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The Securities and Exchange Board of India (SEBI), in a court filing, said it has already approached eleven overseas regulators for information to examine if the Adani group had violated any norms regarding its publicly available shares.

As of 31-Mar-2023, promoters held 51.14 per cent stake in the company, while FIIs held 16.42 per cent and domestic institutional investors had 20.07 per cent.

Anand Rathi has given a buy call on Sharda Cropchem Ltd. with a target price of Rs 625.0, while the current market price of the company stands at Rs 502.9. Sharda Cropchem Ltd. is a Small Cap company in the pesticides/agrochemicals sector and has a market cap of Rs 4539.44 Crore. Despite the current global demand challenges, Sharda Cropchem Ltd, with its unique business model, good registration pipeline, and expanding product range in each region, is confident of its future performance.

​With our open approach to investing, we thought why not consider them. But if you look at as a percentage of our assets under management, they are negligible. So, while the market talks about our investing in them, if you look at the absolute percentages of our corpus, they are very-very small. But yes, we are willing to look at them. I do not see why we should not look at them if they come at reasonable valuations.

The Relative Strength Index of the stock stood at 63.3 on Monday.

The Sensex-30 derivatives are made up of 30 of the largest and most actively traded companies on BSE.

A total of 3,127 shares changed hands on the counter till 12:36PM (IST).

I believe that getting enabling resolution will help raise funds for the group. So I am very sure that they would have scoured the market for interest. And once on gaining the interest, only they would have gone ahead with this enabling resolution.

​So overall I think we remain a very strong growth story from an overall perspective. Having said that, in the last two quarters what has happened is that in the developed markets, particularly US and Europe, we saw some headwinds with respect to the macroeconomic conditions and we have also calibrated a very clear turnaround plan so that this year FY2024, we can deliver around 20 to 25% organic growth going forward as well.

​So I think that growth for some reason in India is getting underestimated, especially on the industrial production side. In the global context also, I think things are stable so that helps India.