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One data point that has stuck out like a sore thumb for the quant strategist is the relative strength index of the Nifty50 futures.

The stock traded at a P/E multiple of 308.66, while the price-to-book value ratio stood at 5.13.

Havells India Ltd. key Products/Revenue Segments include Cables, Electrical Consumer Durables, Traded Goods, Domestic Switchgears, Light Fittings & Fixture, Others, Export Incentives for the year ending 31-Mar-2021.

“The Reliance valuations are justifiable and the stock has moved up in the last couple of months. Another 15%-20% movement is still warranted from Reliance in near term.”

“Though demand is visible and there is good momentum, one has to be careful about selecting what one wants to buy at these levels.”

“The government should get airlines to operate flights to every destination that used to operate prior to Covid-19 restrictions on flights.”

“It is better to play auto ancillaries rather than auto stocks at this juncture.”

In the 50-share pack Nifty, Tata Motors was the biggest gainer, up 10 per cent. M&M, Asian Paints, Tech Mahindra, Tata Consumer, Adani Ports, Power Grid, Divi’s Labs and Kotak Mahindra Bank were among other gainers.

Sunteck Realty Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 7444.16 Crore) operating in Real Estate sector.

The 30-share BSE Sensex was up 336.33 points at 60620.64