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"With inflation above 6 per cent, the current account deficit at nearly 4 per cent of GDP, extreme fiscal stress and an uneven growth recovery, we project a sharp rise in macro vulnerabilities," said Nomura India in a note.

As of 31-Dec-2021, promoters held 39.99 per cent stake in the company, while FIIs held 34.6 per cent and domestic institutional investors had 1.88 per cent.

The Relative Strength Index of the stock stood at 48.94 on Tuesday.

“Decline in oil prices is a positive and food and are the two big inflation components that are driven by the Russia-Ukraine conflict. One can make distinction between countries that are affected directly and indirectly. There are parts of the world like Europe which imports a lot of energy and wheat etc from Russia and they are directly impacted. The rest of the world is indirectly impacted.”

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 226558.59 Crore) operating in Gems and Jewellery sector.

The Nifty Bank index was trading 0.35 per cent up at 35435.15.

A total of 538,715 shares changed hands on the counter till 10:20AM (IST)

The stock quoted a 52-week high price of Rs 2679.0 and a 52-week low of Rs 1026.63.

In a truncated week between February 28 and March 4, the rupee swung as much as 1.55 percent to an intraday low of 76.45 from an intraday high of 75.28 a dollar as the Russian invasion of Ukraine caused asset prices to whipsaw wildly. The Reserve Bank of India (RBI) is estimated to have sold 2-4 billion worth of dollars to arrest further losses in the local unit’s value during the week.

“Infosys and HCL Tech among the largecaps and also some good midcap IT names can be considered. From simple certifications, the contracts are moving towards transformation, partnering companies for change in outcome. That is keeping some of these names interesting despite all the wage and supply side issues. So maybe MindTree, KPIT, L&T Infotech in the midcap basket can also be considered.”