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A total of 146,959 shares changed hands on the counter till 11:48AM (IST)

The stock traded at a P/E multiple of 64.14, while the price-to-book value ratio stood at 6.41.

On the technical charts, the 200-day moving average of the stock stood at Rs 1352.13.

L&T Technology Services Ltd. key Products/Revenue Segments include Service (Engineering) for the year ending 31-Mar-2020.

A total of 13,271,598 shares changed hands on the counter till 10:25AM (IST).

“For incremental investment, we are far more comfortable putting money into Infosys and to some extent HCL Tech than midcap IT cos.”

The Nifty Auto index was trading 0.44 per cent down at 11575.55.

Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 193234.93 Crore) operating in FMCG sector.

Promoters held 38.18 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 18.51 per cent and 3.2 per cent, respectively.

“When you are buying quality at any price, then you are compromising your future return. You are assuming that these valuations will continue forever.”