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The company has five manufacturing facilities, two at Ludhiana, Punjab, one at Visakhapatnam, Andhra Pradesh, and two at Noida, Uttar Pradesh. It also has a manufacturing, warehousing and distribution facility at Eldridge (US).

A total of 8,270 shares changed hands on the counter till 11:13AM (IST).

Jindal Stainless Ltd., incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 9248.72 Crore) operating in Metals - Ferrous sector.

Out of the 14 analysts covering the stock, only two have buy ratings while six have sell ratings, and another six have hold ratings. The average share price target of the stock signals a downside potential of 25% from the current market price.

The stock quoted a 52-week high of Rs 378.6 and a 52-week low of Rs 200.5.

Paytm’s grim first anniversary underscores an erosion of confidence in its ability to become profitable after debuting at a time when India’s IPO market was enamored with tech startups. It’s one among a slew of startups that listed with valuations seen by many as exaggerated.

"Staggered investing and booking profits in overvalued stocks has been the cornerstone of our investing in the past one year. We generally invest in companies with 3-5 years horizon, however, being deep value investors at the heart we have been booking profits in some of our ideas where the valuations were getting rich and have reinvested the same into other deep value opportunities."

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 545918.50 Crore).

"I feel IT, even after the run up that we have seen, have underperformed for some time. People are not having that kind of position in IT and maybe there is still more steam left in IT though after the move, not only stocks like Infosys, HCL Technologies have moved up but some of the midcap IT names like KPIT or LTTI can also see some more upside from these levels."

The Nifty Bank index was trading 0.17 per cent up at 43148.5.