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“Maybe buy half of HDFC Bank now and wait out to see if the markets give another leg down over the next few weeks. The downside on HDFC Bank as per me is pretty limited because typically even if the interest rate hike cycle starts, HDFC Bank weathers it very well compared to most other banks especially PSU banks.”

Quality can be defined differently by many analysts, but there is a consensus that a company that uses its capital efficiently and churns good profits for its shareholders consistently can be regarded as a quality name.

A total of 263 shares changed hands on the counter till 11:47AM (IST).

"Our analysts preferred stocks within these sectors include Bharat Electronics, Tech Mahindra, HCL Tech, Shree Cement and Hindalco," the brokerage said.

Promoters held 41.94 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 39.77 per cent and 9.54 per cent, respectively.

The Relative Strength Index of the stock stood at 46.18 on Thursday.

The stock quoted a 52-week high price of Rs 1147.9 and a 52-week low of Rs 753.45.

Tata Power holds 26 per cent stake in the joint venture through its wholly-owned Singapore-based arm Tata Power International Pte Ltd. The balance 74 per cent stake is held by ICICI and others.

On its part, Maruti Suzuki would like to sustain a strong growth momentum of FY22 on the back of its biggest product offensive seen in recent years. That will see significant reinforcement in the SUV portfolio. It will be banking on a new range of SUVs – both below and above 4 metres in length - to regain lost share.

The domestic retail rates of petrol and diesel have remained unaltered since the beginning of November. Oil marketing companies are widely expected to raise prices now since the state elections, a key hurdle to price revision, have concluded.