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A total of 6,644 shares changed hands on the counter till 01:29PM (IST).

The stock quoted a 52-week high price of Rs 1420.65 and a 52-week low of Rs 910.0.

As of 31-Dec-2021, promoters held 38.18 per cent stake in the company, while FIIs held 18.57 per cent and domestic institutional investors had 3.14 per cent.

An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the Reserve Bank of India, the people said, asking not to be identified as the information is private. The deal would include a cash component of less than $2 billion, accounting for the consumer business’s liabilities, the people said.

Operating profit margins for a sample of 432 companies (excluding banks and financials) contracted 200 basis points year-on-year (Y-o-Y) as raw materials costs jumped 466 basis points Y-o-Y. High costs ate into margins.

“It is better to be safe right now. Be in stocks where you are sure about the earnings; concept stocks and price to sales and some other random multiples can be avoided. We are broadly underweight IT but we would be long on specific stocks where we think there is strong earnings momentum; we have been very long in PSU banks and have upped our exposure. In auto, commercial vehicles make the best bets.”

A $10 move in crude adds about 0.4 per cent to the current account deficit (CAD) and a higher current account deficit impacts the currency, said Aniruddha Naha, Head-Equity, PGIM India Mutual Fund, who believes one has to closely track crude oil prices.

The stock quoted a 52-week high price of Rs 449.8 and low of Rs 231.95.

“Price stability is definitely uppermost in our minds and price stability basically means maintaining and adhering to the inflation target,” Das said at a press conference after the RBI’s central board meeting.

The Relative Strength Index of the stock stood at 37.95 on Monday.