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The scrip traded nearly 13% higher at Rs 6.88 at around 2.21 pm (IST)
Mahindra & Mahindra will be observing 'No Production Days' of around 7 days in its automotive division plants in the month of September 2021.
"Investors should stay cautious at present levels as midcap and smallcap indices have rallied more than 150% since the lows of March 2020."
Jio and Bharti Airtel could gain disproportionately as Vodafone Idea has a significant ~25% market share (255.4m subscribers)
The market watcher is positive on the FMCG index and he also expects some kind of bounce in the pharma sector.
Trading Recommendations: Anand Rathi Shares and Stock Brokers is positive on Zee Entertainment with a target price of Rs 186.
Market experts are of the opinion that as many as 9 companies could raise around Rs 12,500 crore.
Sensex rose 85 points or 0.15% to 57,423 and the Nifty 50 index was quoting at 17,095 advancing 19 points or 0.11%.
The board of mining major Vedanta has approved the first interim dividend of Rs 18.50 per equity share for the financial year 2021-22.
Asian stocks are trading mixed on Thursday as Australia reported a higher-than-expected trade surplus in July.