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Chemplast Sanmar Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 1187.55 Crore) operating in General sector.

“IT and banking are the two sectors which are looking good from a risk reward perspective and post corrections, we like most of the tier I names in the IT space. It is very difficult to look at shorts at this point of time and with the kind of decline that we have seen, we are expecting a relief bounce.”

Sheela Foam Ltd., incorporated in the year 1971, is a Mid Cap company (having a market cap of Rs 15425.12 Crore) operating in Consumer Durables sector.

The biggest cut was seen in the most FPI-heavy stock HDFC, which saw a 295 basis points drop in FPI stake sequentially to 69.19 per cent. The investor class has cut its stake by 359 basis points in the HDFC group firm in the last four quarters.

As of 31-Mar-2022, promoters held 74.36 per cent stake in the company, while FIIs held 15.39 per cent and domestic institutional investors had 3.05 per cent.

ICICI Securities said it expects SBI to deliver over 13 per cent core RoE aided by growth build-up, contained credit cost and steady margin profile.

Indian Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.

On the technical charts, the 200-day moving average of the stock stood at Rs 2913.56.

In April, domestic MFs saw total inflows into equity funds declining to Rs 15,900 crore from Rs 28,500 crore in March. Ex-NFOs and ex-ELSS schemes, inflows into equity funds had fallen to Rs 12,500 crore in April from Rs 17,600 crore in March, an ICICIdirect report suggested.

The stock hit a low of Rs 904 earlier this week before recovering marginally. The stock has been under pressure in the short term. It fell nearly 3 per cent in a week, and more than 10 per cent in a month, data from Trendlyne showed.