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The IPO comprises a fresh issue of 60,49,600 equity shares and an offer for sale of 5,99,200 equity shares with a face value of 10 per share. The company intends to use the proceeds from the IPO primarily for acquisitions of companies in similar/complementary areas and working capital for expanding the business

As Managing Director and representative of the Promoter Group of Pricol Limited, I would like to reiterate that the Promoter group stands absolutely committed to the company and its future prospects,” Vikram Mohan, Managing Director of Pricol said.

A total of 5,565 shares changed hands on the counter till 11:23AM (IST)

The brokerage estimates high single digit volume along with 200 bps operating margin expansion in next two years.

"As the Tatas are coming in with such a large order and full backing for Air India, there is going to be a significant competition for IndiGo, that is InterGlobe. SpiceJet, of course, is already in a different zone altogether. So it is better to stay away. InterGlobe already has other issues of continuous pressure on the counter due to sale by one of the promoters and that is going to continue for next four-five years."

"In case we see a lower high and lower close on Feb 17 compared to Feb 16, then the present upmove could be termed as over. 18135-17881 could be the new trading band for the Nifty in the near term," said Deepak Jasani, Head of Retail Research, HDFC Securities.

An analysis of stocks with a market capitalisation of over Rs 500 crore shows that FIIs have raised their bets in these 9 multibaggers that have rallied up to 533% in the last one year.

“ If you are someone who has no time to follow individual stocks, it is very simple, buy an index tracking fund. When the market corrects, buy a fund that tracks the Sensex and Nifty and keep it for 30 years. If the Sensex doubles, you double the money; if the Sensex goes up 5x as it has in the last say 10-15 years, you will make 5x your money. So it is a great thing to do. ”

Peak of red tall bar, failure to sustain and presence ofdownward sloping trendline suggests weakness.

“If you want to trade, then index is not the right product for you. If you want to trade on the Nifty, then you have no choice but to go for the Nifty ETF. But for long-term investors who are basically buy-and-hold investors, the index option makes far more sense than the ETF option.”