Stocks like Infibeam slipped up to 39 percent in the trade before recouping some of the losses while, India Cements slipped 5 percent, Indo Count Industries dropped 6 percent in mid-morning trade.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy NIIT Technologies, NMDC and Ashok Leyland and sell Infibeam.
In India if you acquire a customer in e-commerce by making a loss once then it is very hard to make profit from the same customer, says Infibeam CEO Vishal Mehta
Rajat Bose of rajatkbose.com is of the view that one can buy NIIT Technologies and Hero MotoCorp and sell Infibeam.
Sandeep Wagle of powermywealth.com is of the view that one can buy Ceat and can sell Infibeam.
Rajat Bose of rajatkbose.com suggests buying Dhampur Sugar, Balaji Telefilms and Infibeam.
Mitessh Thakkar of miteshthacker.com recommends selling Infibeam and Steel Authority of India.
In an interview with CNBC-TV18, Vishal Mehta, MD of Infibeam Incorporation spoke about the investment so far and future plans with respect to buying more stake.
Ashwani Gujral of ashwanigujral.com recommends buying Marico, Eicher Motors and Bombay Burmah.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy GAIL India, HDFC, Voltas and Reliance Industries and sell Bharti Airtel.
In an interview to CNBC-TV18's Anuj Singhal and Reema Tendulkar, SP Tulsian of sptulsian.com shared his readings and outlook on the market and specific stocks.
Prakash Gaba of prakashgaba.com likes ACC and Dabur India and recommends selling Infibeam on all rallies.
Rakuten is still unsure whether it wants to venture into the country due to concerns about the slowdown in growth in India's e-commerce market. According to to RedSeer Consulting, the Indian e-commerce industry grew by a meagre 12 percent in 2016 compared to 180 percent in 2015.
The joint venture company, to be held in 49:51 ratio between Infibeam Global EMEA FZ-LLC, Dubai and KSK Capital, would cater to about 40 countries in Middle East and Africa (MEA) region for offering e-commerce solutions to merchants and consumers.
Cipla | NHPC | NMDC | Divis Labs | Jain Irrigation | Jet Airways | Allahabad Bank | Bank Of Maharashtra | Reliance Power | Suzlon Energy | Kalpataru Power | Panacea Bio | NRB Bearings | HealthCare | Infibeam | ARSS Infra | Automotive Axles | Clariant Chemicals | Kohinoor Foods and Shalimar Paints are stocks, which are in the news today.
Cipla | NHPC | NMDC | Divis Labs | Jain Irrigation | Jet Airways | Allahabad Bank | Bank Of Maharashtra | Reliance Power | Suzlon Energy | Kalpataru Power | Panacea Bio | NRB Bearings | HealthCare | Infibeam | ARSS Infra | Automotive Axles | Clariant Chemicals | Kohinoor Foods and Shalimar Paints are stocks, which will be in the news on Tuesday.
Infibeam Incorporation shares started off day with gain of 5.8 percent on debut Monday. The stock listed at Rs 457 on National Stock Exchange against issue price of Rs 432.
Stocks likely to be in the news
The Rs 450-crore IPO received bids for 1,37,70,850 shares against the total issue size of 1,25,00,000 shares, data available with the NSE till 1600 hours showed.
The share-sale programme of Infibeam Incorporation, the first e-commerce firm to tap the IPO route, was subscribed 63 per cent on the second day of the offer today.
Infibeam Incorporation Ltd, the first e-commerce firm to tap the IPO route, saw its Rs 450-crore issue getting subscribed 21 per cent on the opening day today.
Infibeam's IPO, the first in the e-commerce space, will have a lot riding on it. As an investor, you will do well to know what you are getting into.
The initial public offer (IPO) will conclude on March 23, as per the latest update available with capital markets regulator Securities and Exchange Board of India (Sebi).
Infibeam Incorporation will hit the capital markets tomorrow to mop-up Rs 450 crore through an initial share plan, becoming the first e-commerce firm to tap the IPO route.
The Mumbai-based company, which is in the business of fragrances, flavours and aroma chemicals, has received markets regulator Sebi's approval to launch its initial public offer (IPO).