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As of 30-Sep-2022, promoters held 45.25 per cent stake in the company, while FIIs held 19.3 per cent and domestic institutional investors had 18.04 per cent.

Price of SGB is fixed on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited (IBJA) for the last three working days of the week preceding the subscription period.

Larsen & Toubro., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 305331.03 Crore) operating in Construction sector.

“Apart from the pollution ban, there was no other constraint and now that is also gone. The real estate for both commercial as well as residential segments are looking up. In fact, residential had already come up about six, eight months back and now commercial real estate is also looking up.”

Previously the stock turned from this level and there was seen a rally towards 73. On hourly, chart it is making N wave which is looking lucrative.

Last Week, Food Secretary Sanjeev Chopra said the ministry will assess the domestic production of sugar in January before considering a hike in the quota. The food secretary was speaking on the sidelines of the Annual General Meeting (AGM) of industry body ISMA.

The yellow metal kickstarted the year at around Rs 48,000 levels and touched a high of Rs 55,000 in March on the back of a geopolitical crisis led by the Russia-Ukraine war.

“Midcap stocks is the flavour of this quarter, so we have selected the best of the pack. GMR Infra on the quarterly charts has tested the levels of 10 twice (30.09.2013 & 30.12.2016 quarter) & has formed a double bottom pattern,” Sujit Deodhar, Head - Technical Analyst, Wellworth Share & Stock Broking, said.

"We are expanding hiring beyond the 10 cities, we are going into non-traditional areas and hiring non engineers a lot more than we used to. The women labour force participation is moving up much faster. It is still embarrassingly low at 25%, but it had gone down to 19%. Hopefully, we will get back to the 90-91 peak of 31%. My sense is that domestic consumption right now and IT are the two engines. So sales, customer service and logistics are where we see the fastest hiring and where the most open positions are."

"We believe that slowdown in growth rates is also baked into stock prices. We expect growth rates of 5-8% in FY2024E, down from 11-16% in FY2023E for Tier 1. A deeper recession has implications on multiples and is not fully priced in," Kotak said.