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Brokerage firm PhillipCapital is optimistic about the sector, estimating a robust Q4FY23 quarter for almost all metal companies. It has also identified stocks in ferrous, non-ferrous space that are expected to perform well.

Kajaria Ceramics, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 17864.30 Crore) operating in Building Materials sector.

Technically, Future Retail is trading below four out of eight SMAs. The stock traded lower than the 30-day, 50-day, 100-day, and 150-day moving averages but higher than the 5-day, 10-day, 20-day, and 200-day moving average.

As of 31-Dec-2022, promoters held 59.45 per cent stake in the company, while FIIs held 22.6 per cent and domestic institutional investors had 3.98 per cent.

I would say the time for health care in general has come back and if any of these opportunities come because of these one off events, I think those will be an added advantage.

The Relative Strength Index of the stock stood at 56.96 on Tuesday.

The IT sector is likely to experience an earnings cut in the next 2-3 quarters due to the recent turbulence in US banks leading to a slowdown in contract negotiations and new orders. However, the overall growth outlook for the top line is better than the 5-year average and the five-year average multiples look reasonable at this point in time. Margins are expected to improve as attrition moderates.

A total of 1,555 shares changed hands on the counter till 11:54AM (IST).

Unlike other high growth categories, the competitive intensity from organized and unorganized peers in Jewellery is considerably weaker.

Lemon Tree Hotels, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 6064.65 Crore) operating in Tourism & Hospitality sector.