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Chief Justice of India DY Chandrachud said the six-membered expert committee shall be headed by former Supreme Court judge Justice Abhay Manohar Sapre and include KV Kamath and Nandan Nilekani.

Hindustan Aeronautics has an order book position of Rs 84,000 crore and another Rs 50,000 crore worth of orders are in the pipeline. The PSU company, one of the largest aerospace and defence manufacturers in the world, designs and manufactures aircraft, helicopters, power plants, inertial navigation system and other key equipment.

The auto components maker has fixed a price band of Rs 560-590 per equity share and at the upper end, the public issue is expected to fetch around Rs 412 crore. The shares are expected to get listed on the exchanges on March 14.

Market is at a very crucial inflection point where we have been heavily oversold. Yesterday, we saw a bit of a recovery. If you talk of a green shoot coming in and the bounce back is taking a brief pause today.

Promoters held 23.28 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 42.91 per cent and 5.67 per cent, respectively.

A total of 11,481 shares changed hands on the counter till 01:58PM (IST).

There have been several reasons for the recent weakness in Indian equity markets, including FIIs outflow and rising inflationAmid FII outflow and lack of positive triggers from the Q3 earnings season.

On the technical charts, the RSI of the stock stood at 55.66.

“T D Power System stock price started its up move from 96(Nov 22) to 149.8 (Jan 2023), making a series of Higher Tops & Higher Bottoms, supported by volumes. During the move the Super Trend indicator was in a positive mode,” Bharat Gala, President - Technical Research, Ventura Securities.

Promoters held 41.94 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 26.77 per cent and 14.49 per cent, respectively.