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If I look at it from a behaviour perspective it is not happening on a immediate basis. But if you look at it from a longer term perspective then maybe it will take many more years to reach that crisis. I do not think it is happening. I think inflation is settling down, when we look at the core CPI number, things are changing globally. So I am not that pessimistic at this point in time the way market participants are.

The stock quoted a 52-week high price of Rs 742.25 and a 52-week low of Rs 455.05.

On the technical charts, the RSI of the stock stood at 69.71.

Hindustan Unilever, incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 640216.63 Crore) operating in FMCG sector.

A total of 4,232 shares changed hands on the counter till 12:13PM (IST).

Jefferies believes that select demand pockets like private capex revival and PLI upside may remain healthy. While recommending a bottom-up approach in stock selection, it has come out with 5 midcap stock ideas for 2023:

China has managed to avert a hard landing by offering a relief package to the residential property developers, whether the sector will see a meaningful recovery remains a medium-term issue, according to GREED & fear.

All other top crypto tokens were trading higher. Ethereum rose 4% while Polygon jumped 3%. Bitcoim, Polkadot, Litecoin and Tron added 2% each.

As of 30-Sep-2022, promoters held 54.9 per cent stake in the company, while FIIs held 18.21 per cent and domestic institutional investors had 11.55 per cent.

I think among the new age companies probably if you have to look at something you should go for a company like Zomato. I think Zomato is something where we are looking from the perspective that this is one company which is tapping a wide space and has got some bit of a pricing power. I think we are still sort of sceptical on lot of names.