“The day ITC starts redeploying its Rs 35,000 crore of cash on the balance sheet generating a 20% EPS compounding machine, one should look at that stock.”

On Monday, shares of Tata Steel plunged 6.21 per cent to hit a low of Rs 1,299.20 on BSE. The scrip is off 15 per cent from its 52-week high of Rs 1,534.60 hit on August 16. PSU SAIL fell 7.24 per cent to hit a low of Rs 106.90. This scrip is down 29 per cent from its 52-week high of Rs 151.10 hit on May 10.

On Monday, shares of Asian Hotels (North) and Royal Orchid Hotels rallied 20 per cent each to Rs 99.9 and Rs 98.40, respectively. EIH Associated Hotels and Advani Hotels and Resorts gained 16 per cent each to Rs 385.55 and Rs 84.50, respectively.

Persistently low yields are a feature of bond markets across the developed world, with central banks mostly in no hurry to raise interest rates and a global savings glut that keeps debt securities in constant demand.

A total of 17,518 shares changed hands on the counter till 01:05PM (IST).

Tata Steel shares dropped about 5 per cent to Rs 1,300 on Monday, taking its fall to 12 per cent in the last four days. It had hit a recent high of 1,476 on September 14.

Promoters held 86.5 per cent stake in the company as of July 30, 2021, while FIIs held 2.2 per cent, DIIs 3.2 per cent and public and other 7.9 per cent.

Reports have claimed that Adani is looking to acquire a Delhi-based media house, which many speculate to be NDTV.

“I do not see any upside in IRCTC over the next two years. People who buy at these prices might not make any money and might actually lose money out of investing in IRCTC.”

BSE Ltd., incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 5354.74 Crore) operating in Financial Services sector.