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The Relative Strength Index of the stock stood at 53.31 on Tuesday.

Vimal Kejriwal, MD & CEO, KEC International, said, “Our YTD order intake now stands at Rs 8,400 crores, with robust growth of 50 per cent vis-à-vis last year. The orders in the Middle East consolidate our presence in the region and significantly expand our T&D order book, particularly in the international market.”

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 474566.23 Crore).

“Does India truly decouple or have we seen the worst as far as the western markets are concerned? I am not clear. This is a time for consolidation, I do not expect a runaway bull market at any point in time. I would rather be cautious than being very aggressive in this market, let me put it this way. ”

"Indian companies, have a sanguine growth outlook, except possibly IT services where we are witnessing some slowdown. Q2FY23 will be the first quarter in the last 3 years to see a completely normal restriction-free economy. At the same time, different parts of India also see regional or national festivals that give a short-term boost to demand for various goods and services. Q2FY23 should see moderate to good revenue growth. Depending on the sector, we should also see profit margin pressures abating gradually."

As of 30-Jun-2022, promoters held 29.33 per cent stake in the company, while FIIs held 48.48 per cent and domestic institutional investors had 7.64 per cent.

The participation of retailers increased 133 basis points (bps) to 21.6 per cent in September 2022, from 20.3 per cent in September 2021. Commodity trading volume saw the highest spike of 2,549 bps to 53.3 per cent from Rs 27.8 per cent during the period.

“My first Dusshera pick is Mazagon Dock Shipbuilders. This is a stock which should not be missed at any cost. Again the reason is the kind of profitability this company is reporting. I am seeing multiple increase in their valuation as such and from Rs 470 crore profit last year, this year, I expect that company to have profit in four digits.”

Brokerages remain positive on the issue amid reasonable valuations, growth prospects and dominance in the markets. However, a few have raised concerns over dependence on major brands and online competition.

A total of 50,547 shares changed hands on the counter till 02:10PM (IST)