Overnight, the Wall Street closed on a flatter note.
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
Aditya Birla Group on Wednesday raised its stake in Idea Cellular to 50.15 per cent after it bought Cingular Wireless's stake for $150 million (about Rs 650 crore).
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The old guard is still involved in broad corporate decision-making, but quite a few new business heads have started making their mark at the group
