With the recent news of merger of adityabirla Nuvo - ABIRLANUVO and GRASIM
sentiments are hurt. The Big Players are getting replaced with this decision. Both the stock will go down technically, however, the business model are similar and hence will help the company as a whole. Particularly Second quarter results or Half yearly result of the merged company will be high.
Advised to make long position after merger which can be wealth creation.