Aarti Drugs surged 9.72% to Rs 749.50 after the company's board approved a proposal to buyback upto 6 lakh equity shares of the firm at Rs 1000 each.
The PE of the stock is 24.38 based on TTM earnings ending December 20.
Nifty FMCG index of which ITC Ltd is a constituent, has risen around 2.85% in last one month
On the BSE, 821 shares rose and 1905 shares fell. A total of 179 shares were unchanged.
Rising bond yields, a surge in Covid-19 cases, a robust IPO pipeline are among some of the key factors that have been weighing on market sentiment.
The market breadth, indicating the overall health of the market, was weak. On the BSE, 668 shares rose and 1832 shares fell. A total of 126 shares were unchanged.
Initial public offerings of speciality chemicals manufacturer was subscribed a whopping 106.79 times on the last day of subscription on Wednesday
The initial public offer of specialty chemicals company was subscribed 44.06 times on the last day of bidding on Tuesday.
The US central bank showed an optimistic view about the outlook for the American economy, but Federal Reserve Chair Jerome Powell cautioned a full recovery remains far off.
Power Finance Corporation Ltd lost 7.85% today to trade at Rs 121.55. The S&P BSE India Infrastructure index is down 3.54% to quote at 213.26. The index is down 2.76 % over last one month.