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Promoters held 46.74 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 15.97 per cent and 15.78 per cent, respectively.

"Many of the global FPIs, which are basically ETFs, are trading out the cash as far as Indian equity is concerned and Reliance is becoming one of the prime stocks for offloading the position and taking out the cash is concerned. So that could be the reason for which the stock price is remaining subdued to downward."

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The Relative Strength Index of the stock stood at 43.22 on Tuesday.

Key triggers are recovery in GRMs ahead of estimates, faster consolidation in telecom leading to tariff upside in Jio, possible public listing of Jio leading to re-rating valuation multiple, retail biz gaining market share faster than expected and Jiomart GMV beating expectation.

With a competitive manufacturing base in India, the UK, the US, and Mexico, along with technical and logistical support worldwide, the company provides optimal product development and manufacturing solutions to its domestic and international customers.

The Anup Engineering, incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 989.02 Crore) operating in Engineering sector.

The stock quoted a 52-week high of Rs 440.75 and a 52-week low of Rs 206.1.

2023 will be a strong year of earnings for Indian banks, Morgan Stanley said in a note. Traders can deploy a Barbell strategy that could bring better outcomes this year, said the global brokerage.

A total of 8,304 shares changed hands on the counter till 12:04PM (IST).