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I think specifically V-Mart has some other issues going for it. I think it is in a bigger trouble, DMart is still a cash generating company. So, if you have to make a choice, I think the choice has to be DMart or Avenue Supermarts but I am not buying.

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A host of brokerages have initiated coverage on several stocks wherein they see an upside scope of up to 28%. These stocks belong to various industries such as chemicals, microfinance, defence and ceramics.

A total of 41,865 shares changed hands on the counter till 10:31AM (IST).

On the technical charts, the RSI of the stock stood at 71.83.

I think Avenue Supermarts is a fantastic company. They have done very, very well. They have reshaped the Indian grocery retail in a big way. But always my challenge was that valuation was extremely rich and I think at that kind of valuation, the margin of error is very, very limited

​So, this is a very-very positive statement coming out of the RBI that the formal guidelines around FLDG would be published very soon.

​If you look at consumption, especially the discretionary stocks, valuations are more stretched out there. So, in that context, I think FMCG valuations is not a big risk but given still slightly elevated level of valuations, your returns may not be very high but I think the risk reward is looking good because both margins and volumes will see an uptick over the next two to three quarters

Equities across the Asia-Pacific region soared to their highest point since mid-February after an overnight rally on Wall Street, with investors betting that the US Federal Reserve would not raise rates this coming week. The positive speculation was supported by falls in Australian and Japanese bond yields in line with those in US Treasury bonds, and the US dollar remained subdued during early Asian trading. MSCI’s broadest index of Asia-Pacific shares rose by 0.6%, boosted by a 1.66% jump in Japan’s Nikkei. However, traders’ fears over future rate hikes were not eliminated, with the odds still holding at one in four for a rate increase on 14 June.

​A bearish reversal scan on the candlestick screener can help in ascertaining stocks where the trend can change downward from an uptrend zone.​