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“We have not actually seen huge redemptions in our emerging market funds or indeed in our dedicated Asian funds but, of course, others will have seen that happening and in certain markets it will be withdrawal of margin lending. But generally, there’s flight to safety and it’s not particular to India but that is why India is down, says Aberdeen’s Hugh Young.

The stock traded at a P/E multiple of -211.8, while the price-to-book value ratio stood at 4.24.

On the technical charts, the 200-day moving average of the stock stood at Rs 5718.85.

A total of 31,789 shares changed hands on the counter till 02:10PM (IST).

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 65335.58 Crore) operating in FMCG sector.

Ansuman Deb of ICICI Securities said the investment thesis of Star Health includes market-leading position, product and distribution leadership, attractive financials and strong management.

“We are more positive on the B2B themes rather than the B2C themes. We are also looking at more value focussed plays which we think will outperform. Overall commodity as a space will continue to do well. Metals, mining are areas which will do well. Even agri commodities will do well.”

On the technical charts, the RSI of the stock stood at 43.03.

Mobikwik had reported a net profit of Rs 7 crore in the third quarter of 2021-22, after losing money in the first and second quarters.

A total of 5,651 shares changed hands on the counter till 01:39PM (IST).