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As of 31-Mar-2022, promoters held 0.0 per cent stake in the company, while FIIs held 13.34 per cent and domestic institutional investors had 15.31 per cent.

The Relative Strength Index of the stock stood at 54.0 on Friday.

The majority of the brokerages have a positive view on the counter as they suggested investors to hold the stock from a long-term perspective.

“At this point, one leg of the pain from inflation has been captured. The second leg of the potential pain is out there and I will wait for that to play out before making more authoritative calls like the bottom has happened. I believe the pain from inflation can stretch a lot longer and that is why I would be a little bit more cautious about making a hard call that markets are going to bottom well before inflation pain is out.”

A total of 14,831 shares changed hands on the counter till 12:48PM (IST).

Founded in 2016, led by Nagendran Kandasamy, an ex-Boeing, aeronautical industry veteran, TAS has been approved by Directorate General Civil Aviation (DGCA) and Ministry of Defence (MoD) to manufacture civil and military grade drones. the company did not disclose the financial details of the transaction.

Shares of Solar Industries will go ex-dividend. The company had announced a final dividend of Rs 7.5 per share. Manappuram Finance will also go ex-dividend today. It had announced an interim dividend of Re 0.75 per share

For the last couple of quarters, Asian Granito stock is consistently facing resistance at a higher level. It has been consistently forming a lower top series formation. After a long correction, currently, the stock is trading near the crucial support level. We are of the view that the short texture of the stock is weak but is in an oversold zone.

“The only negative for IndiGo at this stage is high fuel prices and if our case is that fuel prices will remain high forever and go up further, then it is not a good case to take a bet on. I would personally be positively inclined at this stage because I believe that it is one of the better reopening trades and new players will need to burn a lot of cash to establish themselves.”

“All the top three, four banks should give returns which are more or less in tandem with each other and I do not see any bank really outperforming significantly. They are all having similar types of growth rates; valuations also have kind of come to more or less similar levels. So, depending on what one has in the portfolio and does not have, one can buy any of these banks.”