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A total of 2,996 shares changed hands on the counter till 12:58PM (IST).

On the technical charts, the RSI of the stock stood at 42.48.

5 Nifty200 companies reported over 200% quarterly net profit growth YoY, signaling strong financial health and operational efficiency, which may enhance investor confidence and stock prices.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment.

Prabhudas Lilladher has hold call on Metro Brands with a target price of Rs 1,268. The current market price of Metro Brands is Rs 1,253.7

HDFC Bank has acquired a stake worth Rs 1 crore in the SME IPO of Sahasra Electronics Solutions, representing 35,600 equity shares in the company ahead of its public offering. Sahasra Electronics Solutions, which specializes in electronics solutions for system design and manufacturing, raised approximately Rs 53 crore in the anchor round prior to the IPO launch.

As of 30-Jun-2024, promoters held 44.78 per cent stake in the company, while FIIs held 27.41 per cent and domestic institutional investors had 10.36 per cent.

Shares of travel aggregator Easy Trip Planners, owner of EasyMyTrip, surged by 6.4% to a day’s high of Rs 36.49 on the BSE as investors seized the opportunity following the offloading of a stake by the company’s promoter, Nishant Pitti, for Rs 920 crore. Pitti sold 24,65,49,833 (24.65 crore) shares for a total value of Rs 920.06 crore, with the shares traded in a price range of Rs 37.22 to Rs 38.28, according to NSE bulk deal data.

​So, I think that is the play as far as the private sector banks is concerned. It is a large index play. But overall, I think it has remained underperformer for a very long time but currently because of valuation comfort they are getting bought into.

The company proposes to use the net proceeds from the IPO for investment in wholly-owned subsidiary KRN HVAC Products for setting up a new manufacturing facility at Neemrana, Alwar, in Rajasthan. The remaining amount will be used for other general corporate purposes.