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What has helped ITC’s cause is its underperformance to the benchmark indices and the FMCG index over the past year. While Nifty50 is up more than 25 per cent in 2021 so far, shares of the cigarette-to-shampoo company have risen 15 per cent.

A total of 47,059 shares changed hands on the counter till 10:31AM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 209.17.

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1626074.98 Crore) operating in Diversified sector.

The stock quoted a 52-week high price of Rs 1394.0 and low of Rs 558.95.

Jhunjhunwala bought 1.39 per cent in the PSU during the April-June quarter. But the stock is on a steady fall after it hit its peak of Rs 151.10 on May 10.

“Metals, especially steel stocks will be volatile but still a lot of returns can be made over the next six months if Evergrande does not become an issue.”

“The next leg of the market hopefully will come from the domestic cyclicals that includes domestic discretionaries like auto, building materials, cement and last but not the least, financials and banks.”

“Sectors and stocks that fall less when markets fall and rise more when markets go up: and I think that should be the mantra or that should be the strategy for the next few months.”

Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 22344.56 Crore) operating in NBFC sector