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As of 31-Dec-2021, promoters held 54.8 per cent stake in the company, while FIIs held 24.85 per cent and domestic institutional investors had 11.41 per cent.

The stock price is on the verge of breaking out from the symmetrical triangle and has broken out on the monthly chart.

The stock quoted a 52-week high of Rs 727.8 and a 52-week low of Rs 469.75.

“From both growth or a value perspective, financials is a very good space to be in and will create good value over the next few years. The larger players have recapitalised the balance sheets. Credit costs are down and growth is starting to pick up in line with normal GDP growth. Persistent selling by FPIs over the last many months have brought down valuations as well.”

“IT remains a buy and one should hold for the long term. These are very well-run, cash-rich companies with good margins. Coming to reopening trade, both retail and hospitality are expected to do well. They have done well on the hopes of reopening trade. Add to that the entertainment sector that is also expected to benefit but one can definitely look at hotels.”

UTI AMC trades at a valuation of 15.5x FY24E P/E which is at a discount of 40%/28% to HDFCAMC/ NAM’s valuations.

In a filing to BSE, Paytm said it has, from time to time, made all necessary disclosures to stock exchanges within stipulated timeline.

Jubilant Golden Harvest Ltd (JGHL) is a JV between JFL and Golden Harvest Ltd, a Bangladesh-based business group with diversified interests in various sectors, including food, dairy, commodities trading, international QSR, logistics and real estate development.

Hospitality chains including Accor and Hyatt Regency confirmed a substantial pick-up in MICE enquiries and bookings over the past one month or so in tandem with a revival in leisure travel.

Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has achieved the milestone of handling 300 million metric tonnes (MMT) of cargo well ahead of the year end.