A total of 9,977 shares changed hands on the counter till 12:10PM (IST).

​And post the market consolidation for the last 18 months, the valuations also have turned relatively reasonable. So on the whole, great fundamentals, solid liquidity and reasonable valuations I think that really provides a lot of support and a lot of push for the markets to continue to move forward.

The stock traded at a P/E multiple of 55.84, while the price-to-book value ratio stood at 9.17.

The Relative Strength Index of the stock stood at 79.65 on Tuesday.

A total of 12,465 shares changed hands on the counter till 01:58PM (IST).

A total of 19,537 shares changed hands on the counter till 10:46AM (IST).

A total of 6,307 shares changed hands on the counter till 11:02AM (IST)

ITC's profitability in FMCG and hotels should be generating profits, and the company should deliver on their promise of separating these businesses and floating them separately to unlock value. The distribution restrains and give-and-take happening between United Spirits and the government to constrain the margins is the biggest challenge. Rural economy is expected to boost consumption and most staples should do well. It is time to focus on two-wheelers such as Bajaj, who has done well, and Hero, who still needs to catch up.

Market expert Dilip Bhat advises buying IT stocks, citing companies such as Infosys, TCS and Tech Mahindra as noteworthy, as companies are well managed, offer high EBITDA conversion rates into free cash and strong payouts. Bhat also believes that despite offering potential for solid returns, the banking sector may not offer significantly great returns from current levels so do not expect to make a large amount of money, but holding onto banking stocks will provide resilience for the overall portfolio.

The stock traded at a P/E multiple of 53.15, while the price-to-book value ratio stood at 9.17.

United Spirits, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 59784.60 Crore) operating in Beverages - Alcoholic sector.

United Spirits, India's biggest liquor firm, said it is in discussions with the Haryana government to allow spirits at workplaces after the state allowed low-content alcohol drinks such as beer, wine and ready-to-drink beverages inside large corporate offices from next month.

Bata India has reported 4% growth in standalone net profit at Rs 65 crore for the quarter ended March. Revenue from operations rose 17% to Rs 778 crore during the quarter under review.

GAIL, Bata India, Tata Elxsi, United Spirits, Container Corp have announced their fourth quarter results today. GAIL's net profit more than doubled on a sequential basis to Rs 604 crore as against Rs 246 crore in the December quarter. Revenue from operations, however, fell 7% quarter-on-quarter to Rs 32,858 crore. During the quarter, natural gas transmission volume stood at 108.23 MMSCMD as against 103.

The company, however, said the performance was strong after numbers are rebased to account for Pioneer Distilleries merger and adjusted for slump sale and franchising of the reviewed popular portfolio for a like for like comparison.

United Spirits, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 58399.00 Crore) operating in Beverages - Alcoholic sector.

United Spirits, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 58751.77 Crore) operating in Beverages - Alcoholic sector.

Indian markets are expected to open higher, following global market cues. The buying sectors on previous trading sessions were realty, FMCG, telecom, and public sector. Meanwhile, selling sectors were oil and gas, utilities and power. The maximum weekly Call OI is placed at 18,500 and then towards 18,400 strikes while the maximum Put OI is placed at 18,300 and then towards 18,200 strikes. Options data suggests a broader trading range in between 18,000 to 18,600 zones while the immediate trading range between 18,250 to 18,500 zones.

Promoters held 56.68 per cent stake in the company as of 31-Mar-2023, while FIIs owned 15.38 per cent, DIIs 12.54 per cent.

"The Carlsberg Group has disputed the put option valuation and the two parties have agreed to refer the issue to arbitration. We cannot comment any further on the timing of the outcome," Ulrica Fearn, chief financial officer at Carlsberg, told investors during its earnings call.

The Central Bureau of Investigation (CBI) in its first supplementary chargesheet filed in the Delhi excise policy case has alleged that former Deputy Chief Minister of Delhi, Manish Sisodia, was the mastermind of the whole scam.

The shareholders of McDowell including Porinju Veliyath's Equity Intelligence and US investment firms Acacia Partners, and the financial creditor are locked in a legal battle over control of the company. The appeal in the Supreme Court was filed by 15.51% of shareholders.

The slowdown is not restricted to apparel. Even the liquor segment that surpassed pre-Covid sales last year, could see slower growth. Analysts also said demand environment remains weak in the quick service restaurant (QSR) space. Fine dining restaurant chain Speciality Restaurants' managing director Anjan Chatterjee said the phenomenon of revenge eating is now tapering down with dine-in business down by 5%-15% for the industry.

On the daily and weekly charts, the stock has formed a promising breakout continuation formation. The texture of the chart suggests an uptrend continuation formation which is likely to continue in the near future.

Nuvama Institutional Equities maintained a buy rating on Aarti Industries with a target price of Rs 776. “We recently visited a plant of Aarti Industries (AIL) and interacted with its management,” said the note.

At this point in time, Nifty is still holding on to the support of the lower end of a falling channel. This channel holds importance because the index is trading inside this falling channel since it made an all-time high.

United Spirits, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 56975.74 Crore) operating in Beverages - Alcoholic sector.

United Spirits, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 56456.19 Crore) operating in Beverages - Alcoholic sector.

On the weekly options front, the maximum Call OI is placed at 17,500 and then towards 17,400 strikes while the maximum Put OI is placed at 17,000 and then towards 16,800 strikes.

India VIX moved down by 6.09% from 12.97 to 12.18 levels on Friday. Volatility has been cooling off from the last seven sessions and paved the way for bulls at support zones. On the weekly options front, the maximum Call OI is placed at 18000 and then towards 17900 strikes while the maximum Put OI is placed at 17500 and then towards 17400 strikes.

In coming sessions, 17,700-17,800 levels (5 and 21 EMA) are expected to be next resistance area for the index and if the said levels get passed then psychological 18,000 mark which coincides with 20-day SMA is likely to be a crucial hurdle, with the support at 17,400-17,255 area