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“Segments like consumer durables where the valuations have not corrected and are not reflecting the current picture of some slowdown seen in the overall consumption, the competitive pressure is very high and the inability of the companies to pass on the pricing. That is leading to margin contraction and those probably are not getting fully reflected in the valuations.”

The month of November was not good but for many of its index constituents, as 9 stocks, including M&M, SBI, Bharti Airtel, L&T, and ICICI Bank scaled their respective lifetime highs.

​Lumax Auto Technologies, incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 1806.86 Crore) operating in Auto Ancillaries sector.

The stock quoted a 52-week high price of Rs 3698.5 and low of Rs 2334.35.

“After UPL splits, there will be four very clear companies dealing with domestic agrochemicals, international agrochemicals, a global seed company and manufacturing. In three of these companies, foreign investors are coming in and the corporate governance issues seen historically are going to get addressed. These are some of the areas where the stock is still cheap at 10 or 11 times FY24 numbers. There are a lot of places where there is value in the market.”

The acquired brands are well established and recognized among doctors and other members of the medical fraternity in Brazil for their reliability, safety, and trustworthiness,” said Alexandre Franca, Managing Director, MedQuímica.

Earlier this month, the company had sub-divided its equity shares in 1:2 ratio. The stock with a face value of Rs 10 each was divided into two shares with a face value of Rs 5 each.Dev Information Technology is an ITeS company, providing digital transformation to its customers, leveraging its expertise on cloud, automation, and data.

Promoters held 50.73 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 19.21 per cent and 9.18 per cent, respectively.

A total of 105,530 shares changed hands on the counter till 12:44PM (IST)

Bitcoin was holding the $16,000 mark while Ethereum continued to march towards $1,200 once again. Market participants were seen in no hurry to buy tokens at lower levels, awaiting more bad news.