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A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment.

A total of 85,183 shares changed hands on the counter till 11:47AM (IST)

On the daily chart, MCX April Gold futures have given a breakout of its descending channel forming higher high and higher low while the MACD has given a positive crossover indicating bullish sentiments. Moreover, the 21-day EMA 21 and the 50-day EMA suggest a bullish outlook and RSI is forming a higher high and higher low pattern which adds to her bearish outlook.

As of 31-Dec-2023, promoters held 62.55 per cent stake in the company, while FIIs held 12.3 per cent and domestic institutional investors had 7.72 per cent.

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Porinju Veliyath, CEO of Equity Intelligence India, believes that the oil and gas sector, including companies like ONGC, HPCL, and BPCL, is an overlooked investment opportunity. These companies have single-digit PEs and high dividend yields, and are expected to experience faster earnings growth. Veliyath also discusses the strength of the Indian economy and the clear geopolitical formations that make India a strong player on the global stage. He advises caution in the current market, as there may be corrections and consolidations, but remains optimistic about the long-term growth prospects of the Indian economy.

The Relative Strength Index of the stock stood at 81.44 on Thursday.

The stock of Jupiter Wagons went up 1.46 per cent, Indian Railway Catering and Tourism Corporation (IRCTC) (0.88 per cent) and Titagarh Rail Systems (0.71 per cent).

Net revenue from operation stood at Rs 4,901 crore up 20% YoY from Rs 4,069 crore reported in the year-ago period. On a sequential basis, it was up 7% over Rs 4,585 crore reported in Q2FY24.

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 130982.37 Crore) operating in FMCG sector.