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A total of 52,060 shares changed hands on the counter till 01:54PM (IST).

Promoters held 59.39 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 24.96 per cent and 3.29 per cent, respectively.

The stock quoted a 52-week high of Rs 4984.1 and a 52-week low of Rs 3310.0.

Consumer stocks, particularly in the retail and quick-service restaurant (QSR) sectors, are gaining attention due to upcoming events like the World Cup and festivals. Footfalls in malls have improved, creating a captive audience for retailers and QSRs. Sapphire Foods and Jubilant Foods are seen as positive investments in this space. Price cuts in the pizza segment, driven by competition and the Cricket World Cup, are not seen as negative, as they can lead to increased consumption.

As a regulator, Buch said, we cannot afford to have one lakh of Indore-type investment advisors. “I have personally gone through and seen people being driven to suicide because of the bad things that happen in the market.” Citing that a large number of 35% of investment advisors are still not registered with the regulator, she said.

The stock market witnessed a noteworthy resurgence on October 3 as several major stocks made a remarkable move by crossing their 200-day Simple Moving Averages (SMA).

But overall, we think that the capex cycle is surely looking good and typically in an election year, these companies and these sectors tend to do very well so one should have a positive bias on this space.

“Everything is cyclical or even FMCG is cyclical. Between 2003 and 2009, Hindustan Lever gave zero percent return and between 2002 and 2022, Wipro gave zero percent return. In some sectors there are shorter cycles, maybe one year or two years and in some sectors, the cycles are bigger, maybe for five years or ten years.”

The dollar fetched 149.25 yen, against 148.85 yen in New York late Tuesday, after the greenback briefly rose above 150 yen for the first time in a year.

"BTC and Ethereum prices have experienced a slight decrease in the past 24 hours. This dip is attributed to rising U.S. bond yields and overbought signals, which have put pressure on Bitcoin," said CoinDCX Research Team.