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As per the data, FPIs dumped Rs 5,626 crore worth of software and service stocks in February 1-15 period, in addition to Rs 12,928 crore worth of selling in the previous fortnight i.e. January 16-31.

The merger process is expected to be completed in the fourth quarter of 2022-23 (Apr-Mar).

The rupee’s gains, however, were firmly capped by a sharp rise in international crude oil prices in early trade Monday.

​​ The IPO consists of a fresh issue of equity shares aggregating up to Rs 1,000 crore and an offer for sale of up to 1.9 crore shares by the promoter and investors, including the India Resurgence Fund, a joint venture between the Piramal Group and Bain Capital, according to the draft red herring prospectus (DRHP).

Paytm was the largest IPO in the Indian primary market as the company raised Rs 18,300 crore via its initial stake sale in a fixed price range of Rs 2,080-2,150.

Akzo Nobel India Ltd., incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 8893.11 Crore) operating in Building Materials sector.

The foreign brokerage said investors it spoke to felt that Paytm’s third quarter results were encouraging in terms of topline performance.

The stock quoted a 52-week high price of Rs 2679.0 and a 52-week low of Rs 1026.63.

Promoters held 74.07 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 12.53 per cent and 4.39 per cent, respectively.

“I like to buy danger and some risk, I do not like to buy safety. Stock market is meant for taking risks but wisely. It is not blind risk or crazy risk or reckless risk. There is acceptable risk and there is unacceptable risk. There are many stocks that are highly risky like Zomato. Am I happy with that risk it poses? I am not at all happy. It is not an acceptable risk.”