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Additionally, strong return ratios, healthy working capital cycle and asset monetisation remains key positive.

Its revenue from operations during the reporting quarter surged 13.5% YoY to Rs 8,152 crore as against Rs 7,189.3 crore in the same quarter a year ago.

The stock with a market capitalization of more than Rs 3,100 crore on the BSE rose from Rs 219 as of 11th July to Rs 250 recorded on 18th July 2023 which translates into an upside of over 14%.

“It is tough to define what is the best strategy in consumer stocks. Whether we keep on accumulating slowly or try to time it near over the next couple of months is something we need to see. But the overall story for consumer durables should definitely improve.”

Hindustan Unilever, incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 622806.16 Crore) operating in FMCG sector.

We have delivered strong growth across both Digital Platforms and Enterprise Communications business. Our strategic bets are giving us tremendous scale and reach to enterprises while continuing to have an incredible innovation engine," said Uday Reddy, Founder Chairman & CEO of Tanla Platforms.

A total of 25,440 shares changed hands on the counter till 11:46AM (IST)

​But as of now, I think the credit ecosystem looks pretty strong. The credit growth looks okay. And from that perspective, and also valuations, if we consider valuations, I think the banks have been trading on less than the last 5, 10 years averages, marginally less.

On the technical charts, the RSI of the stock stood at 45.94.

While the Nifty50 has made new highs, performance relative to global markets (the US in particular) has been lackluster. In fact, Nifty has under-performed SPX year-to-date.