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Gulf Oil Lubricants India Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 2964.86 Crore) operating in Petrochemicals sector.

"We have not witnessed a reasonable correction for a certain amount of time and so a large portion of those who have entered the market in the last 12 to 18 months, have ended up making money and that has kept things going. But it only takes one bear cycle. "

On the technical charts, the 200-day moving average of the stock stood at Rs 107.28.

Raamdeo Agrawal says he enjoys everything about the market, including a market crash, as he looks at investment as a journey, where each and every experience holds its own lesson.

As of 30-Jun-2021, promoters held 55.99 per cent stake in the company, while FIIs held 17.35 per cent and domestic institutional investors had 13.19 per cent.

The Nifty Realty index was trading 1.18 per cent up at 506.6.

At 09:45 (IST), the share price of HDFC AMC on the National Stock Exchange traded at Rs 2,913, having given up 5.3% from previous close.

The 30-share BSE Sensex was down 461.7 points at 59205.9

A total of 270,861 shares changed hands on the counter till 10:41AM (IST)

The unofficial grey market, often seen as a proxy to the mood in the IPO mart, has been lukewarm in its response to the Birla IPO so far. The stock currently commands a premium of merely 6 per cent to the top end of its price band of Rs 695-712.