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A total of 4,440 shares changed hands on the counter till 12:02PM (IST).

https://economictimes.indiatimes.com/markets/web-stories

Contrary to expectations, the RBI policy did not allow for a rate cut or explicit liquidity measures. The Governor presented a Goldilocks scenario, assuring the bond market of government spending and comfortable liquidity. However, the growth and inflation combination does not leave room for a rate cut in the near future.

​The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declined

The stock quoted a 52-week high price of Rs 30710.15 and a 52-week low of Rs 22601.3.

Promoters held 41.94 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 27.75 per cent and 15.41 per cent, respectively.

BAT has been an investor in ITC since the early 1990s, and it presently owns a little over 29% stake in the tobacco-to-hotels major. In December last year, BAT’s chief executive Tadeu Marroco had indicated the possibility of selling a partial stake in ITC, which has more than doubled in value in the last two years.

On the technical charts, the RSI of the stock stood at 33.37.

The Nifty Pharma index was trading 0.21 per cent down at 18524.95.

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