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Promoters held 59.43 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 24.19 per cent and 3.47 per cent, respectively.

"Nifty is now 20x 1-year forward - higher than the past 10-year average, but relative to EM (ex-China) the premium at 67% is only somewhat higher than the historical average. Also, on a PEG basis, the Indian market appears reasonable," said Jefferies.

The stock quoted a 52-week high of Rs 932.35 and a 52-week low of Rs 690.9.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Ashi Anand says: “Timing when the markets will turn and when largecaps will start delivering more than small and mid, is very difficult. But the danger with investing in smallcaps at this point in time is that when markets turn, what you have seen historically is that when small caps fall, they can fall very, very sharply and at very low liquidity. So you may not be able to get out.”

Vinay Paharia says: The share of financial savings in Indian household savings has been on the rise at the expense of physical assets over the past few years. This has been a key factor for the rise in DII inflows and this structural factor is expected to continue over the medium to longer term. FII flows, on the other hand, would be a function of multiple factors, including global interest rates, liquidity conditions and relative attractiveness of India versus other investment destinations.

The Nifty future closed negative with losses of 0.26% at 21830 levels on Monday. India VIX was up by 1.24% from 14.50 to 14.68 levels. Volatility was slightly down and has been cooling off in the last three sessions.

After a stellar 20% return in 2023, several money managers are entering into the New Year with a “cautiously optimistic” tone.

From the Sensex stocks, UltraTech Cement, HUL, ICICI Bank, SBI, and Wipro opened in the red, while Tata Motors, Nestle, Sun Pharma, Power Grid, and Titan opened with gains.