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“I believe that Tata Motors has done whatever it could do to make a comeback. They have corrected their cost structure, they lean and mean now. Tata Motors probably remains a compelling buy at this point of time. One needs to have holding capacity for at least next three years to get rewards out of this vehicle maker. That is what my take would be.”

A total of 21,690 shares changed hands on the counter till 12:49PM (IST).

“If you have to save bonds, we will have to sacrifice equity and if you have to save equity we will have to sacrifice currency significantly so my sense is that the best thing for RBI and I have made this point many times over that pivot to weakening currency dramatically from here anyways foreigners are actually leaving you and they will continue to leave for reasons which are very fundamental and we can discuss them separately.”

As of 31-Mar-2022, promoters held 0.0 per cent stake in the company, while FIIs held 13.34 per cent and domestic institutional investors had 15.31 per cent.

The Relative Strength Index of the stock stood at 55.52 on Tuesday.

Varun Beverages Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 52256.27 Crore) operating in FMCG sector.

The Relative Strength Index of the stock stood at 51.29 on Monday.

“Once earnings revision starts to come in towards Q4 of this year, it is probably going to be the point where we are going to be clear on the path and trajectory of markets. It really gives us that catalyst. We ought to say the worst is over, valuations look attractive. We can now just deploy that cash that we have been holding on to and get into positions that are attractive on a valuation and growth basis.”

"Stronger crude oil, weak Asian and emerging market currencies, a rising dollar and benchmark bond yields could keep appreciation bias capped. However, equity futures in Asia have started with gains and could cap depreciation bias," Iyer said.

Gold is seen as an inflation hedge, although higher short-term US interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest. A firm US dollar makes gold less attractive for buyers holding other currencies.