Shyam Metalics offers a unique play in the Indian metals space, with a combination of more than doubling of capacity in medium term and a strong net cash balance sheet.

At least one-third of the stocks are from healthcare and pharma sectors that saw massive profit booking after the impact of the pandemic softened over the last few months.

Mahindra Logistics key Products/Revenue Segments include Services Rendered for the year ending 31-Mar-2021.

A total of 12,411 shares changed hands on the counter till 10:25AM (IST).

There is a concern that rising bond yields and a hawkish Fed might push the US economy into recession, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

As of 31-Dec-2021, promoters held 54.8 per cent stake in the company, while FIIs held 24.85 per cent and domestic institutional investors had 11.41 per cent.

The stock price is on the verge of breaking out from the symmetrical triangle and has broken out on the monthly chart.

The stock quoted a 52-week high of Rs 727.8 and a 52-week low of Rs 469.75.

“From both growth or a value perspective, financials is a very good space to be in and will create good value over the next few years. The larger players have recapitalised the balance sheets. Credit costs are down and growth is starting to pick up in line with normal GDP growth. Persistent selling by FPIs over the last many months have brought down valuations as well.”

“IT remains a buy and one should hold for the long term. These are very well-run, cash-rich companies with good margins. Coming to reopening trade, both retail and hospitality are expected to do well. They have done well on the hopes of reopening trade. Add to that the entertainment sector that is also expected to benefit but one can definitely look at hotels.”