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​We had same-store sales growth muted though, but negative transaction growth. So, I think it is reflective of what we are generally seeing in the consumer space where demand is a little bit slow.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 7.89 per cent and 0.45 per cent, respectively.

The Relative Strength Index of the stock stood at 46.14 on Tuesday.

Delisting is a process when the stock of a listed entity is removed from a stock exchange. Consequently, the shares of that company will no longer trade on that stock exchange.

Indian mutual funds continue to buy stakes in Adani Group companies despite an ongoing investigation by the market regulator Sebi and a Supreme Court-appointed committee into the Hindenburg issue. At least 17 mutual funds are exposed to the firm, which has seen buying from Invesco, Kotak Mahindra, NJ Mutual Fund and others in May. While Adani Enterprises saw the highest month-on-month buying, buying was also seen in Adani Ports and Adani Wilmar. Although shares in Adani Total Gas have fallen by 67% in the past year, the cement arm of the conglomerate saw buying interest from firms such as Franklin Templeton.

The stock traded at a P/E multiple of 31.42, while the price-to-book value ratio stood at 5.01.

Gold prices fell while the dollar index recovered, with MCX June gold futures trading at Rs 60,951 per 10 grams. July silver futures also retreated to trade at Rs 73,250 per kg. However, the near to medium-term outlook for bullion remains positive with the ongoing US debt-ceiling crisis. While MCX Gold futures have gained 11% this year, silver futures have gained 5.83%. Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities suggested intraday trading strategies.

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What we have seen so far is that the top end of the market has not had any major impact. It is the bottom end, which has, reported problems. And we have seen that across the board in, for example, FMCG etc, the numbers have not been really exciting in the year gone by.

To my mind, SBI is the king of the lot, there is no question, both in terms of size as well as in terms of their ability to understand credit.