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Sandip Sabharwal acknowledges the reality of the consumption slowdown and believes that it will likely bottom out when inflation stabilizes and a pickup occurs. However, he cautions that next year may not be as good as expected, citing disappointing results from largecap technology companies, insurance companies, HDFC Bank, and IndusInd Bank. When asked about buying HDFC Bank, Sabharwal advises caution for those already heavily invested in the stock and suggests considering other stocks.

Nithin Kamath said that there was a mismatch between the priorities of IIT, IIM students with those of Zerodha.

When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

The stock traded at a P/E multiple of -2553.86, while the price-to-book value ratio stood at 3.59.

Some additional checks would help traders in taking better trading decisions as they increase the probability of a follow-up of the upward movement in the stock price.

The three-day issue will close on January 23, Tuesday. The company has fixed the price band at Rs 133-140 per equity share with the face value of Rs 10 per share.

A total of 4,076 shares changed hands on the counter till 01:49PM (IST).

Anish Tawakley of ICICI Prudential AMC, discusses the equity market outlook. He believes that for the next two to three years, domestic cyclical sectors such as automobiles, cement, capital goods, industrial goods, insurance companies, and asset managements will perform well. Tawakley emphasizes the importance of valuations and earnings growth. He states that while valuations are slightly expensive, they are reasonable for largecaps.

On the technical charts, the RSI of the stock stood at 31.16.