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So, if forex starts to drop, then I think that elbow room will reduce and we would also have to keep rates higher for longer, maybe make them even higher than what they are today, else we are fine.

Several major smallcap stocks have outperformed their sectoral indices on a 1-week and 3-month basis as of October 25

​This is the time to be cautious. This is the time to be in the top 100, to be in top quality because I think not just India, I think global markets are under pressure.

The stock quoted a 52-week high price of Rs 132.45 and a 52-week low of Rs 85.9.

So coming to the liability front, the overall, in the economy itself there is a liquidity squeeze. Now, we have to see in a different perspective. If you see two years ago when there was a pandemic, the deposits or liabilities have risen across the board.

The Relative Strength Index of the stock stood at 27.57 on Thursday.

“ Given a lot of nervousness in the market, there is a little bit of profit booking and a reallocation of FII money. Buy equities smartly. Add defensives to your portfolio over the next six months. From then onwards, you can shift to a growth-oriented theme. There is no need to reallocate to debt just for this short-term volatility that I see ahead of the equity markets. ”

The stock traded at a P/E multiple of 81.36, while the price-to-book value ratio stood at 6.23.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.