Stock have seen good correction post poor Q1 results. Power companies are still suffering from power theft. In the recent correction, Axis seems to have increased some more position in this stock. Also the stock has shown increased delivery % in this month.
Stock has good support at 170 level, however seeing the market softness I believe some more softness in the price can be seen if market shows some signs of weakness. Will eagerly await for 150 level to add more.
Disclosure - Current exposure is 0.75% of my portfolio.