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Star Cement Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 3771.00 Crore) operating in Cement sector.

A total of 29,211 shares changed hands on the counter till 12:17PM (IST).

Majority of the brokerages including Jefferies, Morgan Stanley, JP Morgan, CLSA and Nomura have cut target prices on Infosys by 4-7 per cent after the fourth quarter numbers came in below expectations.

The Relative Strength Index of the stock stood at 50.57 on Tuesday.

The US dollar index, which measures the strength of the currency against six major rivals had strengthened past 101 on Tuesday, the first time that level was breached since March 2020. The index was last at 100.68 versus its previous close of 100.97.

Cigniti Technologies CEO Srikanth Chakkilam was quoted in reports as saying that the deal is an outcome of deep-rooted expertise encompassing functional, process, business and digital assurance services for large enterprise customers.

The company’s counter jumped to a high of Rs 2,489 as against Rs 2,370.85 at previous close on the BSE.

Following the announcement of results, shares of Tata Steel Long Products tumbled 6 per cent to Rs 753, before trading at Rs 758.35 at 10.25 am. The scrip had settled at Rs 799.45 on Tuesday.

Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 60064.27 Crore) operating in Services sector.

Edelweiss expects the cement stock to outperform going ahead given the undemanding valuations of 10.9 times 2022 and 8.8 times 2023 EV/Ebitda. In case the parent’s stake is on the block, ACC deserves a premium over its $100 EV/tonne valuation, for its strong brand and pan-India network, it said.