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Brokerage firms were majorly positive on the issue, suggesting to subscribe to it, considering the business model. However, a few analysts were skeptical over the company’s business due to rising competition and rich valuations.

Post-acquisition of Magma Fincorp, the Poonawalla group has strengthened its leadership team, accompanied by reorientation of the customer mix, realignment of the product suite, and implementation of stringent credit policies.

As of 30-Sep-2022, promoters held 51.2 per cent stake in the company, while FIIs held 11.8 per cent and domestic institutional investors had 3.79 per cent.

Indian Oil Corporation, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 110851.72 Crore) operating in Gas & Petroleum sector.

Secondly, we must remember the fundamental principle of finance that risk and return go hand in hand. We are constantly trying to achieve that ideal point where the return on investment is highest.

A total of 43,323 shares changed hands on the counter till 10:26AM (IST)

The stock is also moving above all the major averages which is a good sign for an upside move. One can buy the stock at the current level and more on dips of 140 with a stop loss of 129 on a weekly closing basis.

"We were quite positive on real estate and the stocks really did not do well despite the sales. I could sense that there are two things which the market is worried about. Last year, big inflation came through in cement and all kinds of building materials which go into building a house and that would probably be the only reason of concern which I could figure out. Apart from that, the sector outlook is really healthy and it is again representative of the rich men’s consumption which is really booming in India. "

Shares of GM Polyplast will trade ex-bonus in the ratio of 6:1, implying eligible shareholders will be getting six shares for every one share held. Ahead of the ex-bonus date, shares of the company ended lower by over 2% at Rs 1210.

Promoters held 51.14 per cent stake in the company as of 30-Sep-2022, while FIIs owned 15.99 per cent, DIIs 25.58 per cent.