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​But from a pure valuation perspective it is already trading at least 25 to 30% cheaper. So that way it gives a good opportunity for anybody to participate at this valuation and wait for a right stable environment when it can command slightly better multiple.

The private lender filed the petition under Section 7 of the Insolvency and Bankruptcy Code, which allows a financial creditor to apply for initiating the process. The NCLT has issued a notice to Digital Ventures.

Jubilant Pharmova, incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 6501.86 Crore) operating in Pharmaceuticals sector.

Promoters held 67.4 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 5.87 per cent and 0.12 per cent, respectively.

A total of 34,767 shares changed hands on the counter till 01:09PM (IST).

The stock traded at a P/E multiple of 15.62, while the price-to-book value ratio stood at 1.3.

Gold futures on MCX were trading higher, gaining 0.36% or Rs 196 at Rs 54,247 per 10 grams. However, silver futures jumped 0.78% or Rs 522 at Rs 67,556 per kg.

Expert: Nooresh Merani, an independent technical analyst told ETNow - IndusInd Bank: Buy| Target Rs 1350| Stop Loss Rs 1160

Citigroup maintained its buy rating on Hindustan Unilever with a target price of Rs 3050. The company announced entry into Health and well-being which is a positive sign, the brokerage said.

If I look at it from a behaviour perspective it is not happening on a immediate basis. But if you look at it from a longer term perspective then maybe it will take many more years to reach that crisis. I do not think it is happening. I think inflation is settling down, when we look at the core CPI number, things are changing globally. So I am not that pessimistic at this point in time the way market participants are.