The stock has formed a higher base above 100 day’s EMA and subsequently witnessed a faster pace of retracement wherein it retraced the preceding 10 week’s decline in just four weeks, highlighting the robust price structure.

Mahindra & Mahindra, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 152807.01 Crore) operating in Auto sector.

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 491032.14 Crore).

Breakdown from a “Bearish Flag and Pole” pattern, rise in OI reaffirms bearish momentum.

Bandhan Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 36219.56 Crore).

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 586453.78 Crore).

Grasim Industries, incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 105759.06 Crore) operating in Diversified sector.

Axis Bank., incorporated in the year 1993, is a banking company (having a market cap of Rs 261340.59 Crore).

The brokerage maintains buy as it still expects 20% EPS CAGR and 2pp RoCE improvement over FY23-25E, along with cheap valuation.

Bharti Airtel, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 460245.06 Crore) operating in Telecommunications sector.

Promoters held 63.9 per cent stake in the company as of 31-Dec-2022, while FIIs owned 26.45 per cent, DIIs 3.39 per cent.

ITC’s earnings performance in the last couple of years and in FY24 shines like a beacon.

TTK Prestige, incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 10430.71 Crore) operating in Consumer Durables sector.

Promoters held 55.85 per cent stake in the company as of 31-Dec-2022, while FIIs owned 14.88 per cent, DIIs 15.1 per cent.

Promoters held 45.24 per cent stake in the company as of 31-Dec-2022, while FIIs owned 19.32 per cent, DIIs 22.62 per cent.

Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 210249.96 Crore) operating in Gems and Jewellery sector.

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 308224.46 Crore) operating in Construction sector.

Price sustaining above 100 days EMA and the recent trendline breakout area signaling further upward momentum in coming sessions.

Promoters held 75.15 per cent stake in the company as of 31-Dec-2022, while FIIs owned 7.14 per cent, DIIs 12.72 per cent.

Promoters held 47.27 per cent stake in the company as of 31-Dec-2022, while FIIs owned 4.93 per cent, DIIs 7.57 per cent.