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The stock quoted a 52-week high price of Rs 451.5 and low of Rs 312.05.

Likhitha Infrastructure got listed on exchanges on 15 October 2020. It made a decent market debut as the scrip got listed at Rs 130.10 on BSE, an 8.41% premium over its issue price of Rs 120. Since the listing, the stock has surged 105% from the issue price.

While the urban and premium categories maintained a steady pace of growth, "recovery in rural demand was not as discernible as retail inflation stayed at elevated levels," Marico said.

The Relative Strength Index of the stock stood at 42.82 on Thursday.

Promoters held 53.1% stake in the company as of September quarter, while FIIs owned 0% and DIIs 21.19 per cent.

A total of 62,999 shares changed hands on the counter till 12:30PM (IST)

The stock traded at a P/E multiple of 101.45, while the price-to-book value ratio stood at 4.79.

On Wednesday, the rupee recovered from its all-time low level and settled at 82.82 against the dollar.

India Biz reported mid-single-digit volume growth. The company did not see a significant rural recovery in Q3, while the urban and premium categories maintained their steady growth momentum,” the note added.

Axis Securities believes that the Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. It also believes that the current setup is a ‘Buy on Dips’ market.