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Stocks like Tata Motors are likely to perform better in thecoming trading sessions along with the ongoing recovery seen in sectoral peers.

As of 31-Dec-2021, promoters held 0.0 per cent stake in the company, while FIIs held 8.67 per cent and domestic institutional investors had 1.17 per cent.

The stock recently found support at the 72 levels in March 2022 and has strongly bounced back from these levels in the last few weeks.

A total of 21,171 shares changed hands on the counter till 11:32AM (IST)

The Relative Strength Index of the stock stood at 52.28 on Thursday.

The stock quoted a 52-week high price of Rs 87579.85 and a 52-week low of Rs 62944.5.

The brokerage expects the stock to catch up with its peers and head higher towards its all-time high of Rs 292 in the coming months.

“The equity market does not see a recession this time though a slowdown is possible. That is my view as well. I do not see five, six, seven Fed rate hikes as some people are saying. I see a slowdown coming and that is going to stop the Fed and its track.”

"Our wholly-owned subsidiary Mis Triveni Turbines DMCC has signed an agreement for acquisition of 70 per cent equity shares of TSE Engineering Pty. Ltd. (TSE)," Triveni Turbine said in a BSE filing.

At the upper end of the price band of Rs 650 per share, Ruchi Soya FPO is available at more than 40 per cent discount to the company’s current market price.