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The Relative Strength Index of the stock stood at 53.74 on Thursday.

The Relative Strength Index of the stock stood at 57.91 on Thursday.

“If the rural demand sustains itself, then we should have a reasonable passage during the year and with the softening of commodity prices the easing of price burden on the consumer also will go down to that extent. I do not expect any significant drop in demand in the FMCG space in coming months.”

Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 16637.76 Crore) operating in Real Estate sector.

The company recently acquired 43,234 square feet of land in Vapi, Gujarat, for shifting of existing manufacturing facilities and expansion of business. The company has also received permission for construction on the given land.

Credit Suisse has initiated its coverage on ICICI Lombard General Insurance with an outperform rating and a target price of Rs 1,400 as it believes execution on growth and retail health franchise scale-up will drive stock re-rating. The brokerage said that delayed ROE recovery warrants a discount to the long-term multiple. It values the company at 32x 24-month forward earnings to arrive at the target.

"In the medium to long term perspective, the Indian economy could do well and hence in our view the outflows should abate once the oil prices start to stabilize. We are convinced that India is a good structural investment opportunity and over the past few years the confidence in India has even grown considering the reforms and structural changes that India has seen."

Jhunjhunwala and his better half Rekha Jhunjhunwala owned a 5.05 per cent stake in Titan as of March 31, 2022. The June quarter shareholding data is yet to be out. This 5.05 per cent Big Bull stake was valued at Rs 9,646 crore as of today compared with Rs 9,026 crore on Wednesday, up Rs 620 crore.

On a quarter-on-quarter (q-o-q) basis, the production was 2 per cent down from 5.98 MT in January-March 2022. "The crude steel production was lower sequentially due to preponement of certain scheduled shutdowns during the financial year 2022-23," the company said.

"The impugned order dated March 28, 2022 cannot be sustained and is quashed... However, it will be open to the respondent Sebi to initiate proceedings for the relevant period against the relevant entities," SAT said in an order passed on July 1.