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Twice in October, Evergrande narrowly averted catastrophic defaults on its $19 billion worth of bonds in international capital markets by paying coupons just before the expiration of their grace periods.

The stock quoted a 52-week high price of Rs 3533.3 and low of Rs 1982.45.

The stock quoted a 52-week high of Rs 385.75 and a 52-week low of Rs 91.7.

“India had a very strong rally across the board but it is time to get more selective.”

Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 17984.24 Crore) operating in Gas & Petroleum sector.

Long-term investors, who wish to bet on digitisation of payments, investments & financial solutions, and are willing to ignore likely losses and tough competition in the foreseeable future, could look to subscribe to Paytm IPO.

The Relative Strength Index of the stock stood at 51.27 on Monday.

Promoters held 54.8 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 25.53 per cent and 10.33 per cent, respectively.

Sapphire Foods has been making losses for the last few years but analysts seem to be bullish on its prospects. They suggest investors should subscribe to the issue as it is available at a comparatively lower valuation.

A total of 70,281 shares changed hands on the counter till 12:44PM (IST).