The company has earmarked an aggressive capex of around Rs 2,000 crore over next two years in order to take a chunk of around $20 billion opportunity of APIs going off-patent over FY23-25.
Nifty 50 is back to 18,000, still half of Nifty 500 stocks trade below 200-DMA
It would be advisable to trade longs with trailing stop loss. Support for the index is seen at 15,800.