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​You are going to see multiple all-time highs over many-many years and decades in which you invest, what is more important to see is where is it from a valuation perspective.

The global investment bank believes that the ER&D spending slowdown seen over the last six months is structural and not cyclical. Channel checks suggest that there is no urgency amongst enterprises to spend on these areas. Reopening (post-Covid) requires less need for spending on connected and smart products.

“My reading of the way Mukesh Ambani has operated his business is that they would like to keep everything in the same basket. Unless and until there is a demarcation of the businesses among his children and to that extent, they need to demerge, that is something which won’t happen.”

The stock which is also part of the S&P BSE Sensex witnessed a breakout last week from the neckline of 13-month consolidation placed at Rs 1,165. However, some selling was seen post the breakout which took the stock around Rs 1,150.

The cost of acquisition of Sobek will be for a consideration of Rs 537.43 crore which is to be paid on the completion date of the acquisition, the company said in a filing to the exchanges. The nature of consideration is cash, the filing added.

UPL, incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 48890.83 Crore) operating in Pesticides/Agro Chemicals sector.

It is on the verge of a longer breakout from its long-term consolidation and poised for a fresh up move. Its higher bottoms on weekly charts protect the downside from current levels and risk-reward is in favour of longs.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

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

Additionally, strength in the financial sector and banking sector balance sheets, support from policy reforms, and the improving trinity of government spending, private sector capex, and household capex add to a resilient growth outlook.