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On the technical charts, the RSI of the stock stood at 55.66.

“T D Power System stock price started its up move from 96(Nov 22) to 149.8 (Jan 2023), making a series of Higher Tops & Higher Bottoms, supported by volumes. During the move the Super Trend indicator was in a positive mode,” Bharat Gala, President - Technical Research, Ventura Securities.

Promoters held 41.94 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 26.77 per cent and 14.49 per cent, respectively.

Happiest Minds Technologies, incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 12490.75 Crore) operating in IT Software sector.

"Our positive views come from two emerging trends that reflect strongly in the third quarter performance, that is, profitability across contribution margins improved adjusted Ebitda for all, as companies shifted focus to profit over growth, and platform economics to an extent have begun playing out," JP Morgan said in a note.

The stock quoted a 52-week high of Rs 169.4 and a 52-week low of Rs 93.2.

The brokerage maintains its BUY rating on the stock 28x P/E on FY25E EPS.

In the domestic equity market, the 30-share BSE Sensex was trading 303.83 points or 0.51 per cent lower at 59,107.25. The broader NSE Nifty declined 80.70 points or 0.46 per cent to 17,370.20. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday as they offloaded shares worth Rs 424.88 crore, according to exchange data.

The consensus recommendation from 11 analysts for the stock is a Buy. Out of the 11 analysts covering the stock, eight have strong buy and buy ratings, while one has a sell rating, and the other two have hold ratings.

Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 262647.45 Crore).