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​Even today, I would not say that there are very frothy valuation at least in the large IT companies, so that is the trade that we are seeing at this point in time in the market. And my sense is that IT should do well. It is one of the large weights in the indices.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 17.95 per cent and 17.82 per cent, respectively.

The stock quoted a 52-week high of Rs 692.7 and a 52-week low of Rs 486.75.

But the thing that really stands out for me at the moment are the things that I am working on, which takes up my time, is essentially the allocations to pharma, IT and FMCG and identifying stocks in that place.

On the technical charts, the 200-day moving average of the stock stood at Rs 4105.96.

In a recent live stream on ETMarkets, hosted in collaboration with Delta Exchange, Saketh Ramakrishna provided an in-depth analysis of ratios in options trading. This session was particularly valuable for traders aiming to optimize their strategies by understanding the dynamics of risk and reward. Here’s a detailed overview based on Saketh’s insights.

A total of 22,359 shares changed hands on the counter till time (IST).

The Relative Strength Index of the stock stood at 55.91 on Wednesday.

A short buildup happens when open interest and volumes rise but stock prices fall, signaling traders expect declines. On Thursday, five stocks saw new short positions.

​Linked to that is bond yields because as commodity prices and inflation goes up, interest rates went up, we saw that in 21, 22, 23 and you will find that even there, there is a talk about now the Fed cutting.