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MindTree, Mishtann Foods, Sheetal Cool, Swiss Military Consumer, Star Housing, DRC Systems India and SM Gold are among the companies that will announce their March quarter results today.

In a stock split, existing shares split but the underlying value remains the same. As the number of shares increases, the price per share goes down.

“Nifty is unlikely to break below 17,300. Buy on dips is likely to emerge supporting the market. Financials have the potential to support the market,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

"Do not invest till you have credit card debt."

The company has time till November this year to list the IPO. About Rs 370 crore would be the primary offering, he said.

Indian equities should underperform emerging markets in CY22 after stellar outperformance in CY21 (24% return) as outperformance looks unsustainable based on earnings growth and RoE differential.

NEW DELHI: The truncated week ended on a cynical note on Dalal Street wherein the benchmark index Nifty ended with a loss of over 1.75 per cent. On the other hand; even the Nifty Bank index remained under pressure to close in red.“Although Nifty breached the support of 17,400 but 17,442 could be an important support in the coming session. For bulls to retaliate back, 17,400-17,300 should remain unharmed,” said Mehul Kothari, AVP - Technical Research, Anand Rathi Shares & Stock Brokers. “On the upside, a breakout above 17,650 would confirm a falling wedge breakout and then we could witness a faster momentum on the upside.”With regards to the Nifty Bank index, he said it is stuck in a range of 37,000-38,000 and a breakout or a breakdown from the given range would determine the further trend.Below are some stocks that will be in focus:

Tata Steel did not elaborate on the ratio of the stock split. It will likely be announced after the board approves the proposal.

For the year ended March 31, 2021, the turnover of MSSSPL stood at Rs 834.43 crore constituting 1.12 per cent of the consolidated turnover of the company, M&M said.

“There has been profit booking in IT stocks which have brought down their valuations lower. So, further selling in IT stocks will be subdued. Results from financials, particularly leading banks will be good and they can impart resilience to the market,” said Vijaykumar.