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A total of 222,571 shares changed hands on the counter till 10:26AM (IST).

The stock traded at a P/E multiple of 16.35, while the price-to-book value ratio stood at 2.7.

Ahluwalia Contracts (India), incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 3383.21 Crore) operating in Construction sector.

Due to rollover activity and the quarter-ending week, we believe next week will remain volatile and defensive sectors like pharma and FMCG may remain in limelight. However, relatively high shorts are seen among energy, metal heavyweights, which may stay under pressure

Debt mutual funds are still attractive as they allow tax deferral, diversification and on-demand money access, says Dhirendra Kumar, CEO of Value Research. Changes to the tax bill mean any returns from mutual funds or bank deposits will be considered taxable income. The advantages of PPF, post office or MIP schemes are their assured returns, unlike mutual funds. Long-term fixed income investors should opt for safe, low-risk vehicles

The stock will likely go through a period of time correction, BofA said. The global investment sees a lack of meaningful catalysts in the near term that could boost the stock price. Estimates for M&M are 10-12% below the street. The global investment banks also see uncertainty on the farm business outlook.

On the verge of breaking above its bullish poll andflag pattern. Stock is poised for a quick 7-8% rally.

The recent changes to the taxation of debt mutual funds in India could discourage long-term investment, says Arnav Pandya, founder of Moneyeduschool. The lack of clarification as to whether the new rules apply to investments made before 31 March has led to concerns that investors could be hit with unexpected tax bills. SWPs remain a good way to reduce tax liabilities, Pandya said, but doubts remain over whether the negative impact on fixed-income products could steer investors away from mutual funds.

Minneapolis Fed President Neel Kashkari on Sunday said officials were watching "very, very closely" to see if the banking stress led to a credit crunch that threatened to tip the economy into recession.

Breakout above its falling 200 DMA after a gap oftwo years adding to the bullish conviction.