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Patanjali Foods Share Price: Shares of Patanjali Foods fell by 4% on the BSE today, hitting a days low of Rs 1,855.10. The drop followed a block deal involving 1.2 crore shares, or 3.3% of the companys equity, valued at Rs 2,223.4 crore. The floor price for the deal was set at Rs 1,815, with the promoters likely being the sellers.
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There are several stocks which are not really in your comfort zone and hence we need to pick up stocks on a bottom-up basis and need to cherry-pick ideas wherein the risk-reward is favourable. Otherwise, it is a tough market as far as stock selection is concerned.
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But I think that until that point you want to retain your patience. But from this point onwards sectorally you might want to know which sector you want to avoid. From that point, I would say definitely Nifty Realty is an avoid.
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