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Leo Dryfruits and Spices Trading has opened its IPO for subscription from today until January 3, offering 48.30 lakh equity shares with a price band of Rs 51-52 per share. Proceeds will support working capital, branding, and marketing. The company saw a 70.56% revenue increase in March 2024, with profits rising 79% YoY.

So, on the downside, then we will again look at retesting 23,200, the lows that we made last month and if that breaks, then possibly go towards 22,800 is what we are looking at on the Nifty.

The stock traded at a P/E multiple of 44.54, while the price-to-book value ratio stood at 3.25.

Motilal Oswal has highlighted several stocks to watch in 2025, including HDFC Bank, Bharti Airtel, SBI, L&T, HCL Tech, Mahindra & Mahindra, Zomato, Titan Company, Mankind Pharma, and Dixon Technologies.

On January 1, five stocks, including Maruti Suzuki and Zydus Lifesciences, saw short covering with decreasing open interest and rising stock prices.​

A total of 21,254 shares changed hands on the counter till time (IST).

Of the 30 brokers and fund managers surveyed, 71% believe the market could fall further from its current levels, with 45% anticipating a decline of up to 10%. While most participants advised avoiding sectors like FMCG, auto, and real estate, they expect banks, IT, and pharma to perform better.

As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 17.5 per cent and domestic institutional investors had 17.51 per cent.

Paytm shares fell 4% to Rs 976.5 after NPCI extended the deadline for UPI providers to meet the 30% market share limit until 2026. This delay benefits PhonePe and Google Pay, the dominant UPI players.

​Structurally, I think that is going to be a weakish place and on top of that they enjoy so high valuations. I mean, they trade at 40, 50, 60, 70 times just because they continue to remain capital efficient, but beyond that equity investors look for growth and they look for high growth and in many cases they look for hyper growth, that is clearly not what the large FMCG company is going to deliver to you.