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A total of 77,554 shares changed hands on the counter till 02:15PM (IST).

Nomura further stated that it maintains its view that Butterfly commands higher gross margins (36.3% in 9MFY23) than Crompton (31.1% in 9MFY23), but its EBITDA margins (10.2% in 9MFY23) are depressed due to higher overhead and marketing costs.

​​Similarly, a framework built on the assumption that both debt and equity markets cannot correct by double digits in any given year would face difficulty operating in 2022, when both components of the famous 60:40 portfolio fell by double digits for the first time in a century.

Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.

​Retail investors will not be able to buy or sell shares from Friday, March 31 unless they make the nominee updation, or declare opting out of making a nomination, in their trading and demat accounts.

The Indian equity market is currently oversold, offering good opportunities for long-term investors to enter, according to Naveen Kulkarni, CIO at Axis Securities. He said midcaps and smallcaps could deliver strong returns over the next 12 to 18 months, provided quality companies were chosen to invest in. Kulkarni also recommended buying into private banks, adding they were in a strong position and growth would pick up over the next few years. Finally, he said Reliance Industries stock was currently undervalued, and suggested purchasing it for potential 15% returns over a year.

Motilal Oswal is a financial services company offering financial services across retail and institutional broking, private wealth management, investment banking, private equity, asset management, and Home Finance. The company is based out of Mumbai.

In the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it is expected to receive.

"The Board has approved issuance of unsecured redeemable non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, in accordance with the approval granted by the shareholders of the Corporation at the 45th Annual General Meeting held on June," HDFC said in a filing.

The stock traded at a P/E multiple of 38.93, while the price-to-book value ratio stood at 27.81.