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“If we see any minor correction in the names like Ambuja, that would be a good entry because having seen this kind of capital infusion and the expansion plans because of a huge amount of interest in this name both from institutional investors as well as retail, another 5-10% correction in Ambuja would be a good entry point for short and long-term investors.”

A total of 29,242 shares changed hands on the counter till time (IST).

The Relative Strength Index of the stock stood at 62.03 on Wednesday.

ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 59586.12 Crore) operating in Financial Services sector.

Based on the ideas of Graham, a custom screen made by MarketSmith emphasizes securities that are cheap on a PE and price-to-book basis but still show signs of financial stability.

XRP was a standout gainer with a 9 per cent rise, whereas Dogecoin, Shiba Inu and Cardano added 2 per cent each. Bitcoin, Polygon and Avalanche dropped over a per cent each.

"While picking a new stock , we go through are a) Revenue growth expectations, b) industry growth and competitive scenario, c) management quality and history, d) return ratios (ROCE, ROE), e) cash flow generation (CFO/EBITDA) and allocation and its f) valuations (on absolute and relative basis). We take utmost care that we do not overpay for growth."

Crucial support for the index is placed at 17400 levels and a break below this level could take Nifty50 towards 17000, suggest experts. The highest new open interest (OI) addition was seen at 18000 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 16500 for Puts in monthly contracts.

CSB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

“I have been following a not so disciplined asset allocation because of restrictions of my job, but I have diversified myself in equity, real estate, gold and fixed income. I am largely an equity investor but I have exposure in all the asset classes. I am not able to move from one asset class to another as freely as I would have loved because of the restrictions of my job.”