Shares of Mankind Pharma Ltd. and Nexus Select Trust hit record high on Monday after FTSE Global Index included them to its various indices.
FTSE added Mankind Pharma to All-World, Large-Cap, Total-Cap and All-Cap indices post their latest quarterly review December 2023, the London-based stock exchange said in a release.
Mankind Pharma's stock rose as much as 5.72% during the day to Rs 2,030 apiece on the NSE. It pared gains to trade 5.5% higher at Rs 2,025.70 apiece, compared to a 0.06% advance in the benchmark NSE Nifty 50 as of 10:43 a.m.
The total traded volume so far in the day stood at 3.6 times its 30-day average. The relative strength index was at 77.15.
Seven out of the 13 analysts tracking Mankind Pharma maintain a 'buy' rating on the stock, four recommend a 'hold' and two suggest a 'sell,' according to Bloomberg data.
Nexus Select Trust was included in FTSE's All-Cap, Small-Cap and Total-Cap indices.
Nexus Select Trust rose as much as 2.38% during the day to Rs.133.50 apiece. It pared gains to trade 1.78% higher at Rs 132.72 apiece, compared to a 0.06% advance in the benchmark NSE Nifty 50 as of 10:48 a.m.
The total traded volume so far in the day stood at 6.7 times its 30-day average. The relative strength index was at 66.72.
Nine out of 10 analysts tracking Nexus Select Trust maintain a 'buy' rating on the stock and one recommends a 'hold,' according to Bloomberg data.
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