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The Nikkei had touched its highest in more than a month on Monday after Shanghai announced stimulus measures and a decision to ease a city-wide lockdown

Promoters held 51.4 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 17.61 per cent and 19.54 per cent, respectively.

The stock with a market capitalisation of more than Rs 76000 cr, hit a low of Rs 430 and then bounced back. It retested levels of Rs 480-490 multiple times in the month of May and staged a smart bounce back.

"The software services include development of business applications, data Sciences, cloud, migration, business process optimization, digital media, technology implementation & maintenance services," it added.

The BP division manufactures asbestos-cement (AC) products and fibre-cement flat products (V-boards and panels). It generally brings around 82 per cent to the company’s revenue.

A total of 316 shares changed hands on the counter till 01:29PM (IST).

“The US dollar put up a splendid show of strength in the last few months, and it accelerated further in the last three weeks. The dollar Index moved up to 104.85 earlier in the month, and thereafter, retreated a bit to the 102-103 level.”

The Relative Strength Index of the stock stood at 57.95 on Tuesday.

The Relative Strength Index of the stock stood at 66.47 on Tuesday.

On Sun Pharma, CLSA said FY23 revenue guidance was in-line with expectations led by speciality ramp up. The normalisation of expenses and higher input costs impacted profitability, it said.