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Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 14.66 per cent and 6.56 per cent, respectively.

Promoters held 43.49 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 35.31 per cent and 1.56 per cent, respectively.

Speculation is rife in the market that Crompton Greaves Consumer Electricals and Havells India are frontrunners in the race to acquire Butterfly.

Analysts have price targets ranging Rs 15,000-20,000 per share, suggesting limited upside potential in Nestle India stock

“The commodity producers are the segments which are contributing to inflation. The commodity plays go up so much that they run the risk of corrective moves as the tightening cycle from March to December this year actually plays out globally. That is a challenge and that is why it is very tough to play pure commodity stocks at this stage.”

The broader Topix declined 0.36% to 1,924.31, paring earlier losses as steep as 1.33%. Growth stocks suffered deeper declines, with a share index down 0.45% versus a 0.28% retreat for value shares.

The stock quoted a 52-week high price of Rs 1147.9 and low of Rs 818.45.

A total of 9,780 shares changed hands on the counter till 12:58PM (IST)

On a standalone basis, however, Veritas India’s net profit rose sharply to Rs 5.12 crore in October-December as against Rs 1.06 crore over the same period a year ago.

So far in the current calendar year, foreign institutional investors have cut down their net holdings of Indian stocks by a whopping Rs 47,567 crore, the NSDL data showed.