“IRCTC has been very richly valued and a much needed correction that is happening is probably good for the stock in any case,” Deepak Shenoy, founder of Capital Mind, told ETNow in a recent interview.

With the development leading to an over 4-per cent fall in Reliance’s share price on Monday, the stock erased nearly $9 billion or Rs 66,000 crore in market value in the previous day’s trade. In the two sessions, the scrip has falled over 6 per cent.

“We would expect that markets to make a new high in the next one or two months. It will go past the 18,600 level and subsequently, for the next one year, our target is about 20,000 for Nifty. ”

A total of 414 shares changed hands on the counter till 11:37AM (IST)

Promoters held 71.25 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 11.53 per cent and 6.71 per cent, respectively.

Emami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 23461.44 Crore) operating in FMCG sector.

Vedanta’s shares have experienced severe volatility (losing 10 per cent last week) ever since the announcement of the demerger – which aims to consider a possible spinoff of its aluminum, iron and steel and oil and gas businesses into separate listed entities.

On the technical charts, the RSI of the stock stood at 49.63.

“Domestic markets are likely to remain weak even after four days of continuous fall. Markets are unlikely to see a sharp recovery in the short-term until fresh positive triggers appear,” said Sageraj Bariya, Vice President - Institutional Sales, East India Securities.

Heidelberg Cement India Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 5285.75 Crore) operating in Cement sector.