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The company also explained the prospects of the business to expand upto 1 GW in renewable energy in the next two to three years. The board further confirmed the appointment of a consultant for a comprehensive study, including feasibility, financing and ramping up.

AMFI stock categorization is mainly referred to by active equity mutual fund managers. As the stocks move up from lower categorization to higher (say small-cap to mid-cap and midcap to large-cap), it increases their visibility. Fund managers typically further analyse such stocks and add them as per their rationale while complying with the scheme mandate.

The stock quoted a 52-week high price of Rs 919.5 and a 52-week low of Rs 595.85.

“China is more attractive in terms of valuation but has issues regarding COVID and other social issues..China’s open up trade is still awaited and that could shift money away from India and other emerging markets in the short term,” said Satish Ramanathan, CIO - Equity at JM Financial Asset Management.

Shares of ABB India, which have rallied over 23% in the last one year, are now on the radar of technical analysts. Prabhudas Lilladher has given an upside target of Rs 3000–3200 and a stop loss near Rs 2550 on the stock.

The Relative Strength Index of the stock stood at 45.16 on Wednesday.

As per Trendlyne data, the highest target price for the stock goes up to Rs 75, while the average target price estimate is Rs 67, which shows an upside potential of 9% from the current market prices. Out of the 12 analysts covering the stock, ten have strong buy ratings and two have buy ratings.

ICICI Lombard General Insurance Company key Products/Revenue Segments include Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the year ending 31-Mar-2022.

‘We tweaked the allocations through the last 12 to 18 months. The first tweak primarily was to not really take a broad-based IT call. Exactly 18 months back, our call would have been to buy anything in IT because we were fairly confident of the overall environment. We have narrowed down that call to basically a handful of largecaps, saying that one or two backs that we could position our overweight with.”

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 5.81 per cent and 0.11 per cent, respectively.