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The stock quoted a 52-week high of Rs 1422.85 and a 52-week low of Rs 1049.1.

Metro Brands recorded the highest-ever quarterly sales of e-commerce sales (including omnichannel) of Rs 61 crore. Growth momentum in e-commerce sales (including omni channel) continues as sales grew 63%. The store expansion is on track with a net addition of 27 stores (8 new cities covered in Q1FY24) across all formats during the quarter, Metro Brands said.

The Relative Strength Index of the stock stood at 39.29 on Wednesday.

Consolidated net profit is seen declining 1.4% YoY to Rs 2,033 crore. India’s largest pharmaceutical company by market capitalization is scheduled to release its earnings on Thursday.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

However, on a standalone basis, the net profit fell sharply to Rs 644.88 crore, down by over 38%, from Rs 1,048.78 crore.

So I think this kind of news really puts the government in a corner that look you do not have a printing machine and you really got to take the fiscal responsibility and take some control on that.

On the weekly front, the maximum Call OI is placed at 19800 and then towards 20000 strikes while the maximum Put OI is placed at 19600 and then towards 19700 strikes.

The Relative Strength Index of the stock stood at 55.23 on Wednesday.