Rs 4,000-3,700 is a strong demand zone for IRCTC where one can expect some relief rally but 20-DMA, which is currently placed at Rs 4,500, will act as an immediate hurdle, said Santosh Meena, Head of Research at Swastika Investmart.
Γ’β¬ΕWith very steady cash flows, decent positions, India beverages business is growing from strength to strength. But the big jump will be in the food business as we go forward.Γ’β¬Β
A total of 128,956 shares changed hands on the counter till 01:37PM (IST).
Founded in 2012, Nykaa is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. It has a diverse portfolio of beauty, personal care and fashion products, including its own brand products manufactured by third party manufacturers.
On the technical charts, the RSI of the stock stood at 53.63.
The ongoing quarterly earnings will be the major factor driving market trends going ahead and benchmark indices may face volatility this week amid derivatives expiry, analysts said. Markets will also track global equities for further direction, they added.
The stock quoted a 52-week high price of Rs 606.0 and a 52-week low of Rs 346.0.
The Relative Strength Index of the stock stood at 29.85 on Monday.
"This is a moment of reckoning probably for all the people who entered markets for the first time post the Covid lockdown and who have seen only good things up until now."
Bharti Airtel chief Sunil Mittal said the company will opt for the four-year moratorium on spectrum and AGR payments, which will help it conserve a cash outgo of Rs 35,000-40,000 crore that would be used for network and other capital expansion programmes.
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