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A total of 18,530 shares changed hands on the counter till 01:14PM (IST)

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Total supplies during April-July 2023 to all-consuming sectors were up to 244.5 MTs clocking 5.7% growth over a high base of 231.2. MTs of the same period last fiscal. Supplies on a year-on-year basis have witnessed 13.3 MTs expansion during the first four months of the financial year in reference.

The stock traded at a P/E multiple of 101.74, while the price-to-book value ratio stood at 13.72.

Akshay Bhagwat of JM Financial Services, states that the key level to keep track of for a short-term trend in the market is 19,600 on the Nifty. The market should trade within a range of 19,600 to 19,850 as long as this level is sustained. In terms of stock-specific momentum, he predicts a breakout for Chambal Fertilisers and sees momentum picking up in Granules India.

The Nifty Realty index was trading 1.85 per cent down at 556.25.

The Relative Strength Index of the stock stood at 47.01 on Tuesday.

​We are not letting changes overtake us, but we will proactively try and deal with these changes and find the best solutions so that to the best of our ability, we are able to handle the new environment which is being created in the country by economic growth and other measures to deal with these changes.

Investors are being drawn to underpriced public sector enterprises and mid-tier technology players for long-term investment opportunities, according to Deven Choksey of KRChoksey Holdings. However, he added that such sectors had been perfected in the short-term and it was increasingly challenging for investors to pick value from them. Choksey also discussed higher demand from rural India generating growth in FMCG companies and the efficient use of fintech by NBFC firms to disburse loans.

As per Trendlyne data, the average target price of the stock is Rs 402 which shows a downside of 62% from the current market prices. The consensus recommendation from one analyst for the stock is a Sell.