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CARE Ratings Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1616.37 Crore) operating in Financial Services sector.

“There are some pockets even now where retail participation seems high and there are stocks which do not want to trade at levels that we see everyday. Nonetheless, some fear has set in and that is good from a long-term investment perspective. We believe the auto cycle should turn around over the next two years. We believe the agri sector is showing some promise and we have always had a positive view on the banking sector.”

The Relative Strength Index of the stock stood at 39.89 on Friday.

The stock quoted a 52-week high price of Rs 2587.95 and low of Rs 1686.75.

When one adds a record-high Rs 14.95 lakh crore domestic government borrowing programme lined up in the next year to these contrasting monetary policy drivers, bond traders well and truly have their work cut out.

A total of 10,943 shares changed hands on the counter till 02:05PM (IST)

Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 14.66 per cent and 6.56 per cent, respectively.

Promoters held 43.49 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 35.31 per cent and 1.56 per cent, respectively.

Speculation is rife in the market that Crompton Greaves Consumer Electricals and Havells India are frontrunners in the race to acquire Butterfly.

Analysts have price targets ranging Rs 15,000-20,000 per share, suggesting limited upside potential in Nestle India stock