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As per BSE data, cumulative retail demand fell to 0.39 times from 0.90 times the previous day. The quota reserved for non-institutional investors was subscribed 9 times compared with 11.75 times the previous day. The quota reserved for employees also saw withdrawals and stood at 4.56 times compared with 7.76 times in the previous session.

“Valuation wise, the ITC stock has always remained undervalued. Cash flow wise, ITC has always produced a higher amount of cash and free cash which has just given work to so many other businesses. Given there are no hurdles both on the investing side as well as on the business side, money has started coming into ITC and that is where we have seen the action”

The good news is empirical data reveals that companies embracing ESG standards are performing better than their peers. In short, good governance is good business.

Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 30391.96 Crore) operating in Tourism & Hospitality sector.

The stock quoted a 52-week high of Rs 153.4 and a 52-week low of Rs 93.2.

Gold futures on MCX were trading down 0.53 per cent or Rs 271 at Rs 51,300 per 10 grams. Silver futures were trading lower by 0.43 per cent or Rs 394 at Rs 67,811 per kg.

The Relative Strength Index of the stock stood at 50.91 on Tuesday.

GR Infraprojects’ scrip rose to a high of Rs 1,488.95 as against Rs 1,451.15 at previous close on the National Stock Exchange.

The partially convertible rupee was last at 75.99/$1 as against 76.16/$1 at previous close. The Indian currency had opened weaker at 76.3290/$1 before quickly going on to notch up gains versus the dollar. So far in the day, the rupee moved in a range of 75.9490-76.3620/$1.

Uflex Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 4410.68 Crore) operating in Packaging sector.