Advanced Enzyme derives nearly half of its revenue from exports with a sizeable exposure to the US markets. Admitting that this is an 'uncertain time' due to the tariff situation, the company said it will focus on expanding human and animal nutrition segments.
About 443 shares have advanced, 1783 shares declined, and 108 shares are unchanged.
At this juncture it looks prudent on the part of traders to wait for consolidation and some signs of strength as fear factor appears to be dominating on the bourses, said Mazhar Mohammad of Chartviewindia.in.
The momentum is expected to fizzle out in the coming week and higher side profit-bookings are likely to emerge. There will be more buyers who are waiting to enter at around 11,900 levels, said Umesh Mehta of Samco Securities.
Auto, FMCG, metals and PSU banks are the top losers with the indices down over a percent each.
All sectoral indices are trading in the green with the energy index, banks, metals, pharma and infra sectors trading with gains of over 2 percent each.
VA Tech Wabag spiked over 13 percent after surge in volumes. It was trading with volumes of 108,415 shares while BF Utilities jumped 10 percent and was trading with volumes of 211,069 shares.