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The relative strength index (RSI) is at 64.8. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.

The stock quoted a 52-week high of Rs 1509.25 and a 52-week low of Rs 1002.5.

In the run-up to the Budget presentation, expectations are rife that she may tweak income-tax slabs to provide relief to the middle class and increase spending on the poor through programmes such as the rural job scheme while ramping up financial incentives for local manufacturing.

The Relative Strength Index of the stock stood at 43.78 on Wednesday.

TTK Prestige, incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 10796.65 Crore) operating in Consumer Durables sector.

With strong support from non-institutional investors and qualified institutional buyers (QIB), Adani Enterprises’ FPO had sailed through with 112% subscription. Retail investors, however, stayed away from the FPO.

The Nifty Auto index was trading 0.38 per cent up at 13374.9.

A total of 497 shares changed hands on the counter till 10:41AM (IST).

“In the next 12-18 months, it is far more important for India to meet its $5 trillion target or whatever the target is, to survive 2023-2024 without losing macroeconomic stability and the key is going to be maintaining and preserving macro stability in a very difficult global environment and then do things on the reform side and get to a faster growth trajectory.”

Tech Mahindra on Monday said its consolidated net profit for the quarter ended December declined 5.3% year-on-year (YoY) to Rs 1,297 crore. >> For more such web stories click on the ET icon below