India's Mankind Pharma rises on block deals

Mankind Pharma

10/07/2024 08:41

** Shares of Mankind Pharma  MNKI.NS  rise as much as 5.3%
to 2,214.25 rupees
    ** More than 3.7 mln shares change hands in a block deal on
Wednesday - NSE data
    ** CNBC-TV18 late Tuesday reported, citing sources, Capital
Group affiliate Hema CIPEF is likely to sell 0.9% stake in MNKI
via block deals 
    ** Details of buyers, sellers in block deal will be made
public, post market close
    ** Stock is top gainer in Nifty pharma index  .NIPHARM 
which is down 0.3%
    ** Trading vol 1.4x the 30-day daily avg
    ** Avg rating of 13 analysts equivalent of "buy", median PT
is 2,300 rupees - LSEG data
    ** Stock up 8.4% YTD vs 22.4% rise in Nifty pharma index 




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))