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The quota for qualified institutional buyers was subscribed 67.14 times, while the one reserved for non-institutional investors and retailers was subscribed 17.86 times and 4.63 times, respectively.

The stock quoted a 52-week high price of Rs 440.75 and a 52-week low of Rs 206.1.

“In our view, the point at which the job market in the US starts to show pressure, and company management begins to talk about weak order flow would be a good time to take a fresh look at this sector,” he says.

There may not be one, or even any right answer, to the questions above. Nevertheless, you need to put some thought to profit-booking and a systematic approach may well turn out to be the most productive.

The company has slashed its issue size and is likely to raise about Rs 950-1,000 crore through its initial stake sale. However, the company earlier was eyeing to raise about Rs 1,200-1,400 crore via its IPO.

"The market took cues from the U.S. market and was down earlier, but there was demand for buying on dips mainly from retail investors," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.

Hindustan Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 31931.52 Crore) operating in Gas & Petroleum sector.

A total of 10,650 shares changed hands on the counter till 01:35PM (IST).

As of 30-Sep-2022, promoters held 0.0 per cent stake in the company, while FIIs held 37.27 per cent and domestic institutional investors had 32.58 per cent.

Investors are expecting that after the joint entity of LTIMindtree can replace PSU refinery BPCL in the headline index. "As per our best understanding of the existing methodology, we do not expect LTI