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“Near term because China is so cheap and India goes through this kind of a course correction where we are a current account deficit country, it may work to China’s advantage and China may outperform India. For the India funds, we are more defensive from the next 6-9 months’ perspective. Longer term, it is a strong domestic story. ”

"We want to see how the market reacts. The CPI has been making big movements each month of late, and this time it could fluctuate significantly either upwards or downwards, so we expect investors will want to reduce positions in advance," Akino said.

The consumer electronics retailer is commanding a premium of Rs28-30 in the unofficial market

The stock quoted a 52-week high price of Rs 817.95 and low of Rs 469.75.

The company has proposed a buyback of 14,16,666 fully paid-up equity shares of the face value of Rs 1 each at Rs 1,200 per share through the tender offer process

The Relative Strength Index of the stock stood at 41.59 on Thursday.

"Further, we have received consent for operation for 645 KLPD distillery. We will update on the trial run of 645 KLPD Distillery in due course," the company told the bourses in the exchange further.

A total of 36,512 shares changed hands on the counter till 01:19PM (IST)

"We lowered our stimate by up to 6 per cent to factor in a miss on margin," it added. It is awaiting further evidence of the execution of strategy, and a successful turnaround from its growth struggles over the last decade before turning more constructive on the stock.

Terra is a highly controversial blockchain project that blew up this year and arguably took down the entire crypto market with it. After its original coin was transitioned into LUNC (LUNA Classic) with a reinvigorated blockchain – a new LUNA has taken its place. And it was the highest gainer yesterday much like DYDX on Monday.