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As of 31-Dec-2022, promoters held 48.76 per cent stake in the company, while FIIs held 20.71 per cent and domestic institutional investors had 9.82 per cent.

​So I think if they do not do anything on capital gains that itself will be taken as positive. I think people will ignore everything else because ex of that Indian valuations have corrected, things are reasonable now and I would think that the markets are set for an up move ex of any capital gains move which could spoil sentiments in the near term.

The relative strength index (RSI) is at 64.8. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.

The stock quoted a 52-week high of Rs 1509.25 and a 52-week low of Rs 1002.5.

In the run-up to the Budget presentation, expectations are rife that she may tweak income-tax slabs to provide relief to the middle class and increase spending on the poor through programmes such as the rural job scheme while ramping up financial incentives for local manufacturing.

The Relative Strength Index of the stock stood at 43.78 on Wednesday.

TTK Prestige, incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 10796.65 Crore) operating in Consumer Durables sector.

With strong support from non-institutional investors and qualified institutional buyers (QIB), Adani Enterprises’ FPO had sailed through with 112% subscription. Retail investors, however, stayed away from the FPO.

The Nifty Auto index was trading 0.38 per cent up at 13374.9.

A total of 497 shares changed hands on the counter till 10:41AM (IST).