Bullish hammer like candle at the 200-day EMA thusprovides favourable risk-reward set up.

Reliance Industries, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1602085.89 Crore) operating in Diversified sectors.

Aurobindo Pharma, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 26853.57 Crore) operating in Pharmaceuticals sector.

Zydus Lifesciences, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 46161.57 Crore) operating in Pharmaceuticals sector.

Ceat, incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 5849.08 Crore) operating in Tyres sector.

Apollo Tyres, incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 19973.92 Crore) operating in Tyres sector.

Apollo Tyres, incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 19973.92 Crore) operating in Tyres sector.

Infosys, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 649115.56 Crore) operating in IT Software sector.

Mahindra CIE Automotive, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 16175.99 Crore) operating in Auto Ancillaries sector.

Promoters held 23.36 per cent stake in the company as of 31-Dec-2022, while FIIs owned 31.07 per cent, DIIs 24.92 per cent.

GAIL (India), incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 68841.29 Crore) operating in Gas & Petroleum sector.

Acquisition of the US-based Quant Systems (QS) will strengthen the company's offering in BFSI and Healthcare & Life science verticals which will aid the revenue growth of the company.

The brokerage believes gaining efficiency over business will help the company to get more profitability and higher return ratios.

Indraprastha Gas, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 30485.03 Crore) operating in Gas & Petroleum sector.

Reliance Industries, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1612809.99 Crore) operating in Diversified sectors.

Apollo Tyres, incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 20043.79 Crore) operating in Tyres sector.

TVS Motor Company, incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 51361.67 Crore) operating in Auto sector.

Promoters held 61.2 per cent stake in the company as of 31-Dec-2022, while FIIs owned 13.13 per cent, DIIs 14.15 per cent.

Correction arrested as indicated by a bullish reversal candle stick with a positive divergence on RSI.

Deepak Nitrite, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 24604.62 Crore) operating in Chemicals sector.