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The stock quoted a 52-week high of Rs 2306.15 and a 52-week low of Rs 1220.2.

The company may consider a pre-IPO placement of equity shares aggregating up to Rs 185 crore. If such placement is undertaken, the fresh issue size will be reduced.

A total of 4,249 shares changed hands on the counter till 02:14PM (IST).

“I see a roadmap of production cuts in China for at least the next six months.”

Other than the four Nifty50 names, stocks such as Berger Paints, Escorts, Mindtree, InterGlobe Aviation, Mphasis, Coforge and Pidilite Industries have sent bearish signals. Bajaj Electricals, Apollo Pipes, Timken India and Century Enka and MSTC are some other stocks on the bearish list.

“I am on the sceptical boat right now and I am wondering how long all news can be good news? Even events like Evergrande seems to be getting converted into good news today.”

The stock quoted a 52-week high price of Rs 1823.0 and a 52-week low of Rs 1405.45.

“Among Indian textile companies, we like Indo Count and KPR Mill.”

A total of 18,710 shares changed hands on the counter till 01:43PM (IST)

The proposed sale of equity shares by Aditya Birla Capital and Sun Life India in the IPO will together constitute up to 13.50 per cent of the paid-up share capital of Aditya Birla Sun Life AMC.