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Oil explorers led the advance with an 8.21% jump, followed by the insurance sector, which climbed 4.74% on gains in U.S. Treasury yields. The banking sector rose 3.33%.

The stock has corrected 30% from its peak over the last six months,owing to pressure on auto-fuel marketing margins and an increase in LPGunder-recoveries.

The stock quoted a 52-week high price of Rs 2577.45 and low of Rs 1718.0.

“Trent looks quite appealing and it has what most other consumer companies do not have in India, which is highly accelerated earnings growth with a leadership franchise and there do not appear to be many threats to this position. If the earnings triple over the next three or four or five years, there is a good chance that this multiple would not look like it is looking today and that generally happens with high growth stocks.”

The stock quoted a 52-week high price of Rs 724.5 and a 52-week low of Rs 411.0.

Among other potential investors, YES Bank has also held discussions with Carlyle and Advent, according to the report.

On the technical charts, the RSI of the stock stood at 47.3.

“Sintex Industries vide its announcement dated March 20, 2022, informed the Exchange regarding approval of the resolution plan by the Committee of Creditors’ members… which proposes that existing share capital of the Company shall be reduced to zero and the Company will be delisted from the stock exchanges,” said BSE in a notice.

The decline in ad spends-to-sales ratio is concerning given the elevatedcommodity cost ahead.

A total of 160 shares changed hands on the counter till 12:43PM (IST)