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A total of 1,898 shares changed hands on the counter till 01:21PM (IST)

The stock quoted a 52-week high of Rs 978.5 and a 52-week low of Rs 708.6.

"Nifty now looks fairly valued. The markets are slaves to earnings in the long run. If there is earnings growth in the next two quarterly earnings, the margin of safety increases," said Kranthi Bathini of WealthMills Securities.

Aggarwal said the company is working toward ensuring profitability. “We are controlling costs. And with changes we have made, we should be profitable margin-wise in the next one year.”

Among the 10 Nifty500 stocks, two Adani companies made the cut wherein analysts see the highest forward 12-month upside.

​​So a merger of a private entity, a platform entity in the list is not restructuring as such. It is to make the whole corporate holding structure far more efficient. To answer your question, are we looking for new airports? Yes, we are looking for new airports.

On the technical charts, the RSI of the stock stood at 68.89.

Improving utilisation levels and better working capital management are likely to drive up the company’s RoCE.

Stock rotation is the theme to play within a volatile market, according to Sandeep Tandon, Founder of Quant Broking. He believes that the buy on dips strategy should work now and that any events unfolding because of the global situation should be used as a buying opportunity. Tandon also explained that Quant Broking has experienced AUM growth due to the trust of lakhs of investors and distributors in their processes, risk management system, and investment framework

As of 31-Dec-2022, promoters held 50.53 per cent stake in the company, while FIIs held 18.32 per cent and domestic institutional investors had 9.26 per cent.