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The Relative Strength Index of the stock stood at 36.92 on Thursday.

Kajaria with a net cash balance sheet and superior brand, is a solid play on the tiles sector with expanding reach to tier II, III cities. We have a BUY with a target price of Rs 1340/share.

The grey market data available for the stock for the past 14 sessions indicates a weak-to-modest listing for the stock. The stock has been trading at a discount for the past three sessions.For the last 14 sessions, the grey market premium or GMP for Elin Electronics has moved from a high of Rs 48 on 20 December to a discount of Rs 8 on 26 December. For the last three consecutive days, the GMP has been in the negative zone.

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“From the last few trading sessions, Britannia is trading in the formation of lower tops and lower bottoms and it might retest its averages. One can go for a short in Britannia at current market price upside. One should keep a stop loss at Rs 4,400 level. I believe it will retest Rs 4,230-4,200 levels on the downside. ”

A total of 93,286 shares changed hands on the counter till 02:14PM (IST)

Promoters held 54.11 per cent stake in the company as of 30-Sep-2022, while FIIs owned 6.03 per cent, DIIs 3.74 per cent.

The stock quoted a 52-week high of Rs 1347.75 and a 52-week low of Rs 770.55.

CIFC with its conservative management, comfortable liquidity position, and diversified portfolio mix is well-placed to ride on the expected demand recovery.

After hitting the major support third time at Rs 20 levels in March 2020 (1st time in the 31.12.08 quarter and 2nd time in the 30.09.13 quarter), the stock witnessed its 1st leg of up move with a swing high in place at Rs 73.70 levels.