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Asian Paints consolidated net profit for the December quarter rose 5.6% on year to Rs 1,073 crore, while revenue increased by a moderate 1.3% to Rs 8,636.74 crore. >> For more such web stories click on the ET icon below

A key positive would be a much-needed increase in FDI limits for PSU banks from the current 20%, which will help set the stage for potentially mobilising a large divestment pool, while also being aligned with intended reforms in the sector.

The stock quoted a 52-week high of Rs 608.65 and a 52-week low of Rs 430.0.

On the technical charts, the 200-day moving average of the stock stood at Rs 2251.18.

Axis Securities is positive on KNR Constructions, PNC Infratech, RITES, KEC International, and PSP Projects to do well among infra stocks. These stocks have given returns in the range of 2.35-12.63% so far this year on a year-to-date (YTD) basis. KEC International has offered negative 1.52% returns this year.

Moreover, low cost and technological upgradation of trading infra are the key drivers of growth. Everyone is focusing on technology and leading players have been seen advancing both their back-end and front-end with the latest technologies, the survey noted.

A total of 82,152 shares changed hands on the counter till 02:14PM (IST)

Bullish flag breakout and sustaining above 13 days EMA signaling further upward momentum.

Shares of the private sector lender have given double digit returns so far in the current financial year, but have still underperformed Nifty Bank. The stock has gained 19% compared to the 22% gains for the banking gauge.

Promoters held 29.3 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 49.97 per cent and 6.42 per cent, respectively.