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“We would definitely be underweight on the pure staples or consumption space and auto. Also, for the consumer sector, the additional issue is the hike in the raw material prices or input cost. On the other hand, we would be comfortable buying into IT sector and Infosys, HCL Tech and TCS in particular.

Greenply Industries Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2401.66 Crore) operating in Building Materials sector.

When the MACD crosses above the signal line, it gives a bullish signal, indicating that the price of the security may see an upward movement and vice versa.

A total of 139,588 shares changed hands on the counter till 12:04PM (IST)

Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 5.4 per cent and 2.72 per cent, respectively.

“The kind of acquisitions that Zomato has done recently may not necessarily fit into the whole delivery ecosystem. Zomato disclosed that they are going to acquire gym chain cult.fit as well. Not just that, some of the recent acquisitions such as AdOnMo and UrbanPiper were done at very heavy valuations. They paid almost 187 times price to sales on AdOnMo and for UrbanPiper.”

A total of 1,528,883 shares changed hands on the counter till 10:32AM (IST).

According to reports, the bonds are set to mature on February 14, 2025. The bonds will bear an interest rate at benchmark plus spread per cent payable annually. The spread is 1.65 per cent per annum.

Balkrishna Industries Ltd., incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 40775.43 Crore) operating in Tyres sector.

Rakesh Jhunjhunwala held 10.1 per cent stake in the company as of December 31.