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The stock has shown resilience in the last few months. It fell a little over 3 per cent in a week but rallied more than 26 per cent in a month, and over 16 per cent in the last 3 months, Trendlyne data showed.

On the technical charts, the 200-day moving average of the stock stood at Rs 628.78.

The brokerage house said aluminium price has sharply corrected from its peak on the back of expected demand slowdown globally and pick - up in aluminium output from China has further adversely impacted LME prices. It added that the demand environment across the can segment is expected to remain robust given its counter cyclical nature and sectoral supply constraints.

A total of 7,860 shares changed hands on the counter till 12:53PM (IST).

NSDL was incorporated in 1996 after the Depositories Act came into force. The company is likely to raise Rs 4,500 crore from the primary markets at a valuation of Rs 16,000-17,000 crore.

NSE data shows that the number of new investors registered on the stock exchange stood at 20.41 lakh in October 2021. Since then, with each passing month new registrations are getting lower. In April 2022, the latest data of which is available, new registrations stood at 13.29 lakh after falling 10 per cent on a month-on-month basis.

The stock quoted a 52-week high price of Rs 378.6 and low of Rs 166.8.

The Nifty Auto index was trading 0.52 per cent down at 10916.7.

“Purely from a monsoon perspective, some of the names where we have a positive view are Coromandel International, United Phosphorus and UPL. These are the companies where we like the core business and if we have good traction on the monsoon over the next few weeks, then these companies will see renewed buying interest.”

CESC Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 9265.74 Crore) operating in Power sector.