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Indifra IPO is a fixed price issue of Rs 14.04 crore. The IPO is entirely a fresh issue of 21.6 lakh shares. The issue will end on December 26, Tuesday. The allotment of shares will likely be finalised on December 27 while the shares are expected to get credited on December 28, Thursday.

Mileen Vasudeo says: “Unless and until, Nifty breached 20,850 which was last week’s low, there is a fair chance Nifty is likely to head higher to test the levels of 21,500 to 21,800 levels. So we are bullish on Nifty and we have a stop loss of 20,850 in the Nifty. Bank Nifty saw a good recovery yesterday and now we could see some buying back coming in the latter half of the session.”

The stock traded at a P/E multiple of 19.69, while the price-to-book value ratio stood at -11.79.

Berkshire purchased the shares between Dec. 19 and Dec. 21 for about $312.1 million, with its stake in Occidental totaling to 27.7%, a filing with the U.S. Securities and Exchange Commission showed.

Sandip Sabharwal says: “Stocks like HAL, BEL or stocks even in the ship building space, should do well longer term because the revenue visibility is so great that they will ultimately keep on performing. If you own them, you should not be selling. But if you do not own, you should wait for some bad days of the market when there are corrective moves and there are sudden sell-offs to add.”

As of 30-Sep-2023, promoters held 50.05 per cent stake in the company, while FIIs held 7.1 per cent and domestic institutional investors had 12.52 per cent.

Devina Mehra says: “We want to track the FII flows is because we think it determines the direction of the market. But if you actually look at data over years, over months, whatever cut you want to take, the FII flows have very little correlation with the market movement, in fact, none at all. I mean, this was the case even when the domestic mutual fund and the domestic retail investor community was not that large. ”

Sameera Agro IPO is looking to raise Rs 62.64 crore. The issue is entirely a fresh issue of 34.8 lakh shares. The issue will end on December 27, Wednesday. The allotment of shares will likely be finalised on December 28 while the shares are expected to get credited on December 29, Friday.

A total of 4,663 shares changed hands on the counter till 01:40PM (IST).

On the technical charts, the RSI of the stock stood at 57.13.