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Promoters held 59.47 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 24.44 per cent and 3.63 per cent, respectively.

BHL is the first private player to be awarded a tender for the highly regulated, government-owned business of opiate processing in India. The company plans to execute these tenders at their API manufacturing unit located at Savli, Gujarat.

A total of 359,382 shares changed hands on the counter till 12:38PM (IST)

The stock quoted a 52-week high price of Rs 848.0 and low of Rs 595.85.

“Not only have new demat account openings come down, we are at two-year lows in terms of trading volumes on the exchanges. Markets are volatile and the very active intraday traders who trade on Futures and Options, still have opportunities to trade. But investing is down 20-30% for someone like us who added a lot of accounts. On the overall exchange level, those drawdowns are more. We are almost at two to two-and-a-half year lows in terms of equity trading volumes as well.”

On the technical charts, the 200-day moving average of the stock stood at Rs 874.48.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 111782.48 Crore) operating in Auto sector.

The stock quoted a 52-week high price of Rs 7595.25 and a 52-week low of Rs 3733.25.

On the technical charts, the RSI of the stock stood at 65.03.

“Even in terms of the agrarian theme, I would look at a much broader canvas. Once agrarian demand starts picking up, the rub off in terms of demand flows down very quickly to cities and to the entire country. Whether it is consumer staples, paint companies or two wheelers, it can result in much broadbased impact as far as the entire economy is concerned.”