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“There are always two portions in a portfolio that one has to manage. One portion is high confidence and reasonable returns and that is where ITC fits in and that is the stable part of the portfolio. The other one is reasonable confidence and high return and that is where Vedant Fashions, Campus and Zomato fit in.”

A total of 9,893 shares changed hands on the counter till 12:29PM (IST).

Promoters held 45.25 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 18.82 per cent and 18.9 per cent, respectively.

The stock traded at a P/E multiple of 4.3, while the price-to-book value ratio stood at 1.08.

While poll medians showed a terminal fed funds rate - a level at which they would peak in the current tightening cycle - of 3.50%-3.75%, expected in Q1 2023, nearly 80% of economists who replied to an additional question, 29 of 37, said the risks were skewed towards a higher rate than they expected.

"Zomato’s target of reaching a double-digit contribution margin in the long term hinges on a rise in commissions from restaurants (we expect it to rise from 15 per cent in FY22 to nearly 17.5 per cent in FY31F) and charging higher customer delivery fees (we believe this would be difficult, and expect it to remain steady at 6 per cent)," it said.

“Traders will stare at the prospects of 17000 again, for the August expiry, but will fancy slim chances of recovery, should Monday volatility fail to penetrate 17600 and manage to pull back above 17720 which meets the internal trendline. Inability to do so will call for 17300 initially,” he added.

"Friday’s decent correction has validated our stance of staying light at higher levels and now, the way our key indices snapped their 8-days winning streak, it does not augur well for monthly expiry week. If we see some nervousness globally, we may see Nifty50 testing lower levels of 17,600-17,450," said Sameet Chavan of Angel One.

The Relative Strength Index of the stock stood at 88.57 on Monday.

Titagarh Wagons Ltd., incorporated in the year 1997, is a Small Cap company (having a market cap of Rs 1788.78 Crore) operating in Engineering sector.