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It seems the institutions are trying to bring their average price down as most of the stocks they have been buying have been underperformers and more importantly, the outlook does not give many reasons for a fresh buy, independent market expert Ambareesh Baliga told ETMarkets.com.

The stock quoted a 52-week high price of Rs 919.5 and low of Rs 595.85.

Demand for M&HCVs is robust, PVs were good while 2Ws were tepid after the festival season, but are expected to return to normalcy in the long term.

On the technical charts, the RSI of the stock stood at 50.53.

LTIMindtree, incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 134129.80 Crore) operating in IT Software sector.

The stock quoted a 52-week high of Rs 268.9 and a 52-week low of Rs 170.65.

The core connectivity portfolio reported growth of over 6% year-on-year in revenue, and the digital platforms and services delivered growth of over 17.2%, according to the statement.

The stock traded at a P/E multiple of 30.66, while the price-to-book value ratio stood at 2.55.

Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 278591.10 Crore).

A total of 10,958 shares changed hands on the counter till 12:26PM (IST).