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So we are strongly recommending a hybrid model to the industry and not full remote or not full in person which will allow companies to figure out how to build culture with these young employees who are joining.

Federal Bank, incorporated in the year 1931, is a banking company (having a market cap of Rs 28409.25 Crore).

“One can expect the cooling (AC manufacturers) stocks to remain in focus after the weather office forecasts heat waves as the hottest since February 1901 and summer has come earlier than usual,” he said.

Promoters held 75 per cent stake in the company as of 31-Dec-2022, while FIIs owned 2.97 per cent, DIIs 1.13 per cent.

The stock traded at a P/E multiple of -93.24, while the price-to-book value ratio stood at 2.79.

A total of 138,351 shares changed hands on the counter till 11:28AM (IST).

Smallcap ITeS company Axiscades Tech reported a sales growth of 26% in Q3 but reported a net loss of Rs 10.35 crore in Q3. In the December quarter of the previous financial year, the company had reported 7.8 crore profit. Despite the loss, the stock is up 217% in the last one year.

The stock has given a flag pattern breakout.

From the Sensex pack, Infosys, TCS, Tech Mahindra Power Grid and M&M were the top laggards, falling about 0.5-1%. Maruti, Nestle, Wipro and HCL Tech also opened with losses. Meanwhile, Bajaj Finserv, L&T, Bajaj Finance, Tata Steel and HDFC Bank opened with gains.

“Options data suggests a broader trading range between 17000 -17800 zones, while an immediate trading range in between 17300 to 17600 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services, said.