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Depending upon the bigger picture, the move could be in the direction of the trend or a reversal. So, any kind of a reversal or breakout pattern that either appears or starts getting confirmed at these times should be taken immediate note of and acted upon.

The stock traded at a P/E multiple of 4.83, while the price-to-book value ratio stood at 2.3.

“Last year, we launched pure coconut oil as well as Coco Onion and with that at least in the hair oils market, we have a larger presence now. So that would be our strategy going forward. This quarter has been a good quarter as far as the top line is concerned and we want to replicate that.”

Gati Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 1983.49 Crore) operating in Logistics sector.

Edelweiss expects Vodafone Idea to suffer a subscriber decline of 25 lakhs compared with a contraction of 34 lakh in the March quarter. In terms of average revenue per user (ARPU), Vi is expected to log quarter-on-quarter (QoQ) growth of 2.2 per cent. The brokerage sees inflationary cost pressures hurting Ebitda margins by 110 basis points QoQ for Vodafone Idea, as there was a one-off of Rs 150 crore in network and IT costs in the March quarter.

Subex’s HyperSense platform is a unified data analytics and AI orchestration platform, using technologies such as machine learning and AI. HyperSense assists with data preparation, model building and deployment, insight generation.

A total of 557,763 shares changed hands on the counter till 01:34PM (IST)

Following the development, shares of Avro India rallied 4 per cent to Rs 123.25 on Wednesday, before trading at Rs 122.80 by 11.00 am.The company is working towards the new business model by collecting, upcycling and making final products of HDPE, LDPE and PP plastic which are some of the highest used plastics in India for self-consumption and commercial sale.

On the technical charts, the RSI of the stock stood at 66.4.

Meanwhile, SpiceJet has entered into a full and final settlement with the Airports Authority of India (AAI) and has cleared all outstanding principal dues of the airport operator. With this, SpiceJet no longer remains on ‘cash and carry’ at AAI-run airports across the country and will revert to an advance payment mechanism for daily flight operations.