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“There are two companies in the stable Finolex Cables and Finolex Industries, which are currently headed by cousin brothers. There is an intense fight between the brothers over the ownership of the shares that are held in some trust. Both are at loggerheads and one party votes against the other in the meetings.”

M&M among the largecaps, Ashok Leyland among the midcaps and TVS Motor within the two-wheeler space are the three picks of Girish Pai.

JM Financial Ltd. key Products/Revenue Segments include Fees & Commission Income, Income From Financial Services and Interest for the year ending 31-Mar-2021.

A total of 58,573 shares changed hands on the counter till 10:00AM (IST)

“It seems more likely that the market returns will be a little more calibrated, but there are good themes in the market, earnings momentum continues, and flows remain strong. ”

Broader market indices were trading higher, outperforming their headline peers in morning trade. Nifty Smallcap was up 0.10 per cent while Nifty Midcap advanced 0.07 per cent. Broadest index on NSE, Nifty 500, was up 0.04 per cent.

The 30-share BSE Sensex was up 13.84 points at 60091.72

Elica PB India will become a majority-owned subsidiary of Whirlpool India and its financial statements will be consolidated within Whirlpool India. The transaction is expected to close by the end of September 2021, the release said.

Rashtriya Chemicals & Fertilizers Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 4722.45 Crore) operating in Fertilisers sector.

Housing Development Finance Corporation Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Other Services, Dividend, Fees & Commission Income and Rental Income for the year ending 31-Mar-2021.