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“ It was just one month of pause for the mid and smallcaps, before they start moving ahead.”

As of 30-Jun-2021, promoters held 0.0 per cent stake in the company, while FIIs held 16.9 per cent and domestic institutional investors had 11.18 per cent.

Medium level of inflation tends to be great for commodity companies as well as financial companies, as they benefit both on growth and margins.

A total of 13,959 shares changed hands on the counter till 01:47PM (IST).

ByteDance also operates Douyin Pay, its own third-party mobile payment, to facilitate users on e-commerce transactions on short video app Douyin, the Chinese version of TikTok.

The stock quoted a 52-week high of Rs 137.9 and a 52-week low of Rs 50.0.

As of 30-Jun-2021, promoters held 41.73 per cent stake in the company, while FIIs held 26.76 per cent and domestic institutional investors had 0.49 per cent.

A total of 27,051 shares changed hands on the counter till 12:29PM (IST).

“We would prefer aluminium companies like Hindalco, Nalco to some extent or a ferrous metal play like SAIL which offers far better valuation comfort and much better earning visibility going into the next let us say next two or three quarters.”

Shares of Kitex Garments have rallied over 50 per cent in the last one year. However, it has underperformed in the last one month, giving a negative return.