“I won’t be comfortable at less than 50% discount to current Paytm price because I do not really see a path to their market domination,†says Anurag Singh of Ansid Capital.
Promoters held 0.0 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 16.19 per cent and 13.52 per cent, respectively.
A total of 28,707 shares changed hands on the counter till 01:04PM (IST)
On the technical charts, the 200-day moving average of the stock stood at Rs 146.9.
“The biggest value unlocking can happen if Hindustan Zinc shares held in Vedanta are distributed to individual shareholders. But they are silent on that.â€
On the previous day, Bitcoin dropped further below $60,000 to its lowest level in about three weeks amid a broader decline in cryptocurrencies as concerns about US taxation and China’s continued crackdown swirled.
The stock quoted a 52-week high price of Rs 1823.0 and low of Rs 1468.85.
The Nifty Realty index was trading 1.53 per cent down at 527.95.
A day before the IPO, Go Fashion (India) allotted 66,10,492 equity shares to 33 anchor investors at Rs 690 apeice to raise Rs 456.12 crore.
The corporate structure being considered by Vedanta is diametrically opposite of what was being pursued in the last couple of years.
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