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As of 31-Mar-2023, promoters held 59.45 per cent stake in the company, while FIIs held 23.11 per cent and domestic institutional investors had 3.91 per cent.

The Nifty Realty index was trading 1.25 per cent up at 514.9.

A total of 925,268 shares changed hands on the counter till 11:43AM (IST).

“We are still seeing flows coming in, I do not think there is a reversal in the flows.We do not need big triggers in the market; we just need the world to stabilise. If that happens, that is enough for India to continue their outperformance.”

​​​This is in line with the announcement made by the Maharashtra general administration department on Monday regarding change in holiday on account of Bakri ID.

Around 212 stocks of companies with a minimum market capitalisation of Rs 500 crore have eroded investors’ wealth considerably in the first half of 2023, as per data analysed by ETMarkets. Most of the laggards were midcaps and smallcaps, though the broader markets have outperformed the largecaps in recent months. Adani Group companies dominated the list, with Adani Total Gas falling more than 82% YTD. Infosys was the worst performing stock in the frontline IT pack, and Hindalco Industries was among the severely affected largecap metal companies due to a demand slowdown.

“We are more or less comfortable with the way we have built our portfolio. Obviously, there will be these spicy stocks which may add some flavour to the portfolio going forward. I do not think we are very concerned about the hotel space. That has got a long way to go. But in stocks like Vedant Fashion, Westlife and Titan, the valuations are a bit of a stretch."

The stay order bolstered the shares, which surged more than 6% to the day’s high of Rs 65.90.

The Relative Strength Index of the stock stood at 41.03 on Tuesday.

The stock quoted a 52-week high of Rs 919.5 and a 52-week low of Rs 630.0.