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The Relative Strength Index of the stock stood at 51.84 on Wednesday.

Based on the aforementioned rationale, the stock can be accumulated in the range of Rs 975 to 950 range with a stop loss of Rs 920. On the higher side, the stock has an upside potential up to the Rs 1,080 level, recommends Shah.

Earlier last week, the company obtained a go-ahead from the National Company Law Tribunal (NCLT) for the listing of its equity shares. Furthermore, the listing of the stock is well in line with the company’s plan to list it by the third quarter of the current fiscal year.

The Nifty Realty index was trading 0.41 per cent up at 427.2.

Heritage Foods Ltd. key Products/Revenue Segments include Dairy And Food Processing, Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.

According to him, continued tight monetary policy, worsening geopolitical tensions, slow or negative growth globally and sub 5 per cent GDP growth in India may hinder the rally. He has picked metals, oil and gas and IT pack as laggards.

The sequence of return in a market-linked product is not linear as compared to a traditional recurring deposit. If for example in the very 1st year the markets drop by -15%, then the required rate of return for the next 14 years goes up to 7.25% from 7.00%, keeping the installment amount constant.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 155871.48 Crore) operating in Auto sector.

The stock quoted a 52-week high price of Rs 2862.9 and a 52-week low of Rs 785.85.

Volumes were quite high, and a higher top higher bottom pattern was formed. From highs, the price witnessed some selloff as it took the support of previous bottoms around 93 and moved above the previous high of 104.65; the stock indicated further upside from here.