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Brokerage firms recently launched their first reports on a number of counters in December. The majority of them remain positive on these stocks and see up to 72% rise in the coming months.

At 11.02 am, the scrip was trading 7.6% lower at Rs 224.6 over its last day’s closing price of Rs 243 apiece. The stock has also fallen nearly 20% in the last six months, while it has plunged about 10% year-to-date.

“The only difference from Nomura’s 2022 call is that in 2023, most likely the inflation issue is something which we are getting a handle on. It has peaked and has started coming off but there are still some lingering issues as to how sticky the inflation is and how the long term expectations pan out.”

The quota for retail bidders was booked 1.53 times, whereas the allocation for non-institutional investors (NIIs) fetched 1.63 times subscription. The portion for qualified institutional bidders (QIBs) was booked only 1%.

One must understand that while inflation will always push asset prices higher, this period of high inflation is cyclical. Your portfolio may continue to grow so long as it is not concentrated in a few high-risk stocks and is suitably diversified. While one can expect market volatility to continue, investors would do well to invest with a long-term mindset and not make any knee-jerk reactions in the current situation.

As of 30-Jun-2022, promoters held 53.51 per cent stake in the company, while FIIs held 42.2 per cent and domestic institutional investors had 2.24 per cent.

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In a meeting that was held last week, the company announced that its board of directors approved an allotment of bonus shares to eligible shareholders in the ratio of 1:2.

"As of now, the resistances are gradually shifting higher. Earlier, the hurdles were near to 18,442 and are shifting even lower to the 18,350-18,300 zone. With this setup, we suggest selling on any bounce with resistance at 18,300. We are expecting this index to go down below 18,000 and test the next support of 17,950."

Automaker shares rebounded strongly after the yen showed signs of stabilizing, and the real estate sector rallied as long-term bond yields also calmed down after steep climbs.