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The company started to see some delays in decision-making in Europe. The US aggregate outlook looks mixed for the next couple of months which could weigh on prices and on books," the brokerage said."The company saw pricing improvement in certain segments and is expecting to finish Q4FY23 at 25% EBIT margins," it added.

“IT bellwethers will be under pressure because of the hike in rates in the US but all that is in the price. The communication from IT majors has been extremely positive. AI and cloud computing is on the way. My top pick there is Tech Mahindra and one of my outperformers has been Persistent. Tech Mahindra is headed for Rs 1,250 and Persistent can to Rs 7,000.”

The stock quoted a 52-week high price of Rs 6520.0 and low of Rs 3733.25.

Foreign Institutional Investors (FIIs) were net buyers in the capital market on Wednesday as they purchased shares worth Rs 3,671.56 crore, according to exchange data.Brent crude futures, the global oil benchmark, advanced 0.02 per cent to USD 82.66 per barrel on Thursday

Falling supply line breakout and price sustaining above 20 dayEMA, signaling further upward momentum in coming sessions

A total of 239,875 shares changed hands on the counter till 10:36AM (IST)

The Nifty Bank index was trading 0.14 per cent down at 41520.3.

The stock hit its 52-week high of Rs 995.50 on the intraday basis on Wednesday and ended flat at Rs 986 on the NSE.Considered as a dominant player in the CGD (city gas distribution) space in and around Mumbai, the stock of MGL has returned more than 37% over a 12-month period, outperforming the Nifty50 by approximately 28%

“US’ 2% inflation target is not going to happen for many years. We will probably see inflation settle down around 4% which we have lived with in the past and we could come out of recession with inflation at 4%. But the problem is that what we are seeing now is the residual of the bottleneck situation that we had that was caused by the pandemic.”

The stock has given a flag pattern breakout.