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The Relative Strength Index of the stock stood at 48.75 on Thursday.

A total of 7,547 shares changed hands on the counter till 01:54PM (IST)

“The deal pipeline has never been stronger over many quarters and I have absolutely no concerns on that front. The sales engine is rocking. The challenge for us would be to ensure that we service all the requirements. So demand is not an issue, supply definitely is an issue and we need to figure out ways to address that.”

Sebi received representations from investment bankers of LIC IPO saying markets across the world are currently volatile due to political factors and large institutions are going lower their risky bets.

Shares of Monte Carlo Fashions have remained flat in the year 2022 so far, whereas the scrip has rallied about 170 per cent in the last one year. On Thursday, it was trading about a per cent higher at Rs 600.30.

Mastek Ltd., incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 8486.09 Crore) operating in IT Software sector.

Seasoned investor Porinju Veliyath made some interesting rejig in the portfolio of his PMS service Equity Intelligence India. Kerala-based Veliyath is the founder of Equity Intelligence India and is widely followed by retail investors. The smallcap czar invested in three stocks, including one fresh buy, and trimmed stake in two others during the quarter. Let us have a look at the rejigs he did to his Rs 167 crore portfolio:

“For the next few quarters we would see limited earnings support because we are seeing margin compression across the board.. This year is likely to be range-bound, consolidating and the focus should be on bottom-up stock picking. It has been our communication to our clients as well that one should treat 2022 as a consolidation year rather than for making money.”

One dominant theme of the last two days has been heavy buying in Reliance Industries. The stock that has a big weight in Nifty and Sensex hit all-time high levels on Thursday.

The Relative Strength Index of the stock stood at 47.62 on Thursday.