An FPI is barred from making fresh purchases of a stock on the floor of the exchange once its stake in the company exceeds 10%. This stems from the regulation under which the entire holding is treated as foreign direct investment (FDI).
Technical picks: Deepak Nitrite, IRCTC among 7 stocks to buy in short term for robust returns
Deepak Nitrite, IRCTC, HUDCO, City Union Bank, IRFC, Divis Lab, and NMDC are top short-term stock picks based on breakout patterns and bullish indicators. Analysts