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The Relative Strength Index of the stock stood at 55.25 on Wednesday.

“Don’t buy everything which is down 40-50%, it will be good to filter out some names where the business model looks a little better, the management pedigree is better or one can also look for a two-three-year kind of investment in some of the names. Nykaa definitely stands out. Maybe to some extent, Policybazaar and maybe an IRCTC.”

A total of 69 shares changed hands on the counter till 12:38PM (IST)

The government is discussing selling as much as a 7% stake in LIC through the listing, according to the people, who asked not to be identified because the information is private.

“India is still called a developing economy and till such time we become actual part of the developed economy globally, the hope and optimism for India will continue and we cannot look at a one-year market or a 10-year market. I still believe that we are probably in a 10-year bull market in India, given the fact we still have a long way to go.”

Jefferies finds the stock Rs 380 worthy. This brokerage said that the bank is carrying sufficient provision and that the CASA ratio should stabilise in the first quarter of FY23.

Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 31713.35 Crore) operating in Tourism & Hospitality sector.

The stock quoted a 52-week high price of Rs 1267.5 and low of Rs 678.65.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 40.17 per cent and 31.06 per cent, respectively.

Gujarat Pipavav Port Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 3993.21 Crore) operating in Shipping sector.