On the technical charts, the 200-day moving average of the stock stood at Rs 309.31.
As of 30-Sep-2021, promoters held 0.0 per cent stake in the company, while FIIs held 23.73 per cent and domestic institutional investors had 13.18 per cent.
HDFC rose 2.6 per cent to Rs 2,916.75. TechM, Titan Company, Bajaj Auto, HDFC Bank and M&M gained 1-2 per cent. RIL was up 0.3 per cent. Asian Paints fell 2.11 per cent to Rs 2,940. NTPC, ITC and Kotak Bank edged lower.
The Nifty Bank index was trading 0.69 per cent up at 40306.05.
Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 63483.05 Crore) operating in NBFC sector.
This is Airtel’s second rights issue in just over two years.
A total of 1,113,242 shares changed hands on the counter till 10:36AM (IST)
JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 162944.83 Crore) operating in Metals - Ferrous sector.
“Fixed deposits, bonds are all no-no. Commodities look expensive. Equity is the only place where you can hide in mid cycles but do not have FOMO, do not have too many expectations from equities. It is now time to move away from small and midcaps. If you are a risk investor and a compulsive investor, hide yourself in the Nifty and largecap oriented mutual funds if at all.â€
“Our portfolio is based on these four main themes along with exports which will include IT and pharma.â€
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