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A total of 62,084 shares changed hands on the counter till 01:43PM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 296.74.

Promoters held 74.48 per cent stake in the company as of 31-Dec-2022, while FIIs owned 4.08 per cent, DIIs 15.34 per cent.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend

It has another Rs 50bn revenue opportunity from Vande-Bharat ancillary orders. Given robust order inflows, the brokerage expects HEI FY22-25E EPS CAGR of 67.9%.

Nifty Bank, which has underperformed the PSU bank index, is up nearly 10% this financial year on the back of strong credit growth. Nifty Financial Services is up about 4%.

Hindustan Unilever, incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 583614.97 Crore) operating in FMCG sector.

"While there is a growing concern that telecom tariff hikes may only take place after general elections on May 24, we note this could lead to accelerated market share shifts and, in theory, an effective duopoly which could add Rs 93/share upside potential," Jefferies said in a note.

The non-retail portion of HAL OFS opened on Thursday and was subscribed 4.5 times. The Ministry of Finance said yesterday that it has decided to exercise the green shoe option as the offer-for-sale of HAL received a good response.

The Indian government is likely to remove the long-term capital gain tax benefit from debt mutual fund investments with an upcoming amendment to the Finance Bill. The impact on investors could be significant, as the new amendment will eliminate several categories of investment outside of the long-term capital gain and indexation. Although the change to taxation could result in more investors turning to fixed deposits over debt funds, some finance experts do not think the tax change will result in a shift of capital as many casual investors do not earn more than Rs 15 lakh.