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The stock traded at a P/E multiple of 63.74, while the price-to-book value ratio stood at 7.18.

A total of 111,804 shares changed hands on the counter till 01:58PM (IST)

“Most of the uninformed investors end up riding into the late stage of the euphoria and that is where they end up losing money. People should not participate out of FOMO. Market gives enough time and opportunity to every investor and there is a huge amount of money to be made through different sorts of styles. We should be invested in India. We will make lots of money.”

The removal of indexation benefit from debt funds has created a level playing field between debt funds and fixed deposits (FDs). Despite the change, the high interest rate environment provides attractive fixed income options for investors. For investors with short- to medium-term horizons, arbitrage funds are low-risk, provide stability and are tax efficient. For the medium term, debt funds are a better option than FDs due to their liquidity and potential to provide better returns. For investments greater than four years, public provident fund, traditional insurance plans, and debt funds offer flexibility and security.

A total of 128 shares changed hands on the counter till 12:09PM (IST)

The stock traded at a P/E multiple of 6.8, while the price-to-book value ratio stood at 0.83.

Piramal Enterprises has sold its entire 8.34% stake in Shriram Finance via block deals, worth INR 4,630 crore, marking another significant deal in the financial services sector. Shares of Shriram Finance hit their fresh one-year high and were locked in a 15% upper circuit on NSE, while shares in Piramal Enterprises were up 12% in the opening trade. Shriram Finance has emerged as the largest non-banking financial company in India, with AUM of INR 193,730 crore, according to a Crisil report.

Varun Beverages, Pepsico’s second-largest franchise outside of the US, has seen a significant increase in share prices. The company is the only one belonging to the Nifty FMCG index that has garnered multibagger returns in just one year. Such strong figures have been attributed to consistent earnings growth upgrades, near-monopoly positions in the beverages industry, the expansion of distribution reach and executing capabilities. The company has recently commissioned a manufacturing unit in Bihar and has incorporated a subsidiary in South Africa to expand its reach further. Despite the bullish sentiment, some analysts remain cautious.

​We are a little overbought at these levels. 18,900, 19,000 is a point of resistance. So I do not think large caps are going to do anything special but this mid-cap, small-cap rally, I think, is going to continue.

I do believe that the last 18 months was all about playing 20-20 in the markets. You had to take those bets over few weeks to few months and if you did not get out, you were on the receiving end very-very quickly, so that was the last 18 months.