Indian equities in Friday’s trade have staged a smart recovery from the day’s low that saw Nifty being dragged to 24,473 levels. Meanwhile, Bank Nifty also erased some of its early losses, with the index trading at 55,513.5 as at the last count.
So, even as the market momentum looks to be dominated by weak global cues with the rise in the crude price and heightening geopoltical tensions, Sandeep Jain of Tradeswift Broking has suggested buying one scrip from the packaging space.
The mention on the scrip has been made in a special session aired on Zee Business titled ‘Sandeep Jain’s Gems’.
The expert held that the company was taken over by the world’s leading alternative asset manager – Blackstone.
As of the last count, at around 11:51 am, the stock traded higher by 1.71 per cent or Rs 4.1 at Rs 243.2 apiece on the BSE, while at the day’s high it scaled levels of 245.8 in a weak market today.
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The market analyst that the company has a strong pedigree with high FII, DII shareholding.
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