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The stock quoted a 52-week high price of Rs 608.65 and low of Rs 380.95.

Narayana Hrudayalaya, incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 15939.12 Crore) operating in Hospitals & Allied Services sector.

A large Indian conglomerate, which has high trading volumes on USD/INR and actively manages its forex risks, has short positions on the pair, both the traders said without naming the company.

So, if you look at for March, GST is 1.6 trillion, no one is even talking about it. And that is not the March effect because that will show up in April. It comes with a lag. And if you look at both the PMI for manufacturing and services, it is pretty robust.

“A few stocks in capital goods and engineering space exhibiting sustainable growth attributes have outperformed in the recent past and moved up into the high optimism zone along with consumption as incremental growth emanates from the investment cycle,” the brokerage said.

The Relative Strength Index of the stock stood at 44.01 on Tuesday.

Zydus Lifesciences has given returns of more than 35% over a 12-month period outperforming the Nifty50 which has given 1% returns during this period according to data sourced from Trendlyne.

The stock traded at a P/E multiple of 39.43, while the price-to-book value ratio stood at 4.0.

A total of 7,117 shares changed hands on the counter till time (IST).

​So really the growth story if the interest rates fall down in the future I think the growth in the affordable segment will again pick up which means the overall sales of over 2023-2024 could be much higher if ultimately the interest rates actually start moving down may be in three months or six months’ time.