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The stock has given returns of more than 10% over a 12-month period and outperformed the Nifty50 which has returned 0.3% during this period according to Trendlyne data. HDFC Bank’s returns have also been a notch better than the Nifty Bank and Nifty Private Bank indices.

However, falling inflation will push the RBI to pivot on the interest rate hike cycle, which could hurt the rupee going forward due to the narrowing interest rate differential between the US and India, Pabari added.

On the technical charts, the 200-day moving average of the stock stood at Rs 292.74.

Chennai Petroleum Corporation and Tina Rubber and Infrastructure are two other stocks wherein she cut stake during the March quarter. In the former, she reduced her holding by 0.1%. She held 3,164,020 shares or a 2.1% stake in Chennai Petro, worth Rs 80.7 crore, at the end of the March quarter.

Our capacity expansion is from 27 million to 37 million ton which is on track. We are expanding about 10 million tons in the next two years. And we would be giving some more colours with details on the projects during our May annual results meet.

Due to unseasonal rains and on account of lower yields and recovery rates across states, particularly Maharashtra and Karnataka, the sugar production estimate for the current season (SS23) is seeing a sharp cut from 35.5 million tonnes (mnt) earlier to 33 mnt now.

India is on the verge of secular growth for the next few decades with the government investing in public infrastructure. RBI is controlling inflation and balancing growth, which is essential for the country going through a significant amount of uncertainty. Bajaj Finserv is optimistic about the growth opportunities in financing, insurance, and investing. The company sees healthy competition as favorable and notes it needs to be spread throughout the country. The digital world has limited the constraints of the physical world, making it interesting for businesses to be in.

A total of 109,084 shares changed hands on the counter till 02:03PM (IST)

The latest quarterly shareholding pattern shows that MF holding in Adani Enterprises has gone down from 1.19% in the December quarter to 0.87% in the March quarter. In the case of Adani Ports, MFs reduced stake from 4.43% to 3.09% in Q4.

Trent, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 48195.21 Crore) operating in Retail sector.