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On the technical charts, the RSI of the stock stood at 39.61.

A total of 13,569 shares changed hands on the counter till 02:09PM (IST).

The stock traded at a P/E multiple of 78.27, while the price-to-book value ratio stood at 7.87.

FMCG major Nestle India on Thursday posted a 66% year-on-year (YoY) rise in net profit at Rs 628 crore for the fourth quarter ended December 2022.

Adani Green shares were up 3% on Friday, after losing nearly 70% since a Jan. 24 report by U.S. short seller Hindenburg Research. Adani Power climbed 5%, while Adani Ports and Special Economic Zone was marginally higher

EBITDA before forex declined 15% to Rs 262.82 crore in the third quarter of 2022 from Rs 310.83 crore posted in the same quarter of FY22. EBITDA margin reduced to 16.67% in Q3 FY23 as compared with 21.53% reported in the same period last year

"The promoters have absolutely no intention of undertaking any secondary sale of promoter stake nor does the company have any intent to raising equity capital of any form as the company has strong financial fundamentals and healthy cash profits that will meet the needs of capital for its future growth," Pricol said in a filing.

The stock quoted a 52-week high price of Rs 2864.35 and a 52-week low of Rs 2002.5.

“We believe many of these companies are great businesses, good valuations but have weak owners. Ownership changes will cause volatility in the stock price and one should size the positions well but at the same time it is a good time to look into that space. Many of the brands may be stronger than the strongest of the brands we know of. ”

Shyam Metalics and Energy, incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 7425.40 Crore) operating in Metals - Ferrous sector.