Mazagon Dock OFS: Mazagon Dock Shipbuilders shares plunged 13% to hit an intraday low of ₹2,207.30 on the BSE on Monday, following the government’s decision to exercise the oversubscription option and offload an additional 1.18% stake in the company via its ongoing offer for sale (OFS).
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.