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A total of 76,260 shares changed hands on the counter till 12:23PM (IST).

“There is a lot of choice within the banking sector but I would say that in the core portfolio, one needs to have the larger banks like HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank and one could have trading positions in the tier two banks or the PSU banks.”

The stock traded at a P/E multiple of 30.42, while the price-to-book value ratio stood at 9.3.

As of 30-Sep-2022, promoters held 0.0 per cent stake in the company, while FIIs held 12.81 per cent and domestic institutional investors had 7.04 per cent.

Cholamandalam Investment & Finance Company Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Sale of services and Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

The current management led by Ramesh Chauhan will continue for two years as part of the deal, according to an ET report. The Tata Group "will nurture and take care of it even better," although selling Bisleri was still a "painful" decision, Chauhan said. "I like the Tata culture of values and integrity and hence made up my mind despite the aggression shown by other interested buyers."

“We were critical of valuations (of new age tech companies) even back then and even where they sit today we continue to remain sceptical. This is a complex world for a retail investor. Somebody has to take their side now. Keeping retail in mind, the valuations that were offered to them and these companies listed in my opinion were not totally fair. ”

Krsnaa Diagnostics Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 1507.24 Crore) operating in Hospitals & Allied Services sector.

“We have been recommending investors not to buy the new age tech companies and we will continue to recommend that. Now the question is when will they recover. Recovery ideally should only come where there is a path to profitability and when a genuine quarter-on-quarter recovery is happening. But that is not the case with either Paytm or some of the other names at this stage.”

The Nifty Auto index was trading 0.33 per cent up at 12817.2.