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I think structurally the Indian market is looking really good after a long time. The next two-three years things look good, a lot of things have sort of aligned now for India globally for things to look good for the next couple of years.

Most money managers believe that the current rally in the Indian stock market has more legs as valuations are reasonable. Axis Securities and Motilal Oswal Securities favour the "growth at a reasonable price" theme and domestic-oriented companies. ICICI Bank, Maruti Suzuki, State Bank of India, RITES, Federal Bank, Varun Beverages, Ashok Leyland, PNC Infratech, ITC, Aarti Drugs, Relaxo Footwears, Mahindra CIE, Praj Industries, CCL Products, Polycab India, and CreditAccess Grameen are among their top picks. Experts expect the market positioning to shift to banks and domestic-cyclical stocks as more than half of the sectors still trade at a discount to their average.

The stock quoted a 52-week high price of Rs 5290.0 and a 52-week low of Rs 3700.0.

As of 31-Mar-2023, promoters held 45.25 per cent stake in the company, while FIIs held 16.17 per cent and domestic institutional investors had 19.89 per cent.

A total of 11,517 shares changed hands on the counter till 01:12PM (IST).

​I do not think that we would see a close below 44,500. In fact, 45,000 on an immediate basis is also good support and we see on an intraday basis Bank Nifty took support at 45,000 and has bounced back again.

The stock traded at a P/E multiple of 17.18, while the price-to-book value ratio stood at 1.61.

On the technical charts, the RSI of the stock stood at 58.79.

MarketSmith has a positive view on some stocks that it believes are near the buy point.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 7.01 per cent and 3.29 per cent, respectively.