Stock market analyst Ashwani Gujral has suggested investors to purchase ‘Orchid Chem’ stock to achieve short term target of Rs 400. It is looking very strong, and grasp it as much as you can.

The stock has performed in the previous trading sessions. Today, it opened at Rs 302 as compared to its Friday closure at Rs 294.70. Presently (1:00 pm), it is trading 0.25% down at Rs 293.95.

On Bombay Stock Exchange, the stock today has touched a new 52-week high of Rs 302. The investors can purchase the stock around Rs 278 with a stop loss of Rs 265. With an EPS of Rs 25.39, the stock is trading with a P/E of 11.58.

The Securities and Exchange Board of India (SEBI) has finally modified the equity listing agreement. The modifications include provisions for monitoring of utilization of issue proceeds and electronic filing through CFDS.

An official release said, “It has been decided to amend Clause 49 of the equity listing agreement, requiring the issuer company to place the monitoring report before its audit committee.”

Listed companies shall, in a phased manner, be required to file information with the stock exchange only through a new portal Corporate Filing and Dissemination System (CFDS), it added.

Indian Stocks markets ended the day with marginal gains. BSE Sensex touched a high of 20,323 but ended the day with gain of 24 points at 20,216. NSE Nifty also gained 11 points to close at 6081.