"Some of these stocks like ONGC, GAIL, etc, should just be removed from the screens and should not be monitored at all. These are very inefficient companies which have not been able to take care of either upswing in the market or when they have generated huge cash flows to invest in a manner where value will be created for shareholders."

Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 51894.62 Crore).

While the aggregate growth appeared impressive, it was hardly broad-based and driven only by three sectors: BFSI, O&G, and Metals. More than half of the incremental growth was steered by BFSI.

“Cash is not a very good viable long-term option. We should be invested in proxies for real assets or the real assets themselves and things that one can touch with one’s own two hands like commodities, the proxies for them or the companies that produce them. Not entirely but certainly have a healthy exposure to these.”

As of 31-Mar-2022, promoters held 48.76 per cent stake in the company, while FIIs held 20.83 per cent and domestic institutional investors had 10.09 per cent.

The Relative Strength Index of the stock stood at 51.73 on Monday.

A total of 59,763 shares changed hands on the counter till 01:03PM (IST).

The incident has been reported to the concerned authorities and the exact cause is being investigated to take adequate corrective steps, Valiant Organics said.

Bond yields and prices move inversely. A rise in yields, therefore, brings with it the risk of marked-to-market losses on bond portfolios and eats into banks’ profitability.

Promoters held 54.8 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 23.54 per cent and 12.8 per cent, respectively.