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The action in Kotak Bank stock was high with over 36.8 lakh shares changing hands around this time. The stock has corrected from its 52-week high of Rs 1.997.55 which it hit in November 2022. It has marginally outperformed the Nifty50 index, giving returns of over 2% over a 12-month period as against a 0.3% gain seen in Nifty50, according to Trendlyne data.

Individual investors raised their holdings in eight of the 10 companies related to the ports-to-power group in the three months through March, including its flagship firm Adani Enterprises Ltd. and a key unit that handles a big chunk of India’s ports, according to regulatory filings.

The stock quoted a 52-week high of Rs 288.5 and a 52-week low of Rs 182.45.

The Nifty Auto index was trading 0.54 per cent up at 12684.6.

​So I think that is one pocket where I would not say it is a bargain kind of levels but these are attractive levels or reasonable levels, I would say, to look at.

Softening commodity prices are expected to support margins going ahead (LT guidance (ex-PLI) remains in the range of 25-27%).

Brokerage firm PhillipCapital is optimistic about the sector, estimating a robust Q4FY23 quarter for almost all metal companies. It has also identified stocks in ferrous, non-ferrous space that are expected to perform well.

Kajaria Ceramics, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 17864.30 Crore) operating in Building Materials sector.

Technically, Future Retail is trading below four out of eight SMAs. The stock traded lower than the 30-day, 50-day, 100-day, and 150-day moving averages but higher than the 5-day, 10-day, 20-day, and 200-day moving average.

As of 31-Dec-2022, promoters held 59.45 per cent stake in the company, while FIIs held 22.6 per cent and domestic institutional investors had 3.98 per cent.