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“Most of the last 18 months or so we have been running with a very big underweight on it but now we have raised consumer staples sector to neutral because while the multiples are still high, we still get growth visibility and good quality management and ROEs. If we get some negative surprises on the rate hike front by the Fed, the staples companies will be a good place to hide.”

“A weekly bullish candle, supported by volumes has been formed and a new high of 9420.50 is made by the stock, initiating a range breakout possibility,” Bharat Gala, President - Technical Research, Ventura Securities, said.

ICICI Lombard General Insurance Company key Products/Revenue Segments include Miscellaneous Insurance, Other Operating Revenue, Fire Insurance and Marine Insurance for the year ending 31-Mar-2022.

"Two, the return of FIIs into the Indian market, which has completely changed the market sentiments here. It is important to appreciate the fact that FPIs have made a complete turnaround in their strategy in India with sustained buying over the last 10 sessions. This, and the fact that India has the best growth story for this year and the next, will impart resilience to the market," Geojit said.

“If you are giving free electricity to farmers, this is a terrible thing. It is resulting in certain bankruptcy of the Punjab Government. It has been a serious problem. Supplying highly subsidised urea at one-third the world price is bad and results in farmers using too much of urea and not enough of the others and this spoils the soil. Freebies like PM Kisan schemes is bad.”

On the technical charts, the RSI of the stock stood at 61.31.

A total of 174 shares changed hands on the counter till 10:25AM (IST).

The company aims to raise Rs 766 crore via issuance of fresh equity shares, whereas existing shareholders and promoters will offload 33,69,360 shares aggregating to about Rs 71 crore.

The Nifty Auto index was trading 0.0 per cent at 12923.75.

UPL, Bata India, Godrej Industries, Elgi Equipments, Eureka Forbes, Kennametal India, Ahluwalia Contracts, Vidhi Specialty Food Ingredients, Andhra Paper, ADF Foods and Balmer Lawrie Investments will host their AGMs today.