Surpassed the hurdle of the downtrend line at 285levels. Daily RSI shows a positive indication.

The brokerage is bullish on the counter considering the anticipated improvement in the margin trajectory, better capital allocation, and reasonable valuation.

Aditya Birla Capital, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 37765.09 Crore) operating in NBFC sector.

Promoters held 65.48 per cent stake in the company as of 31-Dec-2022, while FIIs owned 22.21 per cent, DIIs 9.41 per cent.

Metropolis Healthcare, incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 6731.32 Crore) operating in Hospitals & Allied Services sector.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 609757.04 Crore).

Promoters held 35.19 per cent stake in the company as of 31-Dec-2022, while FIIs owned 27.95 per cent, DIIs 23.54 per cent.

Macrotech Developers, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 49056.14 Crore) operating in Real Estate sector.

Astral, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 38889.58 Crore) operating in Plastics sector.

Promoters held 32.5 per cent stake in the company as of 31-Dec-2022, while FIIs owned 29.73 per cent, DIIs 15.61 per cent.

With capacity utilisation in TBR space across FY23 set to be in the band of 75-80% for CEAT, capex for FY23-24E is likely to be sub-Rs10bn p.a., helping the company avoid any increase in debt on books.

TechM’s wallet share in top-5 clients has been reducing for past four quarters and this is likelyto continue over the next two quarters as well due to increased level of automation and cost-reduction programmes undertaken by these clients.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 609757.04 Crore).

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 302441.39 Crore) operating in Construction sector.

Promoters held 57.5 per cent stake in the company as of 31-Dec-2022, while FIIs owned 10.09 per cent, DIIs 25.33 per cent.

Power Finance Corporation, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 40960.86 Crore) operating in Term Lending Institutions sector.

Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 42.99 per cent, DIIs 31.32 per cent.

Gujarat State Petronet, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 15685.08 Crore) operating in Gas & Petroleum sector.

Moreover, despite aggressive store additions, it has seen limited balance sheet risk or weakness in operations.

IDFC First Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 35268.50 Crore).