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Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 289881.77 Crore).

The quota for retail bidders was booked 14%, whereas the allocation for non-institutional investors fetched 7% bids. The portion for qualified institutional bidders was not off the mark.

The Relative Strength Index of the stock stood at 45.31 on Tuesday.

Experts believe that exposure to and awareness of the US market investing from India was in its infancy, before the pandemic. Desi investors are going global as they do not wish to miss the chance of diversification and investing in the global leaders.

The stock quoted a 52-week high of Rs 358.0 and a 52-week low of Rs 200.5.

A total of 18,559 shares changed hands on the counter till 12:23PM (IST).

“In the four-wheeler space, I like Mahindra & Mahindra. Autos should continue doing well and the commodity pressure is also coming down. The margins should also improve going ahead. In the case of Mahindra & Mahindra, new launches have been doing very well; their margins are also very decent and the return ratios are very strong. ”

Goldman Sachs is the broker of the deal. Dabur is among the few stocks in the FMCG space to have underperformed in 2022. At 10.22 am, the shares of Dabur India were trading 2.6% lower at Rs 573.35 over its previous day’s closing price of Rs 588.75. The stock has gained just 3% in the last one year.

On the technical charts, the RSI of the stock stood at 38.48.

Engineers India, incorporated in the year 1965, is a Mid Cap company (having a market cap of Rs 4746.45 Crore) operating in Services sector.