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The stock quoted a 52-week high price of Rs 3698.5 and low of Rs 2334.35.

“After UPL splits, there will be four very clear companies dealing with domestic agrochemicals, international agrochemicals, a global seed company and manufacturing. In three of these companies, foreign investors are coming in and the corporate governance issues seen historically are going to get addressed. These are some of the areas where the stock is still cheap at 10 or 11 times FY24 numbers. There are a lot of places where there is value in the market.”

The acquired brands are well established and recognized among doctors and other members of the medical fraternity in Brazil for their reliability, safety, and trustworthiness,” said Alexandre Franca, Managing Director, MedQuímica.

Earlier this month, the company had sub-divided its equity shares in 1:2 ratio. The stock with a face value of Rs 10 each was divided into two shares with a face value of Rs 5 each.Dev Information Technology is an ITeS company, providing digital transformation to its customers, leveraging its expertise on cloud, automation, and data.

Promoters held 50.73 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 19.21 per cent and 9.18 per cent, respectively.

A total of 105,530 shares changed hands on the counter till 12:44PM (IST)

Bitcoin was holding the $16,000 mark while Ethereum continued to march towards $1,200 once again. Market participants were seen in no hurry to buy tokens at lower levels, awaiting more bad news.

The Nifty Bank index was trading 0.56 per cent up at 43259.8.

The stock rose more than 9% in a week and over 10% in a month. It has rallied more than 20% in the past 6 months. In terms of price action, the stock is trading well above the short- and long-term moving averages of 5,10,30,50,100 and 200-DMA which is a positive sign for the bulls.

For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1756.69 Crore, down -10.51 % from last quarter Total Income of Rs 1963.06 Crore and up 9.15 % from last year same quarter Total Income of Rs 1609.36 Crore.