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However, analysts remain positive on the private lenders despite its muted debut at the bourses and suggest that investors should hold the counter for a longer run. However, any fresh entry at current levels shall be avoided, majority of them said.

"It is a rebound from previous session. The market fell too much yesterday," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Research Institute. "But the rebound is small because overnight gains in U.S. equities were limited."

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 502.23 crore, up 22.69 per cent from last quarter Total Income of Rs 409.34 Crore and unchanged from last year same quarter total income of Rs crore.

A total of 10,013 shares changed hands on the counter till 01:24PM (IST)

DCB Bank Ltd., incorporated in the year 1995, is a banking company (having a market cap of Rs 3480.45 Crore).

BEL is a largecap scrip commanding a market capitalisation of nearly Rs 82,000 crore. It is a Navratna company under the Ministry of Defence, Government of India. It manufactures state-of-the-art electronic products and systems for the Army, Navy and Air Force.

“Retail play – stocks like Arvind Fashion, Aditya Birla Fashion – are the kind of stocks which should benefit because they were under pressure because cotton prices had gone up. Even Siyaram Silk Mills will fall under that category. In the coming festival season, these are the stocks which can outperform.”

A total of 32,908 shares changed hands on the counter till 12:13PM (IST)

According to the data from Ace Equity, as many as 240 stocks or 48 per cent shares of the index are down more than 20 per cent from the 52-week highs. BSE500 index constitutes about 95 per cent market cap of all BSE-listed companies.

Ideally, investors should always look for good fundamental stocks but sometimes in the stock market, the riskiest bets return the highest. We analysed penny stocks which have turned multibaggers in the calendar year 2022.