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“Nazara’s track record is about investing in these companies not just the money but amount of time and strategic intent and then growing them very fast. Our track record of creating value has been phenomenal. Look at Nodwin. We took roughly Rs 17-18 crore of revenue in January 2018 and this year it will finish at Rs 2,010-2,014 crore.”

Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan said the index witnessed a bounce back from the lower Bollinger Band on the daily scale.

The category II Alternate Investment Fund (AIF) aims to harness opportunity of investing at pre-IPO stage in Indian growth stage businesses that are on the verge of a big bang breakout, thus investing with clear focus of value arbitrage without taking long-term risk, according to a statement.

Nestle India, which follows the January-December financial year, will likely report 5-10 per cent year-on-year growth in revenue and low single digit growth in profits, analysts tracking the company said. Margins may also come down during the quarter.

HSBC maintained ‘reduce’ on the stock and set a target price of Rs 150. This means a potential downside of about 40 per cent from current levels. Interestingly, this is not the lowest target on the stock as another analyst has a target of Rs 130 on the counter.

“Starting from last week of February, early March till as late as last weekend, I have never seen a stronger traction across our portfolio brands, not just at the very high end where we virtually own the market but even if I look at children as a category, parenting and grand-parenting as a category through Hamleys and Mothercare kind of brands, it is possibly one of the strongest demand patterns.”

“As things settle, we will get back to the trend line in terms of ESG being important. Now again, there is going to be potentially a little bit of a swing away from possibly ESG becoming binary. That element will tend to disappear but the secular trend towards being a more important part of how the markets value you and how you build and grow your business will continue.”

The Relative Strength Index of the stock stood at 49.62 on Wednesday.

Analysts have been bullish on the counter for a while now, and even recently many have upgraded target prices on the counter. Goldman Sachs is one of them that has set a target of Rs 3,200 on the stock.

The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 19020.36 Crore) operating in Cement sector.