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A total of 983 shares changed hands on the counter till 11:44AM (IST).

“Titan Company stock has formed a strong bullish candle on weekly scale and given a falling supply trend line breakout on daily chart which is formed by connecting swing highs of Rs 2,626, 2,545 and 2,475 levels,” Arpit Beriwal, Analyst, Equity Derivatives & Technicals, MOFSL, said.

Breakdown of its rising trendline acting as a support zone. Likely to face pressure for target of 640.

From the Sensex pack, Power Grid, Asian Paints, Bajaj Finance and Bharti Airtel were the top gainers, up about 0.5-1%. NTPC, Kotak Bank, Tata Steel, RIL and Infosys also opened with gains. Whereas, M&M, Titan, ITC, Axis Bank and HUL opened with cuts.

After nearly 60 trading days, stock has given a dailyand weekly closing below Rs 515 level.

Peter Lynch, an American investor and mutual fund manager, is best known for growth at a reasonable price approach to investing. Lynch is often associated with the PEG ratio which measures PE ratios in relation to growth rates.

A total of 222,571 shares changed hands on the counter till 10:26AM (IST).

The stock traded at a P/E multiple of 16.35, while the price-to-book value ratio stood at 2.7.

Ahluwalia Contracts (India), incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 3383.21 Crore) operating in Construction sector.

Due to rollover activity and the quarter-ending week, we believe next week will remain volatile and defensive sectors like pharma and FMCG may remain in limelight. However, relatively high shorts are seen among energy, metal heavyweights, which may stay under pressure