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"In the enterprise domain, technology and BFSI have been the major growth drivers for the current quarter. For us, the key focus for the upcoming quarter would be on telecom, 5G, and communication. We continue to see strong market demand for new-age technologies and we will continue innovating in the Data Processing Systems (DPS) & Business Process Systems (BPS) segments to further capitalize on this opportunity."

The Relative Strength Index of the stock stood at 34.17 on Thursday.

The escalation to a hawkish 75 bps hike, higher than the 50 bps guided earlier, is in response to the surprisingly high retail inflation at 8.6 per cent for May 2022 and spiked up inflation expectation. With the unemployment rate at historical low levels there is a risk of the wage-price spiral setting in.

The stock quoted a 52-week high price of Rs 6573.05 and low of Rs 3455.85.

The Relative Strength Index or RSI is mid-range and is near oversold levels. RSI is 37.4, RSI below 30 is considered oversold and above 70 overbought, Trendlyne data showed.The Money Flow Index (MFI) uses price and volume data for identifying overbought or oversold signals is at 28.4. MFI below 30 is considered oversold. This implies that stock may rebound, added the report.

“For a company like HUL, the market share gains have been the highest seen in the last decade. And that augurs very well going into the future. The second important bit is how to protect the business model. These are not easy to do, it requires a significant amount of ingenuity to play both the games.”

At the interbank foreign exchange, the rupee opened strong at 78.06 against the US dollar, then inched lower to quote 78.07, registering a rise of 15 paise over the last close. It was moving in a very tight range in early deals.

"Along with the highest rate hike in 28 years, Powell delivered the clear message that the Fed has the tools and resolve to achieve price stability. Also, the Fed is significantly reducing the size of its balance sheet. This has negative implications for equity markets globally. Any relief rally is unlikely to last long," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The Nifty Bank index was trading 0.13 per cent down at 33297.1.

Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 23602.83 Crore) operating in Cement sector.