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The Relative Strength Index of the stock stood at 32.61 on Thursday.

Somany Ceramics, incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 2121.80 Crore) operating in Building Materials sector.

As of 30-Sep-2022, promoters held 37.01 per cent stake in the company, while FIIs held 26.82 per cent and domestic institutional investors had 8.25 per cent.

In November, Muhurat trading will be held on November 12 to celebrate the auspicious Diwali-Laxmi Pujan. Later, on November 14, the markets will be shut for Diwali Balipratipada. Then, on November 27, the markets will be closed to observe Gurunanak Jayanti.

“It is definitely not going to be an easy path for equity markets. Any risk asset is going to find it difficult this year when there are so many headwinds and we have not even talked about the ongoing war in Ukraine. At the same time, there are worries about China’s growth and Covid in the near term.”

The stock quoted a 52-week high price of Rs 451.5 and low of Rs 312.05.

Likhitha Infrastructure got listed on exchanges on 15 October 2020. It made a decent market debut as the scrip got listed at Rs 130.10 on BSE, an 8.41% premium over its issue price of Rs 120. Since the listing, the stock has surged 105% from the issue price.

While the urban and premium categories maintained a steady pace of growth, "recovery in rural demand was not as discernible as retail inflation stayed at elevated levels," Marico said.

The Relative Strength Index of the stock stood at 42.82 on Thursday.

Promoters held 53.1% stake in the company as of September quarter, while FIIs owned 0% and DIIs 21.19 per cent.