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The Relative Strength Index of the stock stood at 49.0 on Thursday.

As of 31-Mar-2023, promoters held 74.93 per cent stake in the company, while FIIs held 8.18 per cent and domestic institutional investors had 6.75 per cent.

Nestle India, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 203041.37 Crore) operating in FMCG sector.

The stock quoted a 52-week high of Rs 554.05 and a 52-week low of Rs 462.95.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 15.21 per cent and 4.59 per cent, respectively.

The Gujarat Mineral Development Corporation (GMDC) soared by 20% with high volumes, opening up the possibility of hitting Rs 200 in the next six months, according to experts. Traders and investors should keep an eye on the stock and consider buying on dips to Rs 135-140. The stock is part of the S&P BSE Smallcap index and has been trading above short and long-term moving averages. The technical indicator MACD is also in a buy mode providing support for bulls, while a clear break above Rs 160 levels will open up fresh investment opportunities.

Doms Industries, an Indian stationery company majority-owned by Fabbrica Italiana Lapis ed Affini, is preparing to file for an IPO in Mumbai. The proposed offering, which could fetch between $200m to $300m, could be launched as early as this year. Since Doms’ founding in 1975, it has grown a global reach of over 50 countries, running over 15 production facilities throughout India. Representatives for Doms and Fabbrica Italiana Lapis ed Affini did not comment on the matter.

​The fact that there was a lot of post Covid, front ending in many categories, which is yet to really unwind and therefore discretionary demand, except for autos continues to be challenging and then the commentary does not seem to change from whatever we have heard so far.

On the technical charts, the RSI of the stock stood at 68.94.

L&T Technology Services saw its shares rise nearly 6% following its report of a 22% rise in net profit at INR 1,170 crore for Q1 2023. Its revenue from operations also experienced a growth of 22% YoY. The company reported a 16% growth in constant currency (cc) terms, with EBIT margins at 18.5%. HDFC Securities maintained its Add rating on L&T Technology with a target price of INR 3,585 while YES Securities maintained its reduce rating with a target price of INR 3,678. Choice Broking downgraded its rating on the stock to Add with a target price of INR 3,738.