The stock has given a flag pattern breakdown.

The brokerage expects merged entity to reportfootfalls of 170mn/185mn and pre-IND AS EBITDA margin of 19.7%/21.0% inFY24E/FY25E respectively.

Asian Paints, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 271774.31 Crore) operating in Building Materials sector.

PVR, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 15280.64 Crore) operating in Media & Entertainment sector.

LTIMindtree, incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 135863.18 Crore) operating in IT Software sector.

Data Patterns (India), incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 6851.11 Crore) operating in General sector.

Astral, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 37157.04 Crore) operating in Plastics sector.

Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 6.26 per cent, DIIs 24.82 per cent.

Promoters held 73.66 per cent stake in the company as of 31-Dec-2022, while FIIs owned 5.77 per cent, DIIs 9.06 per cent.

Taken support at 61.82% Fibonacci retracement ofprevious impulse and started next leg of up move.

Consolidation after a sharp rise provides an opportunity to participate in the next leg of up move.

Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 229664.34 Crore) operating in Pharmaceuticals sector.

IndusInd Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 83120.62 Crore).

Kalpataru Power Transmissions, incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 9449.49 Crore) operating in Power sector.

Abbott India, incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 42545.46 Crore) operating in Pharmaceuticals sector.

Greenlam Industries, incorporated in the year 2013, is a Small Cap company (having a market cap of Rs 4006.61 Crore) operating in Building Materials sector.

Greenply Industries, incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 1699.94 Crore) operating in Building Materials sector.

Greenpanel Industries, incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 3437.25 Crore) operating in Building Materials sector.

PNC Infratech, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 7263.91 Crore) operating in Infrastructure sector.

GNA Axles, incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1879.62 Crore) operating in Auto Ancillaries sector.