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“Metal is a high risk, high reward game and therefore it is extremely difficult to have a very large exposure in that space. We have trimmed at least 50% of the exposure we had.”

“I would probably want to put some incremental money to work in HCL Tech and Tech Mahindra where I find valuations to be a little bit more comfortable.”

In the international market, gold was trading marginally lower at $1,766 per ounce and Silver was flat at $23.36 per ounce.

The initial public offering (IPO) consists of fresh issue of equity shares aggregating to Rs 17.5 crore, and an offer for sale of up to 29.89 million equity shares, according to the draft red herring prospectus (DRHP).

Following the buzz, shares of Tata Power rallied 15 per cent to Rs 255.5 on Monday.

On the technical charts, the RSI of the stock stood at 58.5.

The stock quoted a 52-week high price of Rs 362.85 and low of Rs 166.8.

ET Now reported that the divestment process of the Hindustan Copper may begin in the upcoming month as the Ministry of Mines has recommended strategic disinvestment in the company.

The reported quarter is considered to be seasonally weak for cement companies as most construction work around the country slows down due to monsoons.

Shares of Avenue Supermarts are up roughly 22% this year, compared with a 13.5% gain in 2020. Of the nine months so far in 2021, it has reported solid gains for six.