The stock was the worst performer among blue-chips on both Sensex and Nifty indices on Monday
The industry had launched the first leg of its very ambitious investor awareness campaign
The stock listed at Rs 431, a 17% lower against its issue price of Rs 520 per share on the BSE, while on NSE the stock opened 16% lower at Rs 435
All that happened in the markets on Wednesday
The decision was aimed at aligning rules pertaining to base minimum capital requirement and liquid networth of clearing corporations
The stock was trading 13% higher at Rs 2,198 on the BSE, as compared to 1.1% decline in the S&P BSE Sensex at 02:51 pm.
The stock locked in lower circuit for the eight straight trading days, down 5% at Rs 190 with pending sell orders for a combined 12.34 million shares on the BSE and NSE
Deepak Fertilisers, GNFC, Nagarjuna Fertilizers and Chemicals, Madras Fertilisers, Zuari Global, Aries Agro, National Ferilisers, Excel Crop Care and Jubilant Industries were up 2% to 10% on the BSE.
The stock rallied 6% to Rs 1,911 on the BSE in intra-day trade after the company said that its board scheduled to meet on Friday, April 06, 2018, to consider proposal to buy-back its own shares.
The stock has surged 7% to Rs 968 on the BSE in early morning trade, trading close to its 52-week high of Rs 1,000.
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
Higher number of approvals from April 2018, repeated regulatory issues and lower profits from niche opportunities are some of the concerns
Nifty outlook and top stock picks by Vinay Rajani, Technical Analyst, HDFC Securities:
Firm reiterates its 2020 target of $18 billion in revenue, return ratio of 40%
RBI asking banks to create investment reserve could weigh on financials
Nifty, Bank Nifty , Wipro, Adani Ports, Mahindra & Mahindra
Growth in current financial year is expected to be in high single-digits after record sales in FY18
Most analysts, however, see this as a temporary balm and expect pressure on banking stocks to remain, given the other structural headwinds
Firms need to respond within 30 days of filing complaint
The Reserve Bank yesterday allowed banks to spread provisions for bond losses in the third and fourth quarters of FY18 over the next four quarters