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Short covering occurs when traders repurchase shares they sold short, often due to changing market sentiment, leading to reduced open interest and potentially higher stock prices.

The IPO of KRN Heat Exchanger saw strong demand on Day 3, being subscribed 93 times overall, largely due to significant interest from non-institutional investors. By 12:30 pm, the issue was subscribed 256 times by non-institutional investors, while the retail category saw a subscription rate of 73.6 times.

A total of 2,065 shares changed hands on the counter till 01:08PM (IST).

The Relative Strength Index of the stock stood at 57.47 on Friday.

​But at least with this kind of supply, what we will also see is that at least the pace of the market movement needs to moderate because eventually we have seen historically also as the supply becomes larger and larger at some stage, it becomes difficult for the market to absorb that.

​But the negative factor obviously going on is the extreme speculative activity on smaller stocks like SME stocks that trade at valuations which are higher than largecap stocks, like the BSE SME index is twice the valuation of the main board, small cap index, etc.

A total of 739,654 shares changed hands on the counter till 12:02PM (IST)

The stock quoted a 52-week high price of Rs 3750.0 and a 52-week low of Rs 1968.25.

Five Nifty 200 companies reported rising EPS for four consecutive quarters, indicating improved profitability, strong management, and potential for sustainable growth, enhancing investor confidence.

Electrification is a global trend, gaining momentum from electric vehicles (EVs) and data centers, according to a Motilal Oswal report. Power stocks have thrived, with the 13-stock BSE Power index yielding 90% returns over the past year. Four stocks delivered multibagger gains of 221% to 103%, while others achieved high double-digit returns of 94% to 75%.