharma player by market value is also expanding capacities to push earnings
According to Divis latest annual report, Murali Divi, the promoter-executive,was given a hike of 46.3 per cent in his remuneration over the previous fiscal
The company said the raids were conducted by the officials of Income-Tax Department under Section 132 of the Income-Tax Act
The stock hit a new high of Rs 1,574, up 3% on the BSE today.
Analysts have upgraded estimates on supply disruption, weak rupee
The stock was up 4% to Rs 1,213 on the BSE in early morning deal, trading close to its 52-week high of Rs 1,220 touched on May 11, 2018.
The USFDA releases a copy of the EIR to the establishment that was the subject of an FDA inspection
The stock surged 21% to Rs 1,117 on the BSE in early morning trade on back of nearly four-fold jump in trading volumes.
The stock trading at its highest level since December 23, 2016, has outperformed the market by surging 47% in past one month, as compared to 4% rise in Sensex.
Positive outcome of ongoing plant inspection can lead to more gains