The Relative Strength Index of the stock stood at 74.78 on Monday.

Analysts do not see any change in capital gain tax on equity as equity taxation was introduced recently and the government would want to maintain continuity.

“Earnings are plateauing at very high levels which translates into very strong free cash flow generation and this in turn allows the companies to reduce debt very sharply.”

The stock quoted a 52-week high price of Rs 1063.75 and a 52-week low of Rs 620.55.

“I am sceptical about Reliance given the new capex they keep on announcing and what that could do to their strategy to achieve zero debt on the balance sheet. . We need to watch it. I do not see a significant upside in Reliance from current levels.”

A total of 8,645 shares changed hands on the counter till 01:40PM (IST)

The stock quoted a 52-week high price of Rs 2037.85 and a 52-week low of Rs 400.0.

The stock traded at a P/E multiple of 102.23, while the price-to-book value ratio stood at 16.45.

The total banking sector loans in India are Rs 110 trillion, of which Rs 55 trillion is lent to companies and Rs 30 trillion to individuals. It is a huge landscape, and fintech firms such as PayU Finance, Mobikwik, Krazybee, CapitalFloat, Simpl and Lendingkart have had a decent start.

A total of 30,216 shares changed hands on the counter till 12:33PM (IST)